United Bankshares, Inc. Sustainability Profile
United Bankshares, Inc., often referred to as UBSI, is a prominent financial institution headquartered in the United States. Established in 1982, the company has grown significantly, primarily serving the Mid-Atlantic and Southeastern regions. As a leading bank holding company, United Bankshares operates within the banking industry, offering a comprehensive range of services including commercial banking, mortgage banking, and wealth management. The firm is recognised for its commitment to customer service and community engagement, distinguishing itself through tailored financial solutions and a strong local presence. With a robust market position, United Bankshares has achieved notable milestones, including consistent growth in assets and a reputation for financial stability. Its core offerings are designed to meet the diverse needs of individuals and businesses, making it a trusted partner in the financial landscape.
DitchCarbon Score
How does United Bankshares, Inc.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
United Bankshares, Inc.'s score of 33 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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United Bankshares, Inc.'s reported carbon emissions
In 2023, United Bankshares, Inc. reported Scope 2 emissions of approximately 36,900 kg CO2e, with no reported Scope 1 emissions. This marks a slight increase from 2022, when the company recorded Scope 2 emissions of about 33,700 kg CO2e. Additionally, in 2022, the total emissions, including Scope 3, were reported at approximately 352,942,300 kg CO2e, with a significant portion attributed to investments (about 351,426,500 kg CO2e). United Bankshares has set ambitious climate commitments, aiming to reduce its Scope 2 emissions by 30% from a 2020 baseline by 2030. Furthermore, the company has pledged to bring its Scope 2 emissions close to zero by 2025. Similar targets have been established for Scope 1 emissions, with a goal of a 30% reduction from the 2020 baseline by 2030 and a near-zero target by 2025. The emissions data is not cascaded from any parent organisation, and all figures are directly reported by United Bankshares, Inc. The company is actively working towards its climate goals, reflecting a commitment to sustainability and responsible environmental stewardship.
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| 2022 | |
|---|---|
| Scope 1 | 2,838,000 |
| Scope 2 | 10,123,000 |
| Scope 3 | - |
How Carbon Intensive is United Bankshares, Inc.'s Industry?
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United Bankshares, Inc.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
United Bankshares, Inc. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
