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United Bankshares, Inc., often referred to as UBSI, is a prominent player in the financial intermediation services sector, excluding insurance and pension funding. Headquartered in the United States, the company operates extensively across the Mid-Atlantic and Southeastern regions, providing a robust range of banking and financial services. Founded in 1982, United Bankshares has achieved significant milestones, including strategic acquisitions that have expanded its footprint and service offerings.
The company is renowned for its core products, which include commercial and retail banking, mortgage lending, and wealth management services. What sets United Bankshares apart is its commitment to personalised customer service and community engagement, fostering strong relationships with clients. With a solid market position, UBSI has consistently been recognised for its financial stability and growth, making it a trusted choice for individuals and businesses alike.
31
DitchCarbon score
-6 vs industry average
United Bankshares, Inc.’s score of 31 is lower than 45% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2026
2020202120222023202420252026
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
United Bankshares, Inc.'s reported carbon emissions
United Bankshares, Inc., a US-based financial intermediation services company, reported Scope 1 emissions of approximately 1,959,000 kg CO2e and Scope 2 emissions of approximately 9,364,000 kg CO2e for the 2023 reporting year. In the preceding year, 2022, the company disclosed Scope 1 emissions of approximately 2,838,000 kg CO2e and Scope 2 emissions of approximately 10,123,000 kg CO2e. There is no publicly available data for Scope 3 emissions for either year.
The company has set several climate commitments. It aims to reduce its Scope 1 emissions by 30% from a 2020 baseline by 2030, and also targets near-zero Scope 1 emissions by 2025. Similarly, United Bankshares, Inc. plans to reduce its Scope 2 emissions by 30% from a 2020 baseline by 2030, with an additional goal of achieving near-zero Scope 2 emissions by 2025.
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United Bankshares, Inc.’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
See details
Not active
Carbon Disclosure Project
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Not active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
United Bankshares, Inc.11 days ago
31
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