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.
Let us know if this data was useful to you
United Bankshares, Inc.'s reported carbon emissions
In 2023, United Bankshares, Inc. reported total carbon emissions of approximately 36,900 kg CO2e, with all emissions attributed to Scope 2. The bank's Scope 1 emissions were recorded at 0 kg CO2e, indicating no direct emissions from owned or controlled sources. For the previous year, 2022, the total emissions were approximately 351,460,200 kg CO2e, comprising 0 kg CO2e from Scope 1, 33,700 kg CO2e from Scope 2, and a significant 351,426,500 kg CO2e from Scope 3 emissions, primarily related to investments. United Bankshares has set ambitious reduction targets, aiming to decrease its Scope 1 and Scope 2 emissions by 30% from a 2020 baseline by 2030. Additionally, the bank aspires to reduce its Scope 1 and Scope 2 emissions to near zero by 2025. These commitments reflect a proactive approach to climate action, aligning with industry standards for sustainability and emissions reduction. The emissions data is not cascaded from any parent organization, and all figures are directly reported by United Bankshares, Inc.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2022 | |
|---|---|
| Scope 1 | 2,838,000 |
| Scope 2 | 10,123,000 |
| Scope 3 | - |
How Carbon Intensive is United Bankshares, Inc.'s Industry?
How Carbon Intensive is United Bankshares, Inc.'s Location?
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.
Huntington Bancshares
Valley National Bancorp
Bank Of America
Goldman Sachs
TowneBank
Let us know if this data was useful to you
Usage Policy
You're welcome to quote or reference data from this page, but please include a visible link back to this URL.
Bulk collection, resale, or redistribution of data from multiple profiles is not permitted.
See our License Agreement for more details.