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.
-4 vs industry average
United Bankshares, Inc.’s score of 33 is lower than 47% 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
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
United Bankshares, Inc.'s reported carbon emissions
United Bankshares, Inc., a financial intermediation services provider headquartered in the US, reported its carbon emissions for 2023 and 2022. In 2023, the company's Scope 1 emissions were approximately 1,959,000 kg CO2e, and Scope 2 emissions were approximately 9,364,000 kg CO2e. For 2022, Scope 1 emissions were approximately 2,838,000 kg CO2e, and Scope 2 emissions were approximately 10,123,000 kg CO2e. Scope 3 emissions data were not disclosed for these years.
United Bankshares, Inc. has established several climate commitments. The company aims to reduce its Scope 1 emissions to near zero by 2025, with a longer-term goal to reduce Scope 1 emissions by 30% from a 2020 baseline by 2030. Similarly, the company intends to reduce its Scope 2 emissions to near zero by 2025, and also has a target to reduce Scope 2 emissions by 30% from a 2020 baseline by 2030.
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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
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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United Bankshares, Inc.
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