United Bankshares, Inc.
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 54% 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 and significant Scope 3 emissions from investments, totalling approximately 351,426,500 kg CO2e. The total emissions for 2022 were approximately 352,942,300 kg CO2e. United Bankshares has set ambitious climate commitments, aiming to reduce its Scope 2 emissions by 30% from a 2020 baseline by 2030. Additionally, the company has pledged to bring its Scope 2 emissions to near zero by 2025. Similar targets have been established for Scope 1 emissions, with a goal of a 30% reduction by 2030 and achieving near-zero emissions 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, aligning with industry standards for sustainability and emissions reduction.
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| 2022 | |
|---|---|
| Scope 1 | 2,838,000 |
| Scope 2 | 10,123,000 |
| Scope 3 | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
United Bankshares, Inc. is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
