United Commercial Bank PLC
United Commercial Bank PLC, commonly referred to as UCB, is a prominent financial institution headquartered in Dhaka, Bangladesh. Established in 1983, UCB has grown to become a key player in the banking sector, offering a wide range of services across retail, corporate, and investment banking. With a strong presence in major operational regions throughout Bangladesh, UCB is recognised for its innovative banking solutions, including personal loans, credit cards, and SME financing. The bank's commitment to customer service and technological advancement has positioned it as a leader in the industry. UCB has achieved several milestones, including the introduction of digital banking services, which enhance accessibility for clients. Its reputation for reliability and customer-centric approach has solidified its market position, making it a trusted choice for individuals and businesses alike.
DitchCarbon Score
How does United Commercial Bank PLC'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 Commercial Bank PLC's score of 36 is higher than 60% 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 Commercial Bank PLC's reported carbon emissions
In 2023, United Commercial Bank PLC (UCB) reported total carbon emissions of approximately 21,115,240 kg CO2e. This figure includes 7,755,210 kg CO2e from Scope 1 emissions, 9,486,620 kg CO2e from Scope 2 emissions, and 3,873,410 kg CO2e from Scope 3 emissions. The combined Scope 1 and 2 emissions totalled about 17,241,830 kg CO2e. UCB has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 73% by 2030, using 2019 as the base year. Additionally, the bank has a long-term goal of achieving net-zero emissions across all scopes by 2045, targeting a 90% reduction in absolute emissions compared to the 2019 baseline. These initiatives reflect UCB's commitment to sustainability and align with industry standards for climate action. The bank's emissions data is not cascaded from any parent organization, indicating that these figures are independently reported.
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| 2023 | |
|---|---|
| Scope 1 | 7,755,210 |
| Scope 2 | 9,486,620 |
| Scope 3 | 3,873,410 |
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 Commercial Bank PLC 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.
