United Commercial Bank PLC Sustainability Profile
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 42 is higher than 61% 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 2024, United Commercial Bank PLC reported total carbon emissions of approximately 1,346,000,000 kg CO2e. This figure includes Scope 1 emissions of about 461,000,000 kg CO2e, Scope 2 emissions of around 172,000,000 kg CO2e, and Scope 3 emissions totalling approximately 713,000,000 kg CO2e, with investments contributing an additional 1,978,768,000 kg CO2e. For the previous year, 2023, the bank's emissions were significantly lower, at about 21,115,240 kg CO2e, comprising approximately 7,755,210 kg CO2e from Scope 1, 9,486,620 kg CO2e from Scope 2, and 3,873,410 kg CO2e from Scope 3. United Commercial Bank PLC 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 the bank's commitment to addressing climate change and reducing its carbon footprint in alignment with industry standards.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 7,755,210 | 000,000,000 |
| Scope 2 | 9,486,620 | 000,000,000 |
| Scope 3 | 3,873,410 | 000,000,000 |
How Carbon Intensive is United Commercial Bank PLC's Industry?
How Carbon Intensive is United Commercial Bank PLC's Location?
United Commercial Bank PLC's Scope 3 Categories Breakdown
United Commercial Bank PLC's Scope 3 emissions, which increased significantly last year and increased significantly since 2023, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 53% of total emissions under the GHG Protocol, with "Investments" representing nearly all of their reported Scope 3 footprint.
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United Commercial Bank PLC'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 Commercial Bank PLC 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.
