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 19 is lower than 75% 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 reported total carbon emissions of approximately 21,115,240 kg CO2e. This figure includes 7,755,210 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources. Scope 2 emissions, representing indirect emissions from the generation of purchased electricity, amounted to about 9,486,620 kg CO2e. Additionally, Scope 3 emissions, which cover all other indirect emissions, totalled approximately 3,873,410 kg CO2e. Despite the significant emissions reported, United Commercial Bank PLC has not set specific reduction targets or climate pledges as part of their sustainability initiatives. The bank's emissions data is independently reported and does not cascade from any parent organization. As a financial institution headquartered in Bangladesh, United Commercial Bank PLC is positioned within an industry increasingly focused on climate commitments and carbon footprint reduction. However, the absence of defined reduction strategies highlights an area for potential growth in their environmental responsibility efforts.
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| 2023 | |
|---|---|
| Scope 1 | 7,755,210 |
| Scope 2 | 9,486,620 |
| Scope 3 | 3,873,410 |
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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.
