Unity Trust Bank Sustainability Profile
Unity Trust Bank, headquartered in Great Britain, is a leading financial institution dedicated to providing banking services primarily for the social economy. Founded in 1984, the bank has established itself as a trusted partner for charities, social enterprises, and community organisations across the UK. Specialising in ethical banking, Unity Trust Bank offers a range of products and services, including business accounts, loans, and savings solutions, all designed to support social impact initiatives. Its commitment to responsible finance sets it apart in the industry, making it a preferred choice for organisations focused on positive change. With a strong market position, Unity Trust Bank has achieved notable milestones, including recognition for its contributions to sustainable finance. The bank continues to play a vital role in empowering communities and fostering social development throughout the UK.
DitchCarbon Score
How does Unity Trust Bank'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
Unity Trust Bank's score of 38 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Unity Trust Bank's reported carbon emissions
In 2023, Unity Trust Bank reported total carbon emissions of approximately 78,360 kg CO2e. This figure includes 48,830 kg CO2e from Scope 1 emissions, primarily from direct operations, and 22,530 kg CO2e from Scope 2 emissions, which are associated with purchased electricity. Notably, Scope 3 emissions were significant, amounting to 1,036,310 kg CO2e, with major contributions from investments (952,000 kg CO2e), business travel (33,320 kg CO2e), and employee commuting (40,610 kg CO2e). Comparatively, in 2022, the bank's total emissions were about 65,640 kg CO2e, indicating a rise in emissions year-on-year. The breakdown for 2022 included 36,400 kg CO2e from Scope 1, 21,900 kg CO2e from Scope 2, and 61,320 kg CO2e from Scope 3 emissions. Despite these figures, Unity Trust Bank has not set specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction targets suggests a need for further strategic planning in their sustainability efforts. The bank's emissions data is not cascaded from any parent organization, indicating that these figures are independently reported. Overall, Unity Trust Bank's emissions profile highlights the importance of addressing both direct and indirect emissions, particularly in the context of their investment activities and employee-related travel.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 51,400 | 00,000 | 00,000 | 00,000 |
| Scope 2 | 32,600 | 00,000 | 00,000 | 00,000 |
| Scope 3 | 55,900 | 00,000 | 00,000 | 0,000,000 |
How Carbon Intensive is Unity Trust Bank's Industry?
How Carbon Intensive is Unity Trust Bank's Location?
Unity Trust Bank's Scope 3 Categories Breakdown
Unity Trust Bank's Scope 3 emissions, which increased significantly last year and increased significantly since 2020, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Investments" being the largest emissions source at 93% of Scope 3 emissions.
Top Scope 3 Categories
Unity Trust Bank'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.
Unity Trust Bank 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.
