Unity Trust Bank
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 26 is lower than 53% 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 1,020,310 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 climate pledges, as indicated by the absence of documented reduction initiatives or SBTi targets. The bank's emissions data is not cascaded from any parent organization, ensuring that the reported figures are solely reflective of its own operations. Overall, Unity Trust Bank's emissions profile highlights the need for enhanced climate commitments and reduction strategies to address its carbon footprint effectively.
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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 |
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.
Unity Trust Bank 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.
