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 24 is higher than 59% 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 2022, Unity Trust Bank reported total carbon emissions of approximately 127,000 kg CO2e, comprising 36,400 kg CO2e from Scope 1, 21,900 kg CO2e from Scope 2, and 68,700 kg CO2e from Scope 3 emissions. This marked a slight decrease from 2021, when total emissions were about 138,000 kg CO2e, with Scope 1 emissions at 41,100 kg CO2e, Scope 2 at 34,400 kg CO2e, and Scope 3 at 62,300 kg CO2e. In 2020, the bank's emissions were approximately 140,000 kg CO2e, indicating a positive trend in reducing their carbon footprint. Despite these reductions, Unity Trust Bank has not disclosed specific reduction targets or initiatives related to the Science Based Targets initiative (SBTi) or other climate pledges. The bank's emissions intensity was reported at about 940 kg CO2e per full-time equivalent (FTE) in 2023, reflecting their ongoing commitment to monitoring and managing their carbon emissions. Overall, while Unity Trust Bank has made strides in reducing emissions, further transparency regarding their climate commitments and future reduction targets would enhance their sustainability profile.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 51,400 | 00,000 | 00,000 |
| Scope 2 | 32,600 | 00,000 | 00,000 |
| Scope 3 | 55,900 | 00,000 | 00,000 |
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.
