- Customer privacy and data security risks due to digitization and third-party partnerships.
- Climate-related risks affecting the safety and soundness of the financial system.
- Regulatory and Statutory Compliance risks due to expanding regulatory and reporting requirements.
CITY UNION BANK LIMITED
Greenhouse gas emissions & sustainability report data
In its 2023-24 reporting, CITY UNION BANK LIMITED disclosed greenhouse gas emissions of 22.9K tCO2e/year. By scope: Scope 1: 571.19 tCO2e/year; Scope 2: 22.4K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
22.9K tCO2e/year
2023-24
Water Usage
31.39 lacs kilolitres/year
2023-24
Waste
5.97 tons/year
2023-24
Energy Use
168.3K GJ/year
2023-24
📊 Emissions by Scope (2023-24)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 571.19 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 22.4K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023-24 | 22.9K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Minimized the use of plastic bottles, plates, cups, and spoons in Board and Committee meetings.
- Sensitized all its employees to prohibit the use of plastics in the Banks premises, bringing own water bottles for drinking water purpose instead of using disposable pet bottles, minimise paper consumption, use of energy efficient equipment’s and conservation of water resources by optimum usage of water.
- Despite the addition of 48 new branches in the Financial Year and facing increased electricity tariffs in many states across India, energy consumption for the entire financial year rose by only 16% compared to the previous year.
- Invested in Environmental and Water conservation projects including the restoration of water bodies in Tamil nadu, cleaning / desiltation of tanks in various districts of Tamilnadu for the benefit of local community, contribution to various Municipalities under Self Sufficiency Scheme [ SSS] of the Govt . etc.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Implementation of solar panels (subject to feasibility) in offices / branch premises owned by the Bank by the end of FY 2025.
- Provision for rain water harvesting (subject to feasibility) in offices / branch premises owned by the Bank by the end of FY 2025.
- Reduction in the usage of Plastics bank wide by the end of FY 2025.
🌱 ESG Focus Areas
Customer privacy and Data SecurityClimate related changeBusiness Ethics and GovernanceEmployee Engagement, Diversity and InclusionDigitalisation and Paperless BankingRegulatory and Statutory Compliances