- Rapid climate change and increasing environmental concerns
- Limited financial inclusion and inadequate access to banking services in underserved communities
- Data privacy and cybersecurity risks
- Inadequate credit risk management practices and non-compliance with responsible lending principles
Union Bank of India
Greenhouse gas emissions & sustainability report data
By scope: Scope 1: 272.2K Metric tonnes of CO2 equivalent; Scope 2: 180.4K Metric tonnes of CO2 equivalent. 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.
Water Usage
169.7K kiloliters
2023-24
Waste
1.11 metric tonnes
2023-24
Energy Use
819.5K GJ
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). | 272.2K Metric tonnes of CO2 equivalent |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 180.4K Metric tonnes of CO2 equivalent |
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 |
|---|---|
| 2022-23 | 515.9K tCO2e/year (Scope 1 & 2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- ` 23,059 Crore credit facility extended to renewable energy sector as on 31.03.2024
- ` 462 Crore sanctioned under Union Green Miles as on 31.03.2024
- Installation of On-grid RoofTop Solar power plants with a capacity of 539 KW
🎯 Climate & Sustainability Targets
📅 Medium-term
- Net zero emissions by 2030 in own operations
🔭 Long-term
- Net zero emissions by 2070
🌱 ESG Focus Areas
Climate Change and Environmental SustainabilitySocial Inclusion and Financial AccessibilityData Privacy and CybersecurityResponsible Lending and Credit Risk Management