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esg practice
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Green Finance Portfolio (Dec’25): ₹34,967 Cr |
Union Green Home (Dec’25): ₹1353 Cr |
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Union Green Miles for EVs (Dec’25): ₹1637 Cr |
4 IGBC certified green buildings |
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Donated ₹121.40 Cr through Union Bank Social Foundation FY 25 |
2,92,535 candidates trained with 75% employment success through RSETI |
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Financed Emissions (Mar’25): 3,22,29,644 tCO2e |
NET Zero by 2035 in own operations (Scope 1 and 2) |
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First major Indian bank to become signatory of Partnership of Carbon Accounting Financials (PCAF) |
Bank is assigned a rating of SQS2- “Very Good Sustainability” by Moody’s rating for Sustainable Finance Framework |
Our Mission
Environmental Responsibility
We are committed to minimizing our environmental impact by reducing carbon footprint, conserving energy, and promoting sustainable practices. Our goal is to operate in an eco-friendly manner that supports the health and well-being of our planet.
Social Responsibility
We strive to make a positive impact on society by fostering a diverse and inclusive workplace, supporting community initiatives, and ensuring the well-being and development of our employees. We believe in fair treatment, respect, and equal opportunities for all.
Governance
We uphold the highest standards of ethical conduct, transparency, and accountability in our business operations. Our governance framework is designed to ensure responsible decision-making and to protect the interests of our stakeholders.
ESG Highlights
- Net-zero target by 2035 (Scope 1 & 2)
- ₹34,967 Cr in green finance (Dec’25)
- ESG governance via Board, Risk Management Committee, ESG Steering Committee
- Strategic roadmap FY26 – 30: AI-driven banking, ESG advisory, climate tech, carbon credit trading
Environmental Initiatives
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Climate Risk Management:
- ICAAP-aligned scenario analysis (NGFS, CMIP6, CLIMADA)
- Sectoral PD delta analysis
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Biodiversity & Nature:
- TNFD LEAP pilot with ₹250+ Cr loans
Social Impact
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CSR Projects:
- ₹121.40 Cr spent across 89 projects
- 2.92 lakh trained via RSETIs (71% women)
- ₹1.40 Cr in scholarships
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Financial Inclusion:
- PMJDY: 337 lakh accounts
- PMSBY: 360 lakhs enrolments
- PMJJBY: 97 lakhs enrolments
- APY: 48 lakh enrolments
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Human Capital:
- 73,945 employees
- 65.23 lakh learning hours
- 1,500 Local Business Officers recruited
- DEI policies with 58.49% SC/ST/OBC representation
Governance & Compliance
- Board Approval: Comprehensive ESG Risk Framework with clear authority delegation
- Quarterly Oversight: Regular committee meetings with Board leadership
- Strategic Integration: ESG principles embedded in all major business decisions
- Implementation Focus: Dedicated ESG Cell driving organization-wide transformation
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Cybersecurity & Risk:
- ISO 27701 / 27001 certifications
- 24x7 Cyber Security Operations Centre