United Bank for Africa Plc
United Bank for Africa Plc (UBA) is a leading financial institution headquartered in Nigeria, with a significant presence across 20 African countries and global offices in key financial centres. Established in 1961, UBA has evolved into a major player in the banking industry, offering a diverse range of services including retail banking, corporate banking, investment banking, and asset management. The bank is renowned for its innovative digital banking solutions, which enhance customer experience and accessibility. UBA's commitment to financial inclusion and its robust network of over 1,000 branches position it as a trusted partner for millions of customers. With numerous accolades, including recognition as one of Africa's most admired brands, UBA continues to set benchmarks in the banking sector, driving economic growth across the continent.
DitchCarbon Score
How does United Bank for Africa Plc'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
United Bank for Africa Plc's score of 22 is lower than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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United Bank for Africa Plc's reported carbon emissions
In 2023, United Bank for Africa Plc (UBA), headquartered in Nigeria (NG), reported significant carbon emissions totalling approximately 1,000,000,000 kg CO2e across all scopes. Specifically, their emissions breakdown includes about 21,919,860 kg CO2e from Scope 1, approximately 33,058,230 kg CO2e from Scope 2, and a substantial 819,757,860 kg CO2e from Scope 3 emissions. The combined total for Scope 1 and Scope 2 emissions stands at about 2,231,925,390 kg CO2e. Despite the high emissions figures, UBA has not disclosed any specific reduction targets or initiatives as part of their climate commitments. There are no reported Science-Based Targets Initiative (SBTi) targets or other formal climate pledges. The absence of reduction initiatives suggests that UBA may be in the early stages of developing a comprehensive climate strategy. As a financial institution, UBA's emissions profile is heavily influenced by its operational activities and the broader financial services sector's impact on climate change. The bank's commitment to addressing its carbon footprint will be crucial in aligning with global sustainability goals and responding to increasing stakeholder expectations regarding environmental responsibility.
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.
United Bank for Africa Plc 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.
