Mumbai: Union Bank of India has been assigned the “CareEdge -ESG 1+” ESG Rating by CareEdge ESG Ratings, under “Leadership” category for its strong Environmental, Social, and Governance (ESG) performance.
The CareEdge-ESG 1+ rating is among the
highest ESG distinctions awarded by CareEdge and signifies the Bank’s
commitment to sustainable banking practices, responsible governance, and
socially inclusive initiatives. This recognition reflects Union Bank of India’s
proactive measures to integrate ESG principles into its business operations,
risk management frameworks, and strategic decision-making processes.
The rating highlights the Bank’s continuous
efforts in areas like adoption of environmentally conscious lending practices;
focus on financial inclusion and community development; robust governance
structures and transparent disclosures & integration of ESG considerations
into enterprise-wide risk management.
Union Bank of India remains committed to
advancing its sustainability roadmap and contributing meaningfully to India’s
broader ESG agenda.