Union Bank of India Scores 81.3, Receives CareEdge-ESG 1+ Rating

Mumbai, 17 February 2026: Union Bank of India (UBI) has been assigned a CareEdge-ESG rating of 1+, with an overall score of 81.3, reflecting its strong leadership in environmental, social, and governance (ESG) practices. This rating was conferred by Care ESG Ratings Limited, a leading ESG rating agency in India, and marks a significant milestone in UBI’s commitment to sustainable banking.

Key Highlights of the ESG Rating

Environmental Score: 70.4/100 – UBI demonstrates proactive climate risk management, net-zero commitment by 2035, and expansion of green financing in renewable energy, electric mobility, and energy-efficient housing.
Social Score: 84.2/100 – High consumer protection standards, 98%+ grievance resolution, 96.1 CSAT score, and strong workforce inclusion with 3.57% differently-abled employees.
Governance Score: 82.3/100 – Strong regulatory compliance, ethical business practices, board oversight, and ISO-certified risk management frameworks.

UBI’s ESG profile reflects best-in-class disclosures, policies, and performance, particularly in social and governance areas. The bank’s initiatives include robust cybersecurity measures, diversity, equity, and inclusion (DEI) programs, and comprehensive employee welfare and grievance redressal frameworks.

While UBI leads in ESG leadership, the rating report highlights areas for further improvement, including enhanced human rights policies, greater gender diversity at senior levels, and continued reduction in emission intensities.

About Union Bank of India

Incorporated in 1919, UBI is one of India’s largest public sector banks, operating over 8,600 branches and 8,000 ATMs, with a workforce exceeding 74,000 employees. The bank plays a pivotal role in financial inclusion, priority sector lending, and sustainable finance initiatives, and maintains an international presence in Dubai, Sydney, and London.

The CareEdge-ESG rating reaffirms UBI’s position as a leader in responsible banking and its commitment to advancing sustainable, inclusive, and transparent financial practices.