Placed in ‘Leadership’ Category for ESG Performance
Anytime News Network | Pooja Srivastava
Union Bank of India has achieved a significant milestone by securing the prestigious “CARE Edge ESG 1+” rating from CARE Edge ESG Ratings. The rating places the bank in the ‘Leadership’ category for its strong Environmental, Social, and Governance (ESG) performance.
The ESG 1+ rating is among the highest recognitions awarded by CARE Edge and reflects the bank’s commitment to sustainable banking practices, responsible governance, and inclusive growth initiatives. The assessment highlights Union Bank’s proactive integration of ESG principles into its business operations, enterprise-wide risk management framework, and strategic decision-making processes.
Key strengths acknowledged in the rating include adoption of environmentally responsible lending practices, focus on financial inclusion and community development, robust governance structures with transparent disclosures, and integration of ESG considerations across risk management systems.
Union Bank reiterated its commitment to strengthening its sustainability framework and contributing meaningfully to India’s broader ESG agenda, reinforcing stakeholder confidence and long-term value creation.
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