Anytime News Network | Pooja Shrivastava
Union Bank of India reaffirmed its sustainability leadership at Mumbai Climate Week 2026, held at the Jio World Convention Centre. The event serves as a Global South city-led platform accelerating climate action.
The Bank unveiled three landmark leadership papers co-developed with premier institutions. In partnership with GIZ, it presented a decarbonisation roadmap for India’s steel and cement sectors, outlining technological pathways and financing mechanisms.
A second paper, developed with Council on Energy, Environment and Water, highlighted climate scenario modelling using the GCAM framework to integrate climate risks and opportunities into transition planning.
The third, created with Ernst & Young, detailed the Bank’s operational Net-Zero 2035 (Scope 1 & 2) roadmap.
Additionally, the Bank launched an ESG Certification Programme for Indian Banks in collaboration with Climate Policy Initiative. It also announced top-tier recognitions, including CareEdge ESG 1+ and Moody’s SQS2 sustainability quality score.
Union Bank reaffirmed its commitment to financing India’s low-carbon transition through robust ESG governance and strategic industry partnerships.
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