Union Bank of Colombo PLC 2024 Annual Report with Sustainability Disclosures
Company: Union Bank of Colombo PLC
Sector: Finance & insurance
Country: Sri Lanka
Year: 2024
Type: Annual Report with Sustainability Disclosures
Pages: 388
The report presents Union Bank's second Integrated Annual Report for FY2024, covering financial and non-financial performance and a broad sustainability disclosure set. Key developments include adoption of an Integrated Sustainability/ESG Policy, establishment of a Sustainability Unit and Executive Committee on Sustainability, and a commitment to achieve Net Zero for Scope 1 and Scope 2 emissions by 2030. The Bank also quantified its GHG emissions for the first time, reporting 1,505 tonnes of Scope 1 and 2 emissions, while expanding sustainable finance and green lending initiatives. Workforce disclosures report 1,189 employees, 23,599 training hours, and 11.11% female Board representation.
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