Union Bank of the Philippines 2024 SR
The report highlights UnionBank's commitment to digital transformation and financial inclusion through its 'Tech Up Pilipinas' framework. In 2024, the company achieved significant milestones, including the issuance of a $100 million social bond by its subsidiary CitySavings to support women-led MSMEs. The bank expanded its digital reach to over 17 million retail customers and successfully migrated 76% of branch transactions to digital channels. Furthermore, UnionBank integrated environmental and social risk management into its credit processes and reported a 33% reduction in energy consumption at its main plaza through efficiency initiatives.
Company: Union Bank of the Philippines
Sector: Financials
Country: Philippines
Year: 2024
Type: SR
Pages: 70
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Union Bank of the Philippines
Sustainability Report
The report highlights UnionBank's commitment to digital transformation and financial inclusion through its 'Tech Up Pilipinas' framework. In 2024, the company achieved significant milestones, including the issuance of a $100 million social bond by its subsidiary CitySavings to support women-led MSMEs. The bank expanded its digital reach to over 17 million retail customers and successfully migrated 76% of branch transactions to digital channels. Furthermore, UnionBank integrated environmental and social risk management into its credit processes and reported a 33% reduction in energy consumption at its main plaza through efficiency initiatives.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Water Consumption
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Employees