ESG Impact image

Our approach to environmental and social issues is becoming increasingly integrated in the work we do across our business and is subject to the governance and oversight of our management and Board structures. From a customer and client point of view, we support our customers and clients execute their sustainability strategies, including de-carbonising their business models. For Union Bank of India, support for customers and clients will include advising clients as they adapt their business models to make them more sustainable; and using our expertise to help build low-carbon energy capacity, through facilitating green finance. Progress will continue to be made in the coming months and beyond. We intend to identify, accelerate and promote the development of climate and sustainable finance growth opportunities for the benefit of our customers and clients across all our businesses, products and services.

Environment

Union Green Deposit

₹ 264.46 Crore
mobilized as on
31.03.2022

Union Green Miles

₹ 33.95 Crore
sanctioned as on
31.03.2022

₹ 7,164 Crore
Credit facility extended to
Renewable Energy Sector
as on 31.03.2022

Committed towards Environment

Union Bank of India has become the founding member of Indian Green Building Council (IGBC), a premier green rating organization promoted by Confederation of Indian Industry(CII)

Social

Micro Loans

  • Svanidhi
    Bank has sanctioned total 3.54 lakh applications amounting to ₹381.68 crores as on 31.03.2022

  • Shishu Mudra
    Total 3.50 lakh applications amounting to
    ₹714.53 crore sanctioned in FY21-22.

Micro Loans

  • Women SHGs
    Total 6.42 lakh loans amounting ₹41,059.92 Crores sanctioned to SHGs out of which 5.61 lakh loans amounting 36,237.73 crores sanctioned to women SHGs

  • Union Nari Shakti Scheme
    Scheme exclusively for women entrepreneurs: Total 1,113 applications amounting to ₹149.92 crore have been sanctioned in FY21-22.

Knowledge
Dissemination

  • Bank has established 30 RSETI Centres and trained 2.56 lakh people with the objectives of providing self- employment training programmes.

Governance

Gender Parity

Gender Diversity on Board

Ms. A. Manimekhalai appointed as MD & CEO w.e.f. 03.06.2022
Ms. Priti Jay Rao elected as one of the Board of Directors representing shareholders.
The Bank has established following policies

Business

Code of Conduct (CoC) for Directors & Senior Management

Ensures transparency and high ethical standards in managing the affairs of the bank.

Sustainable Development & Business Responsibility Policy

Directs bank’s sustainability strategy and integrate it with business strategy.

Treating Customers Fairly

Customer Rights Policy

Documents basic rights of Customer.

Compensation Policy

Establishes a system whereby Bank compensates customer for financial losses due to deficiency in services or any act of omission or commission on its part.

Employee

Whistle Blower Policy

Provides an avenue for employees to raise concerns on any violation or non-compliance of regulatory or legal requirements.

Policy on Prevention, Prohibition and Redressal of Sexual
Harassment of Women Employees at Workplace

Provides fair, safe and harmonious work environment to female employees.

Physical Security & Fire Safety Policy

Lays out safe and secure work environment enabling the staff to provide quality service and builds lasting customer relations.

Union Bank of India Equal Opportunity Policy

Provides equal opportunities, without any discrimination on the grounds of age, color, disability, marital status, nationality, religion etc.