Union Bank of India has informed the Exchange regarding 'Business Responsibility and Sustainability Report 2024-25 of the Bank'.
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Union Bank of India has filed its Business Responsibility and Sustainability Report (BRSR) for FY 2024-25 with the stock exchanges, as required under SEBI Regulation 34 of LODR 2015. The bank reported a total business of ₹1,27,539 crore and net worth of ₹1,04,562 crore, with deposits contributing 57.13% and lending 42.87%. It operates 8,619 domestic branches and 2 international branches, supported by 73,964 employees (29.2% women, 2,640 differently-abled). Key sustainability highlights include a target to achieve Net Zero in own operations by 2035, ₹27,668 crore in renewable energy lending, and being the first major Indian bank to sign the Partnership for Carbon Accounting Financials (PCAF). CSR contribution stood at ₹121.40 crore to Union Bank Social Foundation, covering 89 projects in education, healthcare, and rural development.
This is a routine regulatory disclosure and does not signal any material change in business or financials. It reinforces the bank's ESG commitments, including renewable energy financing, financial inclusion, and accessibility initiatives like Braille debit cards. Shareholders get visibility into governance, employee welfare (0.38% of revenue), and risk management practices, but no direct price-moving information.