THEBUSINESSBYTES
BUREAU
MUMBAI,
JANUARY 21, 2026
Union Bank of India has achieved a
significant milestone in its sustainability journey as Moody’s Ratings assigned
it a Sustainability Quality Score of SQS2, denoting “Very Good Sustainability
Quality,” for its Sustainable Financing Framework. This is the second-highest
rating on Moody’s Sustainability Quality Score scale and highlights the bank’s
strong and credible commitment to responsible and sustainable financing
practices.
Moody’s issued the rating through its
globally respected Second Party Opinion, an independent assessment that
evaluates the robustness, transparency and credibility of sustainability
frameworks. The SQS2 rating underscores that Union Bank of India’s framework is
well-aligned with international best practices and is designed to deliver
meaningful environmental and social impact, providing enhanced confidence to
investors and stakeholders alike.
The assessment reflects the bank’s
focused approach towards integrating sustainability into its core business
strategy and financing activities, ensuring that capital is channelled towards
projects that contribute positively to climate action, social development and
long-term economic resilience. By embedding sustainability considerations into
decision-making, the bank aims to create enduring value for the environment,
society and future generations.
As
one of India’s leading public sector banks, Union Bank of India continues to
strengthen its role in supporting sustainable development while offering
innovative financial solutions.
