THEBUSINESSBYTES BUREAU
MUMBAI, FEBRUARY 21, 2026
Union Bank of India has earned the prestigious CareEdge-ESG 1+ rating
from CareEdge ESG Ratings, placing the public sector lender in the coveted
“Leadership” category and underscoring its strong performance across
environmental, social and governance parameters.
The CareEdge-ESG 1+ distinction, among the highest ESG ratings awarded by
the agency, reflects the bank’s deepening commitment to sustainable banking
practices, responsible corporate governance and socially inclusive growth. The
recognition highlights Union Bank of India’s structured approach to embedding
ESG principles into its core business strategy, risk management architecture
and long-term decision-making processes.
CareEdge noted the bank’s sustained focus on environmentally conscious
lending, including support for green and low-carbon sectors, alongside its
expanding role in advancing financial inclusion and community development
initiatives. The rating also factors in the institution’s robust governance
framework, transparent disclosures and the integration of ESG considerations
into enterprise-wide risk management systems.
The leadership positioning signals growing institutional maturity in aligning sustainability with operational performance and stakeholder value. By systematically incorporating ESG metrics into credit evaluation, portfolio monitoring and policy formulation, the bank is strengthening resilience while contributing to responsible capital allocation.
Union Bank of India said the recognition reinforces its commitment to advancing a comprehensive sustainability roadmap and supporting India’s broader ESG agenda.
