Union Bank of India Receives ‘Very Good Sustainability Quality’ Rating from Moody’s
Moody’s Ratings assigns SQS2 – “Very Good Sustainability Quality” to Union Bank of India’s Sustainable Financing Framework, highlighting its strong ESG commitment
Union Bank of India has been assigned a Sustainability Quality Score (SQS) of SQS2 – “Very Good Sustainability Quality” by Moody’s Ratings, following the issuance of a Second Party Opinion (SPO) on the Bank’s Sustainable Financing Framework.
The SQS2 rating is the second-highest on Moody’s Sustainability Quality Score scale and reflects Union Bank of India’s strong commitment to sustainable and responsible financing practices.
Moody’s Second Party Opinion is a globally recognised benchmark that provides independent assurance on the credibility, robustness and alignment of sustainability frameworks with international best practices. The favourable assessment enhances transparency for investors and stakeholders, while reaffirming that Union Bank of India’s Sustainable Financing Framework meaningfully contributes to environmental and social objectives.
The Bank stated that the rating underscores its continued focus on integrating sustainability into its core operations and financing activities, in line with its vision of creating long-term value for the environment, society and future generations.
Union Bank of India is one of India’s leading public sector banks and remains committed to delivering innovative financial solutions while actively promoting sustainable development.
