City Union Bank Releases Business Responsibility and Sustainability Report for FY 2025-26; Highlights Green Finance Goals

City Union Bank Releases Business Responsibility and Sustainability Report for FY 2025-26; Highlights Green Finance Goals​

City Union Bank Limited (CUB) has released its Business Responsibility and Sustainability (BRSR) report for the financial year 2025-26. The comprehensive document details the bank's commitment to sustainable economic contribution, stakeholder engagement, and adherence to corporate governance standards.

The reporting is conducted on a standalone basis, showcasing the bank's performance across environmental, social, and governance (ESG) metrics, as defined by the BRSR framework.

Company Profile and Operations Snapshot​

City Union Bank Limited was incorporated in 1904. The institution possesses a paid-up capital of 74,30,47,262 equity shares of Re. 1/- each.

The bank maintains a wide national presence, operating 26 corporate offices and 949 branches across 22 states. Its core business activities are concentrated entirely within the financial services sector, accounting for 100% of its turnover.

Key operational figures include:

Workforce and Social Commitment​

The bank reported a total workforce of 8,963 employees as of the financial year-end. This total includes 6,912 male permanent employees and 1,982 female employees in the permanent category. The reporting also included 69 employees categorized as Other than Permanent.

Commitments to human capital include:

• Training: A significant focus was placed on employee development, with a high rate of participation reported for various training programs. For instance, 126 employees other than BOD and KMPs completed relevant awareness training programs in FY 2025-26.
• Health and Welfare: The bank provides comprehensive benefits, including health insurance and term life insurance to all employees. Furthermore, it implements a Master Health Check-up reimbursement program for its staff members.

Environmental Governance and Green Finance Initiatives​

The BRSR report outlines several key ESG risks and opportunities that the banking sector faces, dedicating significant attention to climate change and data security. The bank views "Green Finance" as a prime opportunity area within its business strategy.

Key Environmental Performance Indicators (FY 2025-26):

• Energy Consumption: Total energy consumed was 1,20,586.16 GJ, showing a reduction of 15% in total electricity consumption compared to the base year 2024-25. A fuel efficiency improvement was also noted, with a 43% reduction in fuel consumed following the transition to lithium-ion batteries for backup power.
• GHG Emissions: Total Scope 1 emissions stood at 484.59 Metric tonnes of CO2 equivalent (tCO2e), down from 330.06 tCO2e in the previous financial year, while Scope 2 emissions were 23,214.63 tCO2e.
• Waste Management: E-waste generation stood at 6.85 Metric tonnes (MT) for FY 2025-26, down from 8.81 MT in the previous year.

The bank is actively promoting a low-carbon transition by increasing solarisation of its branches and facilities and continuing to finance renewable energy projects across MSMEs through specialized loan programmes funded by the International Finance Corporation (IFC).

Stakeholder Engagement and Customer Focus​

The institution maintains dedicated mechanisms for grievance redressal, covering all stakeholder groups including communities, investors, shareholders, employees, and customers. The bank reports that 6467 consumers filed complaints related to delivery of essential services in FY 2025-26, with 154 remaining pending resolution at the end of the year.

Commitments toward Inclusion:

• The bank is committed to inclusive growth through MSME financing and agricultural credit support. It noted that 100% of its inputs were sourced directly from within India.
• Regarding gender diversity, Gross wages paid to females accounted for 17.50% of total wages in FY 2025-26, slightly down from 20.00% in the previous year.

Material Risks and Strategic Focus​

The bank identified several material risks related to its operations:

• Customer Privacy and Data Security (Risk): The bank secures personally identifiable information across its lifecycle through mechanisms like redaction, encryption, and implementing a Data Loss Prevention (DLP) solution.
• Climate Related Change (Risk): Recognizing the threat posed by changing weather patterns and the transition to a low-carbon economy, the bank is actively addressing these risks.
• Cyber Security & Data Protection (Risk): The institution implemented multi-layered security controls, holding ISO 27001:2022 and PCI-DSS certifications for its Digital Card environment.

The report concludes that City Union Bank Limited is progressing toward finalizing a comprehensive ESG framework, integrating sustainability objectives into lending and investment decision-making processes over the next five years.

CUB Stock Price Movement​

Today, City Union Bank Limited shares edged higher to finish at ₹224.98, reflecting a solid 0.21% gain for the day. The stock saw strong activity in its closing trade, with 1.09 million shares traded during the session.