Union Bank of India Launches Decarbonisation and Net Zero Roadmap Reports at Mumbai Climate Week 2026
Union Bank of India has launched three leadership documents on decarbonising steel and cement, climate scenario modelling, and its Net Zero 2035 roadmap, in collaboration with GIZ, CEEW, and Ernst & Young at Mumbai Climate Week 2026.
February 25, 2026. By Mrinmoy Dey
The document on ‘Decarbonising Steel and Cement Sector’ – developed jointly with GIZ – presents technology pathways for decarbonisation in hard-to-abate sectors, implementation strategy, maturity level, low carbon technologies and financing mechanisms, the company stated.
The document on ‘Climate Scenario Modelling for Transition Planning – developed jointly with Council on Energy, Environment and Water (CEEW) – highlights the Bank’s work in using the GCAM (Global Change Analysis) Model for developing climate scenarios specific to India. The document covers the usage of the model in climate risk and opportunity analysis and integration into transition planning.
The third document on ‘Operational Decarbonisation and Net Zero Roadmap’ – developed jointly with Ernst & Young (E&Y) – details how the Bank is embedding its Net Zero 2035 (Scope 1 and 2) commitment into operational, strategy and processes.
The Bank also launched a certification for capacity building titled ‘ESG Certification Program for Indian Banks’ developed jointly by the Bank with Climate Policy Initiative (CPI).
The Bank also conducted ‘The Union Bank Climate Dialogue’ on the transition of hard-to-abate sectors, which involved industry representatives, think-tanks, regulators, financial institutions, investors, rating agencies and other stakeholders. The dialogue deliberated on the low carbon technologies, available data related challenges, policy expectations, regulatory development, demand side pressure and financial instruments available for transition, the company stated.
please contact: contact@energetica-india.net.
Bharat Bala
Builder and CEO
EVs Emerging as High-Yield Financial Assets for Businesses: Bharat Bala, Builder & CEO, AMP.EV
IAS Lokesh Chandra
CMD
Technology & Grid Modernisation Key to Reliable Power Supply, Says Lokesh Chandra, CMD, MSEDCL
Manish Khare
Managing Director
India Has Potential to Add 10 GW of Agri-Voltaic Capacity in Five Years: Manish Khare
Ch. Bhavani Suresh
Founder and Managing Director
Industry is Shifting from Standalone Solar to Integrated Energy Solutions: MD, Truzon Solar
Ekta Kabra
Vice Chairperson and MD
India Must Develop A Robust Testing and Certification Ecosystem for BESS: Ekta Kabra, Geon