In 2023, United Bankshares completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources) and Scope 2 (indirect emissions from purchased energy).
However, United Bankshares has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2023 | 2022 |
|---|---|---|
Total Scope 1 | 1,959a | 2,838b |
Total Scope 2 | ||
Unspecified Calculation Method | 9,364a | 10,123b |
Total Scope 3 | N/A | N/A |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 1.8702a | 2.729b |
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In 2023, the total operational greenhouse gas (GHG) emissions of United Bankshares amounted to 11,323 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2022, the total operational greenhouse gas (GHG) emissions of United Bankshares decreased by 12.64%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab
In 2023, the total Scope 1 emissions of United Bankshares were 1,959 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2022), United Bankshares's Scope 1 emissions decreased by 30.97%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.ab
In 2023, United Bankshares reported Scope 2 greenhouse gas (GHG) emissions of 9,364 tCO₂e without specifying the calculation method.a
Compared to the previous year (2022), United Bankshares's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that United Bankshares's emissions have plateaued with no significant change in its energy consumption footprint.ab
In 2023, United Bankshares reported its Scope 2 emissions using an unspecified methodology.a
In 2023, United Bankshares reported Scope 1 greenhouse gas (GHG) emissions of 1,959 tCO₂e and total revenues of USD 1,047 millions. This translates into an emissions intensity of 1.87 tCO₂e per millions USD.a
In 2023, United Bankshares reported a Scope 1 emissions intensity of 1.87 tCO₂e per millions USD. Compared to the peer group median of 1.31, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2023, United Bankshares ranked 18 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
United Bankshares is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a