Union Bank of India Receives SQS2 Sustainability Rating from Moody’s

Mumbai, January 23, 2026: Union Bank of India has been assigned a SQS2 – “Very Good Sustainability Quality” rating 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 (SQS) scale and reflects a strong assessment of the framework’s alignment with internationally recognised sustainability principles. The opinion underscores the credibility, transparency, and robustness of Union Bank of India’s approach to sustainable and responsible financing.

Moody’s Second Party Opinion is a globally recognised independent assessment that evaluates the design and governance of sustainability frameworks. It provides assurance to investors and stakeholders on how effectively such frameworks align with global best practices and contribute to defined environmental and social objectives.

According to the assessment, Union Bank of India’s Sustainable Financing Framework demonstrates a meaningful commitment to integrating sustainability considerations into its financing activities. The framework is structured to support projects with positive environmental and social outcomes, reinforcing the Bank’s broader objective of long-term value creation for society and future generations.

Union Bank of India continues to embed sustainability into its core operations, aligning its lending and financing strategies with responsible banking principles. The SQS2 rating further strengthens the Bank’s positioning among Indian public sector banks that are advancing structured approaches to sustainable finance.

As one of India’s leading public sector banks, Union Bank of India remains focused on delivering innovative financial solutions while supporting sustainable development priorities. The recognition by Moody’s adds an external validation to the Bank’s ongoing efforts to align growth with environmental and social responsibility.