Union Bankshares, Inc..
UNB.US | Other monetary intermediation
Union Bankshares, Inc. is a financial holding company that provides a range of banking and related financial services. The company operates through its banking subsidiary, offering services such as deposit accounts, loans (including commercial, real estate, and consumer loans), and wealth management...Show More
Better Health for All
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Union Bankshares, Inc. is a financial holding company whose core products and services (deposit accounts, loans, wealth management) do not have a direct positive or negative impact on health outcomes. The company offers Health Savings Accounts (HSAs), which are financial products for health-related savings, but the articles do not provide information on their direct health impact, pricing, or data responsibility practices.
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While the company engages in community development and recovery programs, including a $3 million COVID-19 response and a $10 million Community Recovery Program addressing social and racial inequities and economic stability, these initiatives are financial and economic in nature, not directly focused on health disparities, healthcare workforce support, or preventative health measures.
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Therefore, most health-related KPIs are not applicable to its business model or lack specific evidence.
Fair Money & Economic Opportunity
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No evidence was found in the provided articles regarding Union Bankshares, Inc. (UNB.US) or its performance against any of the KPIs for the 'Fair Money & Economic Opportunity' ethical value. All articles provided pertain to Tesla and its environmental impact, not to UNB.US or financial services.
Fair Pay & Worker Respect
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No evidence available to assess Union Bankshares, Inc. on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
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No evidence available to assess Union Bankshares, Inc. on Fair Trade & Ethical Sourcing.
Honest & Fair Business
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Union Bankshares has a formal whistleblower policy that encourages confidential and anonymous submissions for accounting, internal controls, or auditing matters, and provides an ethics hotline.
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Protection from retaliation is explicitly stated under the Sarbanes-Oxley Act, and the bank emphasizes a zero-tolerance approach to retaliation.
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However, there is no evidence of independent investigation processes or specific metrics on training frequency or program effectiveness. The company's board members must satisfy independence and qualification requirements set by SEC, NASDAQ, and FDIC, but the specific percentage of conflict-free directors is not disclosed.
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A formal anti-corruption policy is in place, prohibiting bribery, gifts, and political donations, and includes due diligence for partners and training programs for employees.
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However, the frequency and effectiveness metrics of this training are not provided. The Audit Committee reviews and approves external audit, internal audit, and third-party arrangements, but the extent of independent verification of ethical claims is not quantified.
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Kind to Animals
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No evidence available to assess Union Bankshares, Inc. on Kind to Animals.
No War, No Weapons
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The provided articles, including Atlantic Union Bank's 2022 and 2024 CSR Reports and an ESG article, explicitly state that they do not contain quantitative data relevant to Union Bankshares, Inc. or the 'No War, No Weapons' ethical value.
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Therefore, no specific evidence regarding arms contracts, dual-use technology, sales to embargoed regimes, peacebuilding investment, or any other related metrics could be extracted to assess the company against the rubric's KPIs.
Planet-Friendly Business
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No evidence available to assess Union Bankshares, Inc. on Planet-Friendly Business.
Respect for Cultures & Communities
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The provided articles do not contain specific, quantitative data points or concrete facts that directly address any of the KPIs for 'Respect for Cultures & Communities'. Information regarding formal partnerships with indigenous or local community groups, revenue reinvested in local development, cultural appropriation incidents, cultural impact assessment protocols, local employment ratios, grievance mechanisms, complaint resolution times, FPIC participation, community governance inclusion, cultural preservation investment, local procurement, indigenous supplier engagement, cultural site protection, social license, charitable giving to cultural heritage organizations, community fund allocation, language inclusivity, cultural incident response, or cultural training completion is not present. The articles primarily focus on financial performance, general community engagement without specific metrics, or internal company culture unrelated to the defined KPIs.
Safe & Smart Tech
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In May 2023, the company experienced a data breach due to a vulnerability in third-party MOVEit software, potentially exposing over 200,000 individuals' personal information, including names, SSNs, and dates of birth.
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Following notification of the vulnerability on May 29, 2023, the company disconnected the affected software, launched an investigation, and sent notification letters to affected individuals by June 30, 2023.
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A data breach notice was filed with the California Attorney General, and a class-action lawsuit was filed.
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The company conducts annual cybersecurity risk assessments, regular reviews and testing of critical network and application systems, and engages external consultants for penetration testing and vulnerability assessments.
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It is subject to regulatory compliance requirements from the FRB, FDIC, and DFR.
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Zero Waste & Sustainable Products
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Union Bank (UNB.US) is committed to reducing waste, reusing, and recycling, and is exploring processes, products, and materials to improve sustainability.
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The bank has expanded its recycling and composting efforts and switched to environmentally-friendly cleaning supplies and paper products.
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However, no specific number or effectiveness metrics for these initiatives are provided beyond general statements, and one article notes no participation in tracked initiatives.
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