Kotak Mahindra Bank
Kotak Mahindra Bank, a prominent player in the Indian banking sector, is headquartered in Mumbai, India. Founded in 1985, the bank has evolved from a financial services company into a full-fledged commercial bank, officially receiving its banking licence in 2003. With a strong presence across major operational regions in India, Kotak Mahindra Bank offers a diverse range of financial products and services, including retail banking, corporate banking, and wealth management. The bank is renowned for its innovative digital banking solutions and customer-centric approach, setting it apart in a competitive market. As one of the leading private sector banks in India, Kotak Mahindra Bank has achieved significant milestones, including a robust market position and numerous awards for excellence in service and technology. Its commitment to financial inclusion and sustainable growth continues to drive its success in the industry.
DitchCarbon Score
How does Kotak Mahindra Bank's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Kotak Mahindra Bank's score of 49 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Kotak Mahindra Bank's reported carbon emissions
In 2023, Kotak Mahindra Bank reported total carbon emissions of approximately 11890000 kg CO2e for Scope 1 and 69466000 kg CO2e for Scope 2, with an additional 73842900 kg CO2e attributed to Scope 3 emissions. This reflects a significant commitment to transparency in their carbon footprint across all scopes of emissions. The bank's emissions have fluctuated over the years, with a notable increase in Scope 1 emissions from 1214000 kg CO2e in 2021 to 11890000 kg CO2e in 2023. Scope 2 emissions also saw a rise, from 57484000 kg CO2e in 2021 to 69466000 kg CO2e in 2023. However, there are no specific reduction targets or initiatives disclosed in their recent reports, indicating a potential area for improvement in their climate commitments. Kotak Mahindra Bank's emissions data highlights the importance of ongoing efforts to manage and reduce their carbon footprint, particularly in light of global climate change challenges. The bank's commitment to sustainability will be crucial as they navigate future environmental responsibilities.
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Get Started| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 56,820 | - | - | 000,000 | 000,000 | 00,000 | 00,000 | 0,000,000 | 0,000,000 | 00,000,000 | 0,000,000 |
| Scope 2 | 14,003,280 | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | 0,000,000 | 0,000,000 | 000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Kotak Mahindra Bank is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
