Icici Bank
ICICI Bank Limited, one of India's leading private sector banks, is headquartered in Mumbai, Maharashtra. Established in 1994, it has grown to become a significant player in the banking and financial services industry, offering a diverse range of products and services. ICICI Bank operates extensively across India and has a notable international presence in countries such as the UK, Canada, and the US. The bank's core offerings include retail banking, corporate banking, and treasury operations, distinguished by innovative digital solutions and customer-centric services. ICICI Bank has achieved several milestones, including being the first Indian bank to launch internet banking in 1998. With a strong market position, it is recognised for its robust financial performance and commitment to technological advancement, making it a preferred choice for millions of customers.
DitchCarbon Score
How does Icici 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
Icici Bank's score of 39 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Icici Bank's reported carbon emissions
In 2023, ICICI Bank reported total carbon emissions of approximately 39,375,000 kg CO2e, comprising 25,000,000 kg CO2e from Scope 1, 126,000,000 kg CO2e from Scope 2, and 20,000,000 kg CO2e from Scope 3 emissions. This marked a significant increase in emissions compared to previous years, with total emissions in 2022 at about 142,000 kg CO2e and in 2021 at approximately 137,000 kg CO2e. The bank's Scope 1 emissions primarily stem from direct operations, while Scope 2 emissions are associated with purchased electricity. Notably, ICICI Bank has not disclosed any specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, indicating a potential area for future commitment. Overall, ICICI Bank's emissions data reflects the challenges faced in reducing carbon footprints, particularly in the banking sector, where operational and energy consumption factors play a crucial role. The bank's ongoing efforts to address climate change will be essential in aligning with global sustainability goals.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 21,000 | 00,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 128,000 | 000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | 00,000,000 | 000,000,000 |
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.
Icici Bank is not participating in any of the initiatives that 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.
