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Andhra Bank
Andhra Bank, officially known as Andhra Bank Limited, is a prominent financial institution headquartered in India. Established in 1923, the bank has a rich history and has evolved significantly over the decades, becoming a key player in the Indian banking sector. With a strong presence in southern India, particularly in Andhra Pradesh and Telangana, Andhra Bank offers a diverse range of services, including retail banking, corporate banking, and agricultural finance. The bank is renowned for its customer-centric approach, providing unique products such as tailored loan solutions and digital banking services. Over the years, Andhra Bank has achieved notable milestones, including its merger with Union Bank of India, enhancing its market position and operational capabilities. With a commitment to innovation and community development, Andhra Bank continues to serve millions of customers, solidifying its reputation as a trusted financial partner in the region.
DitchCarbon Score
How does Andhra 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
Andhra Bank's score of 24 is lower than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Andhra Bank, headquartered in India, currently does not have specific carbon emissions data available for the most recent year. The bank's climate commitments and reduction initiatives are influenced by its relationship with Union Bank of India, from which it inherits emissions data and performance metrics. As a merged entity, Andhra Bank's climate strategy may align with the broader initiatives of Union Bank of India, which has set various targets for emissions reduction. However, specific reduction targets or achievements for Andhra Bank itself have not been disclosed. The bank's commitment to sustainability is evident through its participation in industry initiatives, although no specific climate pledges or SBTi targets have been reported. As such, Andhra Bank's current climate impact and future commitments remain vague, pending further disclosures or data updates.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 283,485,000 | 000,000,000 |
| Scope 2 | 193,187,000 | 000,000,000 |
| Scope 3 | - | - |
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.
Andhra 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.
