Bank of Baroda
Bank of Baroda, often referred to as BoB, is a prominent Indian multinational banking and financial services company headquartered in Vadodara, India. Established in 1908, it has grown to become one of the largest public sector banks in India, with a significant presence in various regions, including Asia, Europe, and the Americas. The bank operates in the financial services industry, offering a diverse range of products and services, including retail banking, corporate banking, and wealth management. Its unique approach combines traditional banking with innovative digital solutions, catering to a wide array of customer needs. With a rich history marked by key milestones, Bank of Baroda has consistently maintained a strong market position, recognised for its customer-centric services and robust financial performance. The bank's commitment to excellence has earned it numerous accolades, solidifying its reputation as a trusted financial partner.
DitchCarbon Score
How does Bank of Baroda'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
Bank of Baroda's score of 23 is lower than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Bank of Baroda's reported carbon emissions
In 2024, Bank of Baroda reported total carbon emissions of approximately 221,394,270 kg CO2e, comprising about 5,370,450 kg CO2e from Scope 1 and about 216,689,820 kg CO2e from Scope 2. This represents a slight decrease in Scope 1 emissions compared to 2023, where emissions were about 5,604,400 kg CO2e, while Scope 2 emissions increased from approximately 148,354,580 kg CO2e in 2023. The bank's emissions data for 2022 indicated total emissions of about 122,718,850 kg CO2e, with Scope 1 emissions at approximately 5,030,810 kg CO2e and Scope 2 emissions at about 117,637,840 kg CO2e. Despite these figures, Bank of Baroda has not disclosed any specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of defined reduction strategies highlights a potential area for improvement in their climate commitments. Overall, while Bank of Baroda has made some progress in managing its carbon footprint, the lack of formal reduction targets suggests that further action may be necessary to align with global climate goals.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 5,030,810 | 0,000,000 | 0,000,000 |
| Scope 2 | 117,637,840 | 000,000,000 | 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.
Bank of Baroda 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.
