Bank of India
Bank of India, a prominent player in the Indian banking sector, was established in 1906 and is headquartered in Mumbai, India. With a robust presence across various regions, it operates extensively throughout India and has a growing international footprint in key markets. As a public sector bank, Bank of India offers a diverse range of financial services, including retail banking, corporate banking, and treasury operations, catering to both individual and business clients. The bank is renowned for its innovative products, such as home loans, personal loans, and various investment options, which are designed to meet the evolving needs of its customers. Over the years, Bank of India has achieved significant milestones, including its listing on the Bombay Stock Exchange and the National Stock Exchange, solidifying its position as one of the leading banks in India. With a commitment to customer service and financial inclusion, Bank of India continues to play a vital role in the country's economic development.
DitchCarbon Score
How does Bank of India'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 India's score of 21 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Bank of India's reported carbon emissions
In 2023, Bank of India reported total carbon emissions of approximately 28,624,400 kg CO2e from Scope 1 and about 77,539,900 kg CO2e from Scope 2. This reflects a slight decrease in emissions from the previous year, where Scope 1 emissions were around 26,912,000 kg CO2e and Scope 2 emissions were approximately 82,958,400 kg CO2e in 2024. Despite these figures, Bank of India has not disclosed any specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of documented reduction strategies indicates a need for enhanced climate commitments within the banking sector, particularly as financial institutions increasingly focus on sustainability and carbon footprint reduction. Overall, while Bank of India has made some progress in reducing its emissions, the lack of formal targets suggests there is significant room for improvement in its climate strategy.
Unlock detailed emissions data
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Add to project| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 2,862,400 | 0,000,000 |
| Scope 2 | 77,539,900 | 00,000,000 |
| 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 India 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.
