Bank of India Sustainability Profile
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 23 is lower than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bank of India's reported carbon emissions
In 2024, Bank of India reported total carbon emissions of approximately 85,706,600 kg CO2e, comprising about 2,691,200 kg CO2e from Scope 1 and about 82,958,400 kg CO2e from Scope 2 emissions. This marks a slight decrease from 2023, where the bank's emissions were approximately 80,000,300 kg CO2e, with Scope 1 emissions at about 2,862,400 kg CO2e and Scope 2 emissions at about 77,539,900 kg CO2e. The bank has not disclosed any Scope 3 emissions data, nor have they set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi). Their climate commitments appear to be in the early stages, with no formal climate pledges or reduction targets reported. As a financial institution headquartered in India, Bank of India is positioned within an industry increasingly focused on sustainability and carbon footprint reduction, yet it currently lacks comprehensive strategies or commitments to significantly lower its emissions.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 2,862,400 | 0,000,000 |
| Scope 2 | 77,539,900 | 00,000,000 |
| Scope 3 | - | - |
How Carbon Intensive is Bank of India's Industry?
How Carbon Intensive is Bank of India's Location?
Bank of India's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Bank of India has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
