Canara Bank
Canara Bank, officially known as Canara Bank Limited, is a prominent financial institution headquartered in Bengaluru, India. Established in 1906, it has grown to become one of the largest public sector banks in the country, with a significant presence across various regions, including southern and western India. Operating in the banking and financial services industry, Canara Bank offers a diverse range of products and services, including retail banking, corporate banking, and wealth management. Its unique approach to customer service and innovative digital banking solutions have positioned it as a leader in the sector. With a rich history marked by key milestones, Canara Bank has consistently achieved notable accolades, including recognition for its robust financial performance and commitment to social responsibility. As a trusted name in banking, it continues to play a vital role in India's economic landscape.
DitchCarbon Score
How does Canara 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
Canara Bank's score of 23 is lower than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Canara Bank's reported carbon emissions
In 2024, Canara Bank reported total carbon emissions of approximately 35,296,130 kg CO2e for Scope 1 and about 195,643,450 kg CO2e for Scope 2. This reflects a significant increase in emissions compared to 2023, where Scope 1 emissions were about 11,741,850 kg CO2e and Scope 2 emissions were approximately 272,722,940 kg CO2e. The bank has not disclosed any Scope 3 emissions data, indicating a focus primarily on direct and indirect emissions from its operations. Notably, Canara Bank has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, which suggests a potential area for future commitment. The emissions intensity metrics indicate that in 2024, the total Scope 1 and Scope 2 emissions intensity per Rupee of turnover was approximately 0.0000000369 kg CO2e, while in terms of physical output, it was about 2.79 kg CO2e per employee. In 2023, these figures were approximately 0.0000000343 kg CO2e per Rupee of turnover and about 3.34 kg CO2e per employee. Overall, while Canara Bank has made strides in reporting its emissions, the absence of reduction targets and initiatives highlights an opportunity for enhanced climate action and commitment to sustainability.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 11,741,850 | 00,000,000 |
| Scope 2 | 272,722,940 | 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.
Canara 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.
