Eastern Bank PLC. Sustainability Profile
Eastern Bank PLC, commonly referred to as EBL, is a prominent financial institution headquartered in Dhaka, Bangladesh. Established in 1992, the bank has made significant strides in the banking sector, offering a diverse range of services including retail banking, corporate banking, and treasury operations. With a strong presence across major operational regions in Bangladesh, EBL is recognised for its innovative banking solutions and customer-centric approach. The bank's core products encompass personal loans, credit cards, and various deposit schemes, all designed to meet the evolving needs of its clientele. EBL has garnered a reputation for its commitment to digital banking, making it a leader in the industry. With numerous accolades and a solid market position, Eastern Bank PLC continues to play a vital role in the financial landscape of Bangladesh.
DitchCarbon Score
How does Eastern Bank PLC.'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
Eastern Bank PLC.'s score of 34 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Eastern Bank PLC.'s reported carbon emissions
In 2023, Eastern Bank PLC reported total carbon emissions of approximately 1,418,300,000 kg CO2e. This figure includes Scope 1 emissions of about 505,300,000 kg CO2e, Scope 2 emissions of approximately 257,030,000 kg CO2e, and Scope 3 emissions totalling around 656,000,000 kg CO2e. Notably, the bank's Scope 1 and 2 emissions combined amount to about 762,330,000 kg CO2e. Eastern Bank PLC has committed to achieving net zero emissions by 2050, aligning with global efforts to limit warming to 1.5 degrees Celsius. This long-term target encompasses all scopes of emissions, reflecting the bank's dedication to comprehensive climate action. The bank's emissions data is not cascaded from any parent organization, indicating that these figures are independently reported. As part of its sustainability strategy, Eastern Bank PLC is actively working towards reducing its carbon footprint and enhancing its environmental performance.
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| 2023 | |
|---|---|
| Scope 1 | 505,300,000 |
| Scope 2 | 257,030,000 |
| Scope 3 | 656,000,000 |
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Eastern Bank PLC.'s Scope 3 Categories Breakdown
A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 46% of total emissions under the GHG Protocol, with "Investments" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Eastern Bank PLC.'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.
Eastern Bank PLC. 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.
