Equitas Small Finance Bank
Equitas Small Finance Bank, headquartered in India, is a prominent player in the banking industry, focusing on providing financial services to underserved segments of the population. Established in 2016, the bank has rapidly expanded its operations across various regions, including Tamil Nadu, Maharashtra, and Gujarat, catering to the needs of both urban and rural customers. The bank offers a diverse range of products, including savings accounts, fixed deposits, and microfinance solutions, distinguished by their customer-centric approach and competitive interest rates. Equitas Small Finance Bank has achieved significant milestones, such as receiving the Best Small Finance Bank award, reflecting its commitment to financial inclusion and innovation. With a strong market position, it continues to enhance its services, making banking accessible and affordable for all.
DitchCarbon Score
How does Equitas Small Finance 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
Equitas Small Finance Bank's score of 26 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Equitas Small Finance Bank's reported carbon emissions
In 2024, Equitas Small Finance Bank reported total carbon emissions of approximately 568,270 kg CO2e, comprising 133,090 kg CO2e from Scope 1 and 435,180 kg CO2e from Scope 2. This data reflects a consistent emission pattern over the previous years, with similar figures reported in 2023 and 2022. Specifically, in 2023, the bank's emissions were also about 568,270 kg CO2e, while in 2022, they were slightly higher at approximately 578,930 kg CO2e. Equitas Small Finance Bank has not disclosed any Scope 3 emissions data, indicating a focus primarily on direct and indirect emissions from their operations. Despite the absence of specific reduction targets or initiatives, the bank's emissions intensity per rupee of turnover has shown a slight improvement, with values of 0.00001451 in 2023 and 0.00001705 in 2022, suggesting a commitment to enhancing operational efficiency. While no formal climate pledges or reduction targets have been established, the bank's consistent monitoring of emissions and revenue indicates an awareness of their environmental impact. As the financial sector increasingly prioritises sustainability, Equitas Small Finance Bank's ongoing efforts to manage and report emissions will be crucial in aligning with industry standards and expectations.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 138,400 | 000,000 | 000,000 |
| Scope 2 | 440,530 | 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.
Equitas Small Finance 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.
