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 31 is higher than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Equitas Small Finance Bank's reported carbon emissions
In 2023, Equitas Small Finance Bank reported total carbon emissions of approximately 138,400 kg CO2e for Scope 1 and about 440,530 kg CO2e for Scope 2. This represents a slight increase in Scope 1 emissions compared to 2022, where they were about 101,000 kg CO2e, while Scope 2 emissions decreased from approximately 4,957,000 kg CO2e in 2022. For 2024, the bank's emissions are projected to be around 133,090 kg CO2e for Scope 1 and approximately 435,180 kg CO2e for Scope 2, indicating a continued focus on managing their carbon footprint. Equitas Small Finance Bank has not disclosed any specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. However, they have reported emission intensity metrics, with Scope 1 and 2 emissions per rupee of turnover decreasing from 0.0000149 in 2022 to 0.0000122 in 2024, reflecting an improvement in operational efficiency relative to revenue. Overall, while the bank has made strides in managing its emissions, further commitments and reduction strategies would enhance its climate action profile.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 101,000 | 000,000 | 000,000 |
| Scope 2 | 4,957,000 | 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 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.
