Fino Payments Bank Limited Sustainability Profile
Fino Payments Bank Limited, commonly referred to as Fino Bank, is a prominent player in India's financial services sector, headquartered in Mumbai, Maharashtra. Established in 2017, the bank has rapidly expanded its operations across various regions, focusing on providing accessible banking solutions to underserved populations. Operating within the fintech industry, Fino Payments Bank offers a range of services, including digital banking, payment solutions, and financial inclusion initiatives. Its unique approach combines technology with a deep understanding of local markets, enabling it to cater effectively to diverse customer needs. Fino Bank has achieved significant milestones, including a successful IPO and recognition for its innovative banking solutions. With a strong market position, it continues to enhance its offerings, making banking more inclusive and convenient for millions of customers across India.
DitchCarbon Score
How does Fino Payments Bank Limited'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
Fino Payments Bank Limited's score of 16 is lower than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Fino Payments Bank Limited's reported carbon emissions
Fino Payments Bank Limited, headquartered in India, currently does not report any specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. The bank has not established any documented reduction targets or climate pledges, which suggests a lack of formal commitments to reducing its carbon footprint at this time. As a current subsidiary, Fino Payments Bank Limited's climate initiatives and emissions data may be influenced by its corporate family relationships. However, no specific cascading data from parent organizations or related entities has been provided. In the context of the banking industry, many institutions are increasingly focusing on sustainability and climate commitments. While Fino Payments Bank Limited has yet to disclose its emissions or reduction strategies, it is essential for financial institutions to align with global climate goals and consider the implications of their operations on the environment.
How Carbon Intensive is Fino Payments Bank Limited's Industry?
How Carbon Intensive is Fino Payments Bank Limited's Location?
Fino Payments Bank Limited'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.
Fino Payments Bank Limited 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.
