ICICI Bank Limited, one of India's leading financial institutions, is headquartered in Mumbai, Maharashtra. Established in 1994, the bank has significantly evolved, becoming a key player in the financial intermediation services sector, excluding insurance and pension funding. ICICI Bank offers a diverse range of products, including retail banking, corporate banking, and treasury services, distinguished by its innovative digital banking solutions.
With a strong presence across major operational regions in India and a growing international footprint, ICICI Bank has consistently achieved notable milestones, such as being one of the first banks to launch internet banking in India. Its commitment to customer-centric services and technological advancements has solidified its market position, making it a trusted choice for millions of customers seeking reliable financial solutions.
+6 vs industry average
Icici Bank’s score of 43 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Icici Bank's reported carbon emissions
ICICI Bank, headquartered in India, operating in financial intermediation services (excluding insurance and pension funding), has reported its carbon emissions. For the fiscal year 2024, the bank's total emissions amounted to approximately 286 billion kg CO2e. This figure is comprised of approximately 25 million kg CO2e for Scope 1, approximately 101 million kg CO2e for Scope 2, and approximately 161.25 billion kg CO2e for Scope 3.
In fiscal year 2023, ICICI Bank reported total emissions of approximately 280 billion kg CO2e, with Scope 1 at approximately 23 million kg CO2e, Scope 2 at approximately 126 million kg CO2e, and Scope 3 emissions for business travel alone were approximately 17.7 million kg CO2e.
ICICI Bank has set a target to achieve carbon neutrality in its Scope 1 and Scope 2 emissions by fiscal year 2032. The bank's ESG reporting covers emissions from fiscal years 2019 through 2024, with Scope 3 data being reported more comprehensively from fiscal year 2024 onwards. The bank's commitment to environmental sustainability is evident in its reporting, with a focus on reducing its operational footprint.
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Icici Bank’s Climate Goals (2030 & 2050)
1 goal2032
1% reduction in all scopes
Target to become carbon neutral in Scope 1 and Scope 2 emissions by fiscal 2032
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 1 climate goals
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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Icici Bank
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