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ICICI Bank, formally known as Industrial Credit and Investment Corporation of India, stands as a leading financial institution headquartered in Mumbai, IN, with a significant global presence across 17 countries. Established in 1994, it operates primarily within the Commercial Banking industry, offering a comprehensive suite of financial products and services.
This encompasses retail banking, corporate banking, investment banking, and insurance, all designed to cater to diverse customer needs. ICICI Bank's innovative digital solutions and extensive branch network solidify its position as a key player in India's financial landscape. Its commitment to customer-centricity and technological advancement distinguishes its offerings in a competitive market.
49
DitchCarbon score
-11 vs industry average
Icici Bank’s score of 49 is lower than 42% 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
Very Low
Commercial Banking is among the least carbon-intensive industries
Industry performance
0.108
20182025
The Commercial Banking industry has reduced its overall emissions by 36% since 2018
Emissions trajectory 2020 – 2029
2020202120222023202420252026202720282029
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Icici Bank's reported carbon emissions
ICICI Bank's Carbon Emissions & Climate Commitments
In 2024, ICICI Bank, a commercial banking institution headquartered in India, reported total emissions of approximately 287.25 million kg CO2e. This includes Scope 1 emissions of 25 million kg CO2e, Scope 2 emissions of 101 million kg CO2e, and Scope 3 emissions of 161.25 million kg CO2e.
Looking back, the bank's emissions were approximately:
- 2023: Scope 1: 23 million kg CO2e; Scope 2: 126 million kg CO2e; Scope 3 (business travel only): 17.735 million kg CO2e.
- 2022: Scope 1: 26 million kg CO2e; Scope 2: 116 million kg CO2e.
- 2021: Scope 1: 23 million kg CO2e; Scope 2: 114 million kg CO2e.
- 2020: Scope 1: 21 million kg CO2e; Scope 2: 128 million kg CO2e.
- 2019: Scope 1: 16 million kg CO2e; Scope 2: 127 million kg CO2e.
ICICI Bank has set a near-term target to achieve carbon neutrality for its Scope 1 and Scope 2 emissions by fiscal year 2032.
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Icici Bank’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
See details
Not active
Carbon Disclosure Project
2025 disclosureSee details
Not active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
See details
Not active
RE 100
See details
Not active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Icici Bank11 days ago
49
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