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 reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Icici Bank's reported carbon emissions
ICICI Bank, headquartered in India and operating in financial intermediation services (excluding insurance and pension funding), has outlined significant climate commitments and reported its carbon emissions. For the fiscal year 2024, the bank reported total Scope 1 and Scope 2 emissions of approximately 126 million kg CO2e. This comprised around 25 million kg CO2e for Scope 1 and approximately 101 million kg CO2e for Scope 2. Scope 3 emissions for the same period were approximately 161.25 million kg CO2e.
In fiscal year 2023, ICICI Bank's Scope 1 and Scope 2 emissions totalled approximately 149 million kg CO2e, with Scope 1 emissions at around 23 million kg CO2e and Scope 2 emissions at approximately 126 million kg CO2e. Scope 3 emissions for this year included business travel, contributing 17.735 million kg CO2e.
Looking at prior years, Scope 1 and 2 emissions for fiscal year 2022 were approximately 142 million kg CO2e, consisting of 26 million kg CO2e for Scope 1 and 116 million kg CO2e for Scope 2. In fiscal year 2021, Scope 1 and 2 emissions stood at approximately 137 million kg CO2e, with Scope 1 at 23 million kg CO2e and Scope 2 at 114 million kg CO2e.
ICICI Bank's climate strategy includes a target to achieve carbon neutrality in Scope 1 and Scope 2 emissions by fiscal year 2032. This target, set for the near term, is part of a broader commitment to environmental responsibility within the financial sector. The bank's disclosures indicate that while Scope 1 and 2 data are consistently reported, Scope 3 emissions data, particularly for purchased goods and services, is often a missing data point in their reporting.
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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
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.
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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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