Idbl Bank
IDBI Bank, officially known as Industrial Development Bank of India, is a prominent financial institution headquartered in Mumbai, India. Established in 1964, IDBI Bank has evolved into a key player in the banking sector, offering a diverse range of services including retail banking, corporate banking, and treasury operations. With a strong presence across major operational regions in India, IDBI Bank is recognised for its innovative financial products, such as customised loan solutions and digital banking services. The bank has achieved significant milestones, including its transformation into a universal bank in 2005, which has enhanced its market position. IDBI Bank's commitment to customer-centric services and robust financial solutions has earned it a reputable standing in the industry, making it a preferred choice for both individual and corporate clients.
DitchCarbon Score
How does Idbl 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
Idbl Bank's score of 20 is lower than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Idbl Bank's reported carbon emissions
In 2023, IDBI Bank reported significant carbon emissions, with Scope 1 emissions amounting to approximately 580,000,000 kg CO2e and Scope 2 emissions reaching about 3,508,130,000,000 kg CO2e. This reflects a notable increase in emissions compared to 2022, where Scope 1 emissions were around 590 kg CO2e and Scope 2 emissions totalled approximately 3,908,720 kg CO2e. The bank has disclosed emissions data for both Scope 1 and Scope 2, but there is no available data for Scope 3 emissions. Despite the increase in emissions, IDBI Bank has not set specific reduction targets or initiatives as part of their climate commitments. The emissions intensity per rupee of turnover for 2023 was approximately 0.000014 kg CO2e, indicating a focus on revenue efficiency in relation to emissions. Overall, while IDBI Bank has made strides in transparency regarding their emissions, the absence of defined reduction targets suggests a need for further commitment to climate action.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 590 | 000,000,000 | 000,000,000,000 |
| Scope 2 | 3,908,720 | 0,000,000,000,000 | 00,000,000,000,000 |
| 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.
Idbl Bank is not participating in any of the initiatives that 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.
