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 23 is lower than 69% 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 2024, IDBI Bank reported significant carbon emissions, with Scope 1 emissions totalling approximately 285,970,000,000 kg CO2e and Scope 2 emissions reaching about 13,832,240,000,000 kg CO2e. This data highlights the bank's substantial carbon footprint, particularly in Scope 2, which typically includes indirect emissions from purchased electricity. For the previous year, 2023, IDBI Bank's emissions were considerably lower, with Scope 1 emissions at about 1,070 kg CO2e and Scope 2 emissions at approximately 3,479,320 kg CO2e. This indicates a notable increase in emissions in 2024 compared to 2023. Despite the lack of specific reduction targets or commitments disclosed, IDBI Bank has reported its emissions intensity, which is approximately 0.000014 kg CO2e per rupee of turnover for Scope 1 and 2 combined in 2023. The bank has not provided data on Scope 3 emissions, which encompass other indirect emissions in the value chain. Overall, while IDBI Bank's emissions data reveals a significant carbon footprint, the absence of clear reduction initiatives or climate pledges suggests an opportunity for the bank to enhance its climate commitments and strategies moving forward.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 580 | 0,000 | 000,000,000,000 |
| Scope 2 | 3,508,130 | 0,000,000 | 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.
