Idbl Bank Sustainability Profile
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 26 is lower than 60% 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 at about 13,832,240,000,000 kg CO2e. This data reflects the bank's operational impact on climate change, with a combined total of Scope 1 and Scope 2 emissions indicating a substantial carbon footprint. For the previous year, 2023, IDBI Bank's total emissions were approximately 4,295,000 kg CO2e, comprising 495,000 kg CO2e from Scope 1, 1,200,000 kg CO2e from Scope 2, and 2,300,000 kg CO2e from Scope 3, specifically from employee commuting. This demonstrates a more comprehensive approach to emissions reporting, including Scope 3 emissions for the first time. Despite these figures, IDBI Bank has not set specific reduction targets or climate pledges, nor have they cascaded any targets from parent or related organisations. The absence of formal commitments suggests a need for enhanced climate strategies within the bank's operations. Overall, IDBI Bank's emissions data highlights the importance of ongoing monitoring and potential for future climate commitments to align with industry standards and expectations.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 580 | 000,000 | 000,000,000,000 |
| Scope 2 | 3,508,130 | 0,000,000 | 00,000,000,000,000 |
| Scope 3 | - | 0,000,000 | - |
How Carbon Intensive is Idbl Bank's Industry?
How Carbon Intensive is Idbl Bank's Location?
Idbl Bank's Scope 3 Categories Breakdown
Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 58% of total emissions under the GHG Protocol, with "Employee Commuting" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Idbl Bank's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Idbl Bank has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
