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 18 is lower than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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 590 kg CO2e and Scope 2 emissions were 3,908,720 kg CO2e. The bank has disclosed emissions data for both Scope 1 and Scope 2, but there is currently no information available regarding Scope 3 emissions. Despite the substantial emissions figures, IDBI Bank has not set specific reduction targets or climate pledges, indicating a potential area for improvement in their climate commitments. In terms of emissions intensity, the bank reported a Scope 1 and 2 emissions factor of approximately 0.0026 kg CO2e per rupee of turnover in 2023, down from 0.0033 kg CO2e in 2022. This suggests a slight improvement in efficiency relative to revenue generation. Overall, while IDBI Bank has made strides in tracking its emissions, the absence of defined reduction targets highlights the need for a more robust climate strategy moving forward.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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 committed to any reduction initiatives 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.
