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 26 is lower than 51% 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 approximately 14,118,210,000,000 kg CO2e for Scope 1 and Scope 2 emissions. For the previous year, 2023, IDBI Bank's emissions were considerably lower, with Scope 1 emissions at 495,000 kg CO2e, Scope 2 emissions at 1,200,000 kg CO2e, and Scope 3 emissions from employee commuting contributing an additional 2,300,000 kg CO2e. The total emissions for 2023 amounted to approximately 4,295,000 kg CO2e, indicating a more modest operational footprint compared to 2024. IDBI Bank has not set specific reduction targets or climate pledges, nor does it report any initiatives under the Science Based Targets initiative (SBTi). The absence of formal reduction commitments suggests a need for enhanced climate strategies within the organisation. The emissions data is not cascaded from any parent organisation, indicating that IDBI Bank's reporting is independent. The bank's emissions intensity metrics reveal that in 2023, the total Scope 1 and Scope 2 emissions per rupee of turnover were approximately 0.000014 kg CO2e, and the emissions intensity per full-time employee was about 830 kg CO2e. Overall, while IDBI Bank has made strides in emissions reporting, the lack of reduction targets highlights an opportunity for the bank to strengthen its climate commitments and align with industry standards for sustainability.
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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 | - |
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.
