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Public Profile
Financial Intermediation
BD
updated 6 months ago

IFIC Bank PLC

Company website

IFIC Bank PLC, officially known as International Finance Investment and Commerce Bank Limited, is a prominent financial institution headquartered in Dhaka, Bangladesh. Established in 1999, the bank has made significant strides in the banking sector, offering a diverse range of services across retail, corporate, and investment banking. With a strong presence in major operational regions throughout Bangladesh, IFIC Bank is renowned for its innovative financial products, including personal loans, corporate financing, and remittance services. The bank's commitment to customer-centric solutions and digital banking initiatives has positioned it as a leader in the industry. Recognised for its robust financial performance and customer satisfaction, IFIC Bank continues to enhance its market position through strategic partnerships and technological advancements, making it a trusted choice for individuals and businesses alike.

DitchCarbon Score

How does IFIC Bank PLC'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.

22

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.

27

Industry Benchmark

IFIC Bank PLC's score of 22 is lower than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.

21%

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IFIC Bank PLC's reported carbon emissions

IFIC Bank PLC, headquartered in Bangladesh (BD), currently does not report any specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. Additionally, there are no documented reduction targets or climate pledges associated with the bank. As a result, IFIC Bank PLC's climate commitments and initiatives remain unclear, and there is no inherited emissions data from a parent or related organization. The bank's approach to sustainability and carbon management is not detailed in the available information, leaving a gap in understanding its environmental impact and commitments. In the context of the banking industry, many institutions are increasingly adopting science-based targets and sustainability initiatives to mitigate climate change. However, without specific data or commitments from IFIC Bank PLC, it is challenging to assess its position within this evolving landscape.

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. IFIC Bank PLC's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for IFIC Bank PLC is in BD, which has a medium grid carbon intensity relative to other regions.

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.

IFIC Bank PLC 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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