India Post Payments Bank Limited
India Post Payments Bank Limited (IPPB), headquartered in India, is a pioneering entity in the banking sector, established in 2018. As a wholly-owned subsidiary of India Post, it operates across various regions, leveraging the extensive postal network to provide banking services to underserved populations. Focusing on financial inclusion, IPPB offers a range of core products, including savings accounts, money transfer services, and bill payments, all designed to be accessible and user-friendly. Its unique approach combines traditional banking with the vast reach of postal services, making it a significant player in the Indian banking landscape. With a commitment to innovation and customer service, IPPB has achieved notable milestones, positioning itself as a leader in the payments bank segment. Its dedication to enhancing financial literacy and accessibility continues to drive its growth and impact in the industry.
DitchCarbon Score
How does India Post Payments Bank Limited'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 Services Auxiliary to 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
India Post Payments Bank Limited's score of 21 is lower than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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India Post Payments Bank Limited's reported carbon emissions
In 2022, India Post Payments Bank Limited reported total carbon emissions of approximately 1,283,216,000 kg CO2e. This figure includes Scope 1 emissions of about 547,000 kg CO2e, Scope 2 emissions of approximately 1,144,641,000 kg CO2e, and Scope 3 emissions of around 140,044,000 kg CO2e. Comparatively, in 2021, the bank's total emissions were about 1,305,510,000 kg CO2e, with Scope 1 at approximately 553,000 kg CO2e, Scope 2 at around 1,169,146,000 kg CO2e, and Scope 3 at about 135,811,000 kg CO2e. In 2020, the total emissions were approximately 1,259,236,000 kg CO2e, comprising Scope 1 emissions of about 390,000 kg CO2e, Scope 2 emissions of around 1,066,386,000 kg CO2e, and Scope 3 emissions of approximately 192,459,000 kg CO2e. Despite these figures, India Post Payments Bank Limited has not set specific reduction targets or climate pledges, nor does it appear to have cascaded data from a parent organisation. The bank's emissions data reflects its operational impact, but further commitments to reduce its carbon footprint have not been disclosed.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 390,000 | 000,000 | 000,000 |
| Scope 2 | 1,066,386,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | 192,459,000 | 000,000,000 | 000,000,000 |
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.
India Post Payments Bank Limited 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.
