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Indian Bank, a prominent player in the financial intermediation services sector, is headquartered in Chennai, India. Established in 1907, the bank has a rich history marked by significant milestones, including its merger with Allahabad Bank in 2020, which expanded its operational footprint across the country.
Specialising in a range of services such as retail banking, corporate banking, and treasury operations, Indian Bank is known for its customer-centric approach and innovative financial solutions. Its unique offerings include a variety of loan products, savings accounts, and digital banking services tailored to meet diverse customer needs.
With a strong market position, Indian Bank has consistently been recognised for its robust performance and commitment to financial inclusion, making it a trusted choice for millions of customers across India.
22
DitchCarbon score
-15 vs industry average
Indian Bank’s score of 22 is lower than 15% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2026
2020202120222023202420252026
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Indian Bank's reported carbon emissions
Indian Bank, a financial intermediation services provider headquartered in India, reported total Scope 1 and Scope 2 emissions of approximately 128.66 million kg CO2e in 2023. This comprised about 3.2 million kg CO2e from Scope 1 emissions and approximately 125.46 million kg CO2e from Scope 2 emissions. In the preceding year, 2022, their total Scope 1 and Scope 2 emissions were around 116.96 million kg CO2e, with Scope 1 contributing approximately 2.26 million kg CO2e and Scope 2 accounting for about 114.7 million kg CO2e. The bank has not disclosed Scope 3 emissions data. Indian Bank has not publicly announced any specific carbon reduction targets or commitments, nor does it participate in initiatives such as the Science Based Targets initiative (SBTi) or the Climate Pledge.
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Indian Bank’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Indian Bank yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Not active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Indian Bank6 days ago
22
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