Indian Bank Sustainability Profile
Indian Bank, a prominent player in the Indian banking sector, is headquartered in Chennai, Tamil Nadu. Established in 1907, the bank has a rich history and has evolved significantly over the years, marking key milestones such as its nationalisation in 1969. With a strong presence across various regions in India, Indian Bank offers a comprehensive range of financial services, including retail banking, corporate banking, and treasury operations. The bank is renowned for its customer-centric approach, providing unique products such as home loans, personal loans, and various deposit schemes tailored to meet diverse client needs. As a leading public sector bank, Indian Bank has consistently demonstrated its commitment to innovation and financial inclusion, earning accolades for its robust performance and service excellence in the competitive banking landscape.
DitchCarbon Score
How does Indian 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
Indian Bank's score of 16 is lower than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Indian Bank's reported carbon emissions
As of the latest available data, Indian Bank does not report any specific carbon emissions figures, indicating a lack of disclosed emissions data. Consequently, there are no recorded Scope 1, 2, or 3 emissions figures to analyse. Furthermore, the bank has not established any documented reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges. In the absence of specific emissions data, it is essential to note that Indian Bank's climate commitments and initiatives remain unspecified. This lack of transparency may reflect broader industry trends where financial institutions are increasingly being called upon to disclose their environmental impact and set measurable targets for carbon reduction. Overall, Indian Bank's current climate strategy appears to be underdeveloped, with no clear emissions data or reduction initiatives reported. This situation highlights the need for enhanced climate action and accountability within the banking sector, particularly as stakeholders increasingly prioritise sustainability and environmental responsibility.
How Carbon Intensive is Indian Bank's Industry?
How Carbon Intensive is Indian Bank's Location?
Indian Bank's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Indian Bank has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
