Indian Overseas Bank
Indian Overseas Bank (IOB), headquartered in Chennai, India, is a prominent player in the banking and financial services industry. Established in 1937, IOB has a rich history marked by significant milestones, including its expansion into international markets and the introduction of innovative banking solutions. The bank operates extensively across India and has a growing presence in various overseas regions, catering to a diverse clientele. IOB offers a comprehensive range of products and services, including personal banking, corporate banking, and international banking, distinguished by their customer-centric approach and competitive interest rates. With a strong market position, Indian Overseas Bank has received accolades for its commitment to financial inclusion and digital banking initiatives, making it a trusted choice for millions of customers seeking reliable banking solutions.
DitchCarbon Score
How does Indian Overseas 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 Overseas Bank's score of 16 is lower than 89% 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 Overseas Bank's reported carbon emissions
Indian Overseas Bank, headquartered in India, currently does not have specific carbon emissions data available for the most recent year. As such, there are no reported figures for their Scope 1, 2, or 3 emissions in kg CO2e. The bank has not outlined any formal reduction targets or commitments through initiatives such as the Science Based Targets initiative (SBTi) or other climate pledges. This absence of data and commitments suggests that Indian Overseas Bank may still be in the early stages of developing a comprehensive climate strategy. In the context of the banking industry, many institutions are increasingly focusing on sustainability and carbon reduction. However, without specific emissions data or reduction initiatives, Indian Overseas Bank's current climate impact and commitments remain unclear.
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.
Indian Overseas 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.
