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 21 is lower than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Indian Overseas Bank's reported carbon emissions
In 2023, Indian Overseas Bank reported total carbon emissions of approximately 46,488,600 kg CO2e, comprising about 2,041,000 kg CO2e from Scope 1 and about 44,498,600 kg CO2e from Scope 2 emissions. The following year, 2024, emissions increased to approximately 42,936,130 kg CO2e, with Scope 1 emissions rising to about 6,443,630 kg CO2e and Scope 2 emissions decreasing to about 35,936,500 kg CO2e. Despite these figures, Indian Overseas Bank has not disclosed any specific reduction targets or initiatives aimed at mitigating their carbon footprint. The absence of a climate pledge or Science-Based Targets Initiative (SBTi) commitments indicates a need for further action in addressing climate change. As the bank continues to operate within the financial sector, it is essential for them to develop and implement robust strategies to reduce emissions and enhance sustainability practices.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 2,041,000 | 0,000,000 |
| Scope 2 | 44,498,600 | 00,000,000 |
| Scope 3 | - | - |
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 committed to any reduction initiatives 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.
