Indusind Bank
IndusInd Bank Limited, commonly referred to as IndusInd Bank, is a prominent private sector bank headquartered in Mumbai, India. Established in 1994, the bank has rapidly expanded its footprint across major operational regions, including metropolitan cities and rural areas, offering a diverse range of financial services. Operating within the banking and financial services industry, IndusInd Bank provides a comprehensive suite of products, including retail banking, corporate banking, and wealth management. Its unique offerings, such as customised financial solutions and innovative digital banking services, set it apart in a competitive market. With a strong market position, IndusInd Bank has achieved significant milestones, including recognition for its customer service excellence and technological advancements. The bank continues to play a vital role in India's economic landscape, catering to the evolving needs of its diverse clientele.
DitchCarbon Score
How does Indusind 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
Indusind Bank's score of 55 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Indusind Bank's reported carbon emissions
In 2023, IndusInd Bank reported total carbon emissions of approximately 72,422,000 kg CO2e, comprising 19,074,000 kg CO2e from Scope 1, 53,348,000 kg CO2e from Scope 2, and 6,592,000 kg CO2e from Scope 3 emissions. This reflects a commitment to transparency in their environmental impact, although specific reduction targets or initiatives have not been disclosed. Over the years, the bank has shown fluctuations in emissions, with a notable increase in total emissions from about 55,264,000 kg CO2e in 2013 to the current figure. The emissions intensity per revenue has decreased, indicating a potential improvement in operational efficiency. For instance, in 2023, the GHG emissions intensity was approximately 0.000281 kg CO2e per revenue crore (₹). IndusInd Bank has not set specific reduction targets or joined any formal climate pledges, which places them in a context where many financial institutions are increasingly committing to science-based targets and sustainability initiatives. The absence of defined reduction goals may impact their competitive positioning in an industry that is progressively prioritising climate action.
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| 2012 | 2013 | 2014 | 2015 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 2,188,085 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 18,099,321 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 945,137 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
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.
Indusind 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.
