Jio Payments Bank Ltd. Sustainability Profile
Jio Payments Bank Ltd., a prominent player in the Indian fintech landscape, is headquartered in India and operates extensively across the country. Founded in 2016, the bank has quickly established itself within the digital banking sector, focusing on innovative financial solutions tailored for the modern consumer. As a subsidiary of Reliance Industries, Jio Payments Bank offers a range of services, including savings accounts, digital wallets, and payment solutions, all designed to enhance user convenience and accessibility. Its unique integration with the Jio ecosystem allows for seamless transactions and a user-friendly experience. With a commitment to financial inclusion, Jio Payments Bank has achieved significant milestones, positioning itself as a trusted name in the industry. Its dedication to leveraging technology for banking services sets it apart in a competitive market, making it a key player in India's digital transformation.
DitchCarbon Score
How does Jio Payments Bank Ltd.'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 Computer Services 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
Jio Payments Bank Ltd.'s score of 19 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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Jio Payments Bank Ltd., headquartered in India, currently does not have specific carbon emissions data available for recent years. The company is a current subsidiary of Jio Financial Services Limited, which may influence its climate-related initiatives and commitments. As of now, Jio Payments Bank Ltd. has not established any documented reduction targets or climate pledges. The absence of emissions data and reduction initiatives suggests that the company may still be in the early stages of developing a comprehensive climate strategy. Given the increasing focus on sustainability within the financial services sector, it is anticipated that Jio Payments Bank Ltd. will align its practices with industry standards in the future, potentially adopting frameworks such as the Science Based Targets initiative (SBTi) or participating in the Carbon Disclosure Project (CDP) through its parent company. Overall, while specific emissions figures and reduction commitments are not currently available, the corporate relationship with Jio Financial Services Limited may provide a pathway for future climate action and transparency.
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| 2024 | |
|---|---|
| Scope 1 | - |
| Scope 2 | 80,900 |
| Scope 3 | - |
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Jio Payments Bank Ltd.'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.
Jio Payments Bank Ltd. 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.
