Kotak Mahindra Bank

Kotak Mahindra Bank, headquartered in India and operating within financial intermediation services, demonstrates a commitment to climate action through its emissions reporting and initiatives.

For the fiscal year 2026, Kotak Mahindra Bank reported total emissions of approximately 176.18 million kg CO2e. This figure comprises Scope 1 emissions of about 14.17 million kg CO2e, Scope 2 emissions of approximately 82.65 million kg CO2e, and Scope 3 emissions of about 78.35 million kg CO2e. The bank also reported Scope 1 and 2 emissions intensity of 0.0123 kg CO2e per unit of revenue for FY2026.

In FY2025, the bank's total emissions were approximately 142.38 million kg CO2e, with Scope 1 at 14.70 million kg CO2e, Scope 2 at 87.29 million kg CO2e, and Scope 3 at 42.40 million kg CO2e. Emissions intensity for Scope 1 and 2 was reported as 0.0117 kg CO2e per unit of revenue.

Prior to FY2025, emissions reporting varied. For FY2024, while specific total emissions were not provided, the bank reported Scope 1 and 2 emission intensity figures, including about 1210 kg CO2e per employee. In FY2023, total emissions were approximately 118.73 million kg CO2e, encompassing Scope 1 at 12.21 million kg CO2e, Scope 2 at 80.48 million kg CO2e, and various Scope 3 categories summing to approximately 26.04 million kg CO2e. The Scope 1 and 2 emission intensity was 0.0143 kg CO2e per unit of revenue, with an employee-based intensity of 1110 kg CO2e per employee.

For FY2022, total emissions were approximately 103.88 million kg CO2e, including Scope 1 at 7.82 million kg CO2e, Scope 2 at 76.06 million kg CO2e, and Scope 3 categories totalling approximately 20.00 million kg CO2e. The Scope 1 and 2 emission intensity was 0.0140 kg CO2e per unit of revenue, with an employee-based intensity of 1060 kg CO2e per employee.

Earlier reporting in FY2021 shows Scope 1 emissions of approximately 1.21 million kg CO2e and Scope 2 emissions of about 57.48 million kg CO2e, with Scope 3 data not fully disclosed. FY2020 reported Scope 1 emissions of 0.09 million kg CO2e and Scope 2 emissions of approximately 74.83 million kg CO2e. In FY2019, emissions included Scope 1 at 0.07 million kg CO2e, Scope 2 at 77.75 million kg CO2e, and Scope 3 categories totalling around 4.93 million kg CO2e.

Kotak Mahindra Bank has not disclosed specific quantitative reduction targets or SBTi commitments in the provided information. However, its consistent reporting of emissions across various scopes indicates a growing awareness and engagement with climate-related performance.