Kotak Mahindra Bank
Kotak Mahindra Bank, a prominent player in the Indian banking sector, is headquartered in Mumbai, India. Founded in 1985, the bank has evolved from a financial services company into a full-fledged commercial bank, officially receiving its banking licence in 2003. With a strong presence across major operational regions in India, Kotak Mahindra Bank offers a diverse range of financial products and services, including retail banking, corporate banking, and wealth management. The bank is renowned for its innovative digital banking solutions and customer-centric approach, setting it apart in a competitive market. As one of the leading private sector banks in India, Kotak Mahindra Bank has achieved significant milestones, including a robust market position and numerous awards for excellence in service and technology. Its commitment to financial inclusion and sustainable growth continues to drive its success in the industry.
DitchCarbon Score
How does Kotak Mahindra 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
Kotak Mahindra Bank's score of 51 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Kotak Mahindra Bank's reported carbon emissions
In 2023, Kotak Mahindra Bank reported total carbon emissions of approximately 11890000 kg CO2e from Scope 1 and 69466000 kg CO2e from Scope 2, alongside 73842900 kg CO2e from Scope 3 emissions. This indicates a significant commitment to tracking and managing their carbon footprint across all scopes of emissions. The bank's emissions data shows a trend of increasing emissions over the years, with total emissions in 2022 recorded at about 76064000 kg CO2e for Scope 2 and 7820000 kg CO2e for Scope 1. Notably, the bank has not set specific reduction targets or initiatives as part of their climate commitments, which may reflect an area for future development in their sustainability strategy. Kotak Mahindra Bank's emissions intensity metrics indicate a focus on improving efficiency, with emissions per rupee of turnover adjusted for Purchasing Power Parity (PPP) reported at 0.00398 in 2023. However, the absence of defined reduction targets suggests that while the bank is actively measuring its emissions, it may need to enhance its climate action framework to align with industry standards and expectations. Overall, Kotak Mahindra Bank's emissions data highlights the importance of transparency in corporate sustainability efforts, while also indicating potential opportunities for setting ambitious climate goals in the future.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 56,820 | - | - | 000,000 | 000,000 | 00,000 | 00,000 | 0,000,000 | 0,000,000 | 00,000,000 | 0,000,000 |
| Scope 2 | 14,003,280 | - | - | 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 | - | - | - | - | - | 0,000,000 | 0,000,000 | 000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
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.
Kotak Mahindra 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.
