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 49 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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, with an additional 73842900 kg CO2e from Scope 3 emissions. This reflects a comprehensive approach to measuring their carbon footprint across all scopes, including direct emissions (Scope 1), indirect emissions from energy consumption (Scope 2), and other indirect emissions (Scope 3). The bank's emissions have varied over the years, with significant figures such as 58922000 kg CO2e in 2021 and 22540000 kg CO2e in 2019. However, there are currently no specific reduction targets or initiatives disclosed in their climate commitments, indicating a potential area for improvement in their sustainability strategy. Kotak Mahindra Bank's emissions intensity has been reported at 1110 kg CO2e per employee in 2023, suggesting a focus on operational efficiency. The bank's commitment to transparency is evident through its disclosures, although further details on specific reduction initiatives or targets would enhance its climate action narrative.
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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 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.
