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 30 is higher than 51% 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 2024, Kotak Mahindra Bank reported total carbon emissions of approximately 84,039,000 kg CO2e for Scope 1, 85,788,900 kg CO2e for Scope 2, and 47,005,300 kg CO2e for Scope 3 emissions. This reflects a significant reduction from 2023, where emissions were approximately 11,890,000 kg CO2e (Scope 1), 69,466,000 kg CO2e (Scope 2), and 73,842,900 kg CO2e (Scope 3). The bank's emissions data is not cascaded from any parent organisation, indicating that these figures are independently reported. Despite the substantial emissions, there are currently no specific reduction targets or initiatives outlined in their climate commitments. Kotak Mahindra Bank's commitment to addressing climate change is evident through its participation in the Carbon Disclosure Project (CDP), although no specific science-based targets (SBTi) have been established. The bank continues to monitor and disclose its emissions, contributing to transparency in its environmental impact.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 56,820 | - | - | - | - | 00,000 | 00,000 | 0,000,000 | 0,000,000 | 00,000,000 |
| Scope 2 | 14,003,280 | - | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | 0,000,000 | - | - | 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.
