Kotak Mahindra Bank

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.