Mercantile Bank PLC. Sustainability Profile
Mercantile Bank PLC, a prominent financial institution headquartered in Bangladesh, has established itself as a key player in the banking sector since its inception in 1999. With a strong presence across major operational regions, the bank offers a diverse range of services, including retail banking, corporate banking, and treasury operations. Renowned for its customer-centric approach, Mercantile Bank provides unique products such as innovative loan solutions and tailored investment services, catering to both individual and business clients. Over the years, the bank has achieved significant milestones, positioning itself as a trusted partner in the financial landscape of Bangladesh. With a commitment to excellence and a focus on sustainable growth, Mercantile Bank PLC continues to enhance its market position, contributing to the economic development of the region.
DitchCarbon Score
How does Mercantile Bank PLC.'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
Mercantile Bank PLC.'s score of 23 is lower than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Mercantile Bank PLC.'s reported carbon emissions
Mercantile Bank PLC, headquartered in Bangladesh (BD), currently does not report any carbon emissions data, as indicated by the absence of specific figures in kg CO2e. Additionally, there are no documented reduction targets or climate pledges associated with the bank. This lack of data suggests that Mercantile Bank PLC may not have established formal commitments to reduce its carbon footprint or engage in climate initiatives at this time. In the context of the banking industry, many institutions are increasingly adopting science-based targets and sustainability practices to mitigate climate impact. However, without specific emissions data or commitments, it is unclear how Mercantile Bank PLC aligns with these industry standards. As the climate landscape evolves, it will be essential for the bank to consider implementing measurable targets and strategies to address its environmental impact.
How Carbon Intensive is Mercantile Bank PLC.'s Industry?
How Carbon Intensive is Mercantile Bank PLC.'s Location?
Mercantile Bank PLC.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Mercantile Bank PLC. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
