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 71% 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 have available carbon emissions data for the most recent year. As a result, specific figures regarding their total emissions, including Scope 1, Scope 2, and Scope 3 emissions, are not provided. Additionally, there are no documented reduction targets or climate pledges from the bank, indicating a lack of formal commitments to reduce carbon emissions at this time. The absence of emissions data and reduction initiatives suggests that Mercantile Bank PLC may still be in the early stages of developing a comprehensive climate strategy. As the financial sector increasingly prioritises sustainability, it is essential for institutions like Mercantile Bank PLC to establish clear climate commitments and track their emissions to align with industry standards and expectations.
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.
