Prime Bank PLC.
Prime Bank PLC, headquartered in Dhaka, Bangladesh, is a prominent player in the banking and financial services industry. Established in 1999, the bank has made significant strides in providing a diverse range of financial solutions, including retail banking, corporate banking, and treasury services. With a strong presence across major operational regions in Bangladesh, Prime Bank is recognised for its commitment to customer-centric services and innovative banking solutions. The bank's core offerings, such as personal loans, credit cards, and SME financing, are designed to meet the evolving needs of its clientele, setting it apart in a competitive market. Notable achievements include a robust market position and a reputation for reliability, making Prime Bank PLC a trusted name in the financial sector.
DitchCarbon Score
How does Prime 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
Prime Bank PLC.'s score of 22 is lower than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Prime Bank PLC.'s reported carbon emissions
In 2023, Prime Bank PLC, headquartered in Bangladesh (BD), reported total carbon emissions of approximately 703,332,000 kg CO2e. This figure includes 574,005,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 7,785,000 kg CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity. Notably, there is no reported data for Scope 3 emissions. Comparatively, in 2020, the bank's emissions were significantly lower, with Scope 1 emissions at 148,660 kg CO2e and Scope 2 emissions at 2,369,610 kg CO2e. This indicates a substantial increase in emissions over the three-year period, highlighting the need for enhanced climate action. Despite the lack of specific reduction targets or initiatives, Prime Bank PLC is committed to addressing its carbon footprint. The bank has not disclosed any Science-Based Targets Initiative (SBTi) reduction targets or other formal climate pledges, which suggests an opportunity for future commitments to align with global climate goals. Overall, while Prime Bank PLC has made strides in reporting its emissions, the significant increase in carbon output underscores the importance of establishing clear reduction strategies and targets to mitigate climate impact effectively.
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| 2019 | 2020 | 2023 | |
|---|---|---|---|
| Scope 1 | 218,160 | 000,000 | 000,000,000 |
| Scope 2 | 2,194,200 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - |
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.
Prime Bank PLC. 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.
