Prime Bank PLC. Sustainability Profile
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 25 is lower than 66% 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 2024, Prime Bank PLC reported total carbon emissions of approximately 55,630 kg CO2e. This figure includes Scope 1 emissions of about 3,330 kg CO2e, primarily from direct fuel combustion, and Scope 2 emissions of approximately 1,960 kg CO2e, attributed to purchased electricity. Notably, Scope 3 emissions, which encompass indirect emissions from activities such as business travel and employee commuting, accounted for about 50,340 kg CO2e, with significant contributions from employee commuting (approximately 27,910 kg CO2e) and business travel (about 22,250 kg CO2e). In 2023, the bank's total emissions were significantly higher at approximately 703,332,000 kg CO2e, with Scope 1 emissions at about 574,005,000 kg CO2e and Scope 2 emissions at approximately 7,785,000 kg CO2e. The absence of Scope 3 data for that year indicates a potential area for future reporting and improvement. Despite these emissions figures, Prime Bank PLC has not publicly committed to specific reduction targets or initiatives, as indicated by the lack of documented reduction targets or SBTi commitments. The bank's climate strategy remains under development, with no formal climate pledges currently in place. Overall, while Prime Bank PLC has made strides in emissions reporting, the absence of reduction commitments highlights an opportunity for the bank to enhance its climate action framework and align with industry standards for sustainability.
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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 | - | - | - |
How Carbon Intensive is Prime Bank PLC.'s Industry?
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Prime 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.
Prime 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.
