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 79% 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 primarily stem from mobile combustion and fugitive emissions, and 7,785,000 kg CO2e from Scope 2 emissions related to electricity usage. 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, particularly in Scope 1 emissions. Despite the increase in emissions, Prime Bank PLC has not disclosed any specific reduction targets or initiatives as part of their climate commitments. The bank's emissions data is not cascaded from any parent organization, indicating that it operates independently in its reporting and climate strategy. Overall, while Prime Bank PLC has made strides in transparency regarding its emissions, the lack of reduction targets or commitments suggests an area for potential improvement in their climate strategy.
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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.
