Punjab National Bank
Punjab National Bank (PNB), one of India's leading financial institutions, is headquartered in New Delhi. Established in 1894, PNB has a rich history and has played a pivotal role in the Indian banking sector. The bank operates extensively across India, offering a wide range of services including retail banking, corporate banking, and international banking. With a focus on customer-centric solutions, PNB provides unique products such as personal loans, home loans, and various investment options tailored to meet diverse financial needs. The bank's commitment to innovation and digital banking has positioned it as a key player in the industry, earning it a strong reputation among customers and stakeholders alike. Notably, PNB has achieved significant milestones, including its status as one of the largest public sector banks in India, reflecting its robust market presence and dedication to financial inclusion.
DitchCarbon Score
How does Punjab National Bank'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
Punjab National Bank's score of 33 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Punjab National Bank's reported carbon emissions
In 2023, Punjab National Bank (PNB) reported significant carbon emissions, totalling approximately 96,106,674,000 kg CO2e across all scopes. This includes about 7,866,000 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and around 208,860,000 kg CO2e from Scope 2 emissions, representing indirect emissions from the generation of purchased electricity, steam, heating, and cooling. The majority of their emissions, approximately 96,106,740,000 kg CO2e, fall under Scope 3, which encompasses all other indirect emissions, including those from investments and business travel. For 2024, PNB's emissions increased slightly, with total emissions reaching about 100,640,004,000 kg CO2e. This included approximately 8,494,000 kg CO2e from Scope 1 and around 197,089,000 kg CO2e from Scope 2. The Scope 3 emissions also saw a rise, amounting to about 100,640,000,000 kg CO2e. Despite these figures, PNB has not disclosed any specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented reduction strategies suggests that the bank may need to enhance its climate commitments to align with industry standards and expectations for sustainability.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 7,866,000 | 0,000,000 |
| Scope 2 | 208,860,000 | 000,000,000 |
| Scope 3 | 96,106,674,000 | 000,000,000,000 |
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.
Punjab National Bank 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.
