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 35 is higher than 60% 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 2024, Punjab National Bank (PNB) reported total carbon emissions of approximately 109,000,000 kg CO2e, with significant contributions from Scope 1, Scope 2, and Scope 3 emissions. Specifically, Scope 1 emissions were about 8,494,000 kg CO2e, while Scope 2 emissions totalled approximately 197,089,000 kg CO2e. The majority of emissions stemmed from Scope 3, amounting to around 100,640,000,000 kg CO2e, which includes investments (approximately 100,538,098,000 kg CO2e), employee commuting (about 81,787,000 kg CO2e), and business travel (approximately 11,336,000 kg CO2e). In 2023, PNB's emissions were slightly lower, with total emissions of about 96,107,000,000 kg CO2e. Scope 1 emissions were reported at approximately 7,866,000 kg CO2e, and Scope 2 emissions were around 208,860,000 kg CO2e. The Scope 3 emissions for that year were approximately 96,106,674,000 kg CO2e, primarily driven by investments. Despite these substantial emissions figures, PNB has not publicly committed to specific reduction targets or initiatives, nor have they disclosed any climate pledges. The bank's emissions data is not cascaded from a parent company, indicating that these figures are independently reported by Punjab National Bank. Overall, while PNB has made strides in transparency regarding its emissions, the absence of defined reduction targets highlights an area for potential improvement in its climate commitments.
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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.
