Public Profile

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.

33

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.

26

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.

83%

Punjab National Bank's reported carbon emissions

In 2024, Punjab National Bank (PNB) reported total carbon emissions of approximately 100,640,004,000 kg CO2e, with emissions distributed across various scopes. Specifically, Scope 1 emissions accounted for about 8,494,000 kg CO2e, while Scope 2 emissions were approximately 197,089,000 kg CO2e. The majority of emissions stemmed from Scope 3, which included significant contributions from investments (about 100,538,098,000 kg CO2e) and business travel (approximately 11,000,000 kg CO2e). In 2023, PNB's total emissions were slightly lower at about 96,106,674,000 kg CO2e, with Scope 1 emissions at approximately 7,866,000 kg CO2e and Scope 2 emissions at around 208,860,000 kg CO2e. The bank has not disclosed any specific reduction targets or initiatives, indicating a lack of formal commitments to reduce emissions at this time. Overall, while PNB has made strides in tracking its carbon footprint, the absence of defined reduction targets suggests an opportunity for the bank to enhance its climate commitments and align with industry standards for sustainability.

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20232024
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

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Punjab National Bank's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. Punjab National Bank is headquartered in IN, which has a rank of very high, indicating very high grid carbon 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 committed to any reduction initiatives 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
Carbon Disclosure Project
The Climate Pledge
UN Global Compact

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