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 lower than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Punjab National Bank's reported carbon emissions
In 2023, Punjab National Bank (PNB) reported significant carbon emissions, totalling approximately 78,660,000 kg CO2e for Scope 1, about 208,860,000 kg CO2e for Scope 2, and a staggering 96,106,674,000 kg CO2e for Scope 3 emissions. The Scope 3 emissions primarily stem from investments, which accounted for about 96,090,123,000 kg CO2e, alongside business travel emissions of approximately 8,191,000 kg CO2e and fuel and energy-related activities contributing about 8,360,000 kg CO2e. In 2024, PNB's emissions showed a slight increase, with Scope 1 emissions rising to about 84,940,000 kg CO2e, Scope 2 emissions decreasing to approximately 197,089,000 kg CO2e, and Scope 3 emissions escalating to around 100,640,004,000 kg CO2e. This included investments at about 100,538,098,000 kg CO2e, business travel emissions of approximately 11,336,000 kg CO2e, and employee commuting emissions of about 81,787,000 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 or climate pledges indicates a need for enhanced commitment towards sustainability and climate action within the banking sector.
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Add to project| 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 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.
