Punjab National Bank Sustainability Profile
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 55% 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 100,640,004,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 99% of the total. Specifically, Scope 1 emissions were about 8,494,000 kg CO2e, and Scope 2 emissions were approximately 197,089,000 kg CO2e. The breakdown of Scope 3 emissions includes investments at about 100,538,098,000 kg CO2e, employee commuting at approximately 81,787,000 kg CO2e, and business travel at about 11,336,000 kg CO2e. In 2023, PNB's emissions were slightly lower, with total emissions of about 96,106,674,000 kg CO2e. Scope 1 emissions were reported at approximately 7,866,000 kg CO2e, while Scope 2 emissions were about 208,860,000 kg CO2e. The Scope 3 emissions for that year were approximately 96,106,674,000 kg CO2e, with investments contributing about 96,090,123,000 kg CO2e. Despite these substantial emissions figures, PNB has not set 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 these figures are independently reported by Punjab National Bank. Overall, PNB's emissions profile highlights the significant impact of their investment activities and employee commuting on their overall carbon footprint, underscoring the need for targeted strategies to address these areas in future 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 |
How Carbon Intensive is Punjab National Bank's Industry?
How Carbon Intensive is Punjab National Bank's Location?
Punjab National Bank's Scope 3 Categories Breakdown
Punjab National Bank's Scope 3 emissions, which increased by 5% last year and increased by approximately 5% since 2023, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 100% of Scope 3 emissions.
Top Scope 3 Categories
Punjab National Bank's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Punjab National Bank has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
