Punjab National Bank

Punjab National Bank's reported carbon emissions

In 2024, Punjab National Bank reported total emissions of approximately 100.6 billion kg CO2e, comprising 8,494,000 kg CO2e from Scope 1, 197,089,000 kg CO2e from Scope 2, and 100,640,004,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions included significant contributions from investments (approximately 100.5 billion kg CO2e) and employee commuting (about 81.8 million kg CO2e). The bank's emissions data for 2023 indicated a total of approximately 96.1 billion kg CO2e, with Scope 1 emissions at 7,866,000 kg CO2e, Scope 2 at 208,860,000 kg CO2e, and Scope 3 at 96,106,674,000 kg CO2e. Notably, the Scope 3 emissions also included substantial investments, which accounted for approximately 96 billion kg CO2e. Despite these figures, Punjab National Bank has not set specific reduction targets or climate pledges, indicating a potential area for improvement in their climate commitments. The bank's emissions data is not cascaded from any parent organization, ensuring that the reported figures are solely reflective of its own operations. Overall, while Punjab National Bank has disclosed comprehensive emissions data across all scopes, the absence of defined reduction initiatives highlights the need for a more robust climate strategy moving forward.