Punjab National Bank

Punjab National Bank: Climate Commitments & Carbon Emissions Overview

Punjab National Bank (PNB), headquartered in India, is a financial intermediation services provider committed to addressing its environmental impact.

In 2024, PNB reported its total Scope 1 emissions as 8,494,000 kg CO2e, Scope 2 emissions as 197,089,000 kg CO2e, and Scope 3 emissions as 100,640,000,000 kg CO2e. Key categories contributing to Scope 3 include investments (approximately 100.5 billion kg CO2e), employee commute (81,787,000 kg CO2e), business travel (11,336,000 kg CO2e), and fuel and energy-related activities (8,175,000 kg CO2e).

Looking back, in 2023, PNB's Scope 1 emissions were 7,866,000 kg CO2e, Scope 2 emissions were 208,860,000 kg CO2e, and Scope 3 emissions were approximately 96.1 billion kg CO2e. In 2022, the bank's Scope 1 emissions were 11,717,340 kg CO2e, including 2,131,970 kg CO2e from fugitive emissions, Scope 2 emissions were 163,552,000 kg CO2e, and Scope 3 emissions were 46,482,910 kg CO2e.

PNB actively discloses its emissions data across all three scopes and has demonstrated a consistent effort to measure and report its environmental footprint. While specific numerical reduction targets were not disclosed in the provided information, the bank's reporting indicates an ongoing commitment to understanding and managing its carbon emissions.