Ratnakar Bank Sustainability Profile
Ratnakar Bank, officially known as RBL Bank, is a prominent financial institution headquartered in India. Established in 1943, the bank has evolved significantly, expanding its operations across major regions including Maharashtra, Karnataka, and Delhi. Operating within the banking and financial services industry, RBL Bank offers a diverse range of products and services, including retail banking, corporate banking, and treasury operations. What sets RBL Bank apart is its commitment to innovation and customer-centric solutions, catering to both individual and business needs. Over the years, the bank has achieved notable milestones, enhancing its market position and reputation for reliability. With a focus on digital transformation and sustainable practices, RBL Bank continues to be a key player in India's banking landscape, striving to meet the evolving demands of its clientele.
DitchCarbon Score
How does Ratnakar 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
Ratnakar Bank's score of 19 is lower than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ratnakar Bank's reported carbon emissions
In 2023, Ratnakar Bank reported total carbon emissions of approximately 8,907,000 kg CO2e, comprising 110,000 kg CO2e from Scope 1 and 8,800,000 kg CO2e from Scope 2 emissions. This reflects a slight increase from 2022, when the bank's emissions were about 7,727,000 kg CO2e (Scope 2) and 97,000 kg CO2e (Scope 1). The bank has not disclosed any Scope 3 emissions data. Despite the increase in emissions, Ratnakar Bank has not set specific reduction targets or initiatives as part of its climate commitments. The bank's emissions data is independently reported and not cascaded from any parent organization. The bank's emissions intensity for 2023 is approximately 0.0113 kg CO2e per rupee of turnover, indicating a focus on improving operational efficiency. However, without defined reduction targets or initiatives, the bank's long-term climate strategy remains unclear.
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| 2018 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 64,380 | 00,000 | 00,000 | 00,000 | 000,000 |
| Scope 2 | 8,800,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | 0,000,000 | - | - | - |
How Carbon Intensive is Ratnakar Bank's Industry?
How Carbon Intensive is Ratnakar Bank's Location?
Ratnakar Bank's Scope 3 Categories Breakdown
Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 21% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
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Ratnakar 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.
Ratnakar 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.
