Ratnakar Bank
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 93% 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 represents a slight increase from 2022, where emissions were about 7,727,000 kg CO2e, with 97,000 kg CO2e from Scope 1 and 7,630,000 kg CO2e from Scope 2. 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 their climate commitments. The absence of documented reduction targets suggests a need for further development in their sustainability strategy. The bank's emissions intensity per rupee of turnover for 2023 was approximately 0.000128 kg CO2e, indicating a focus on aligning emissions with revenue growth. Overall, while Ratnakar Bank has made strides in tracking its carbon footprint, the lack of defined reduction initiatives highlights an opportunity for enhanced climate action and commitment to sustainability in the financial sector.
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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 | - | - | - | - | - |
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.
Ratnakar Bank is not participating in any of the initiatives that 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.
