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Financial Intermediation
IN
updated 6 days ago

Ratnakar Bank

Company website

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.

19

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.

30

Industry Benchmark

Ratnakar Bank's score of 19 is lower than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.

13%

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Ratnakar Bank's reported carbon emissions

In 2023, Ratnakar Bank, headquartered in India, 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 data reflects the bank's operational impact and is crucial for understanding its carbon footprint. Comparatively, in 2022, the bank's emissions were about 7,727,000 kg CO2e, with 97,000 kg CO2e from Scope 1 and 7,700,000 kg CO2e from Scope 2. This indicates a significant increase in emissions in 2023, highlighting the need for enhanced climate action. Ratnakar Bank has not set specific reduction targets or initiatives as per the latest data, nor does it appear to have cascaded any targets from parent organisations. The absence of Scope 3 emissions data suggests a potential area for future reporting and improvement. Overall, while Ratnakar Bank has made strides in transparency regarding its emissions, the lack of defined reduction strategies and the increase in emissions underscore the importance of developing robust climate commitments to align with industry standards and expectations.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

20182020202120222023
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

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Ratnakar Bank's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Ratnakar Bank is in IN, which has a very high grid carbon intensity relative to other regions.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

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