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 87% 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 about 8,870,000 kg CO2e from Scope 2 emissions. This represents a slight increase in emissions compared to 2022, where the bank recorded approximately 7,727,000 kg CO2e, with 97,000 kg CO2e from Scope 1 and about 7,630,000 kg CO2e from Scope 2. The bank has not disclosed any Scope 3 emissions data, indicating a potential area for future reporting and improvement. Notably, Ratnakar Bank has not set specific reduction targets or climate pledges, which may limit its ability to demonstrate a proactive approach to climate commitments. The emissions intensity for Scope 1 and Scope 2 combined was reported at 0.000128 kg CO2e per rupee of turnover in 2023, reflecting a slight increase from 0.000123 kg CO2e in 2022. This suggests that while emissions have increased, the bank's revenue growth may be outpacing its emissions growth. Overall, Ratnakar Bank's current emissions data highlights the need for enhanced climate strategies and commitments to effectively manage and reduce its carbon footprint in the coming years.
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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.
