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 17 is lower than 94% 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 8,807,000 kg CO2e, comprising 110,000 kg CO2e from Scope 1 and about 8,700,000 kg CO2e from Scope 2 emissions. This reflects a slight increase in Scope 1 emissions compared to 2022, where they were approximately 97,000 kg CO2e, while Scope 2 emissions remained relatively stable at about 7,727,000 kg CO2e. In 2022, the bank's total emissions were approximately 7,824,000 kg CO2e, with Scope 1 emissions at 97,000 kg CO2e and Scope 2 emissions at 7,727,000 kg CO2e. The emissions intensity per rupee of turnover for 2023 was reported at 0.000128 kg CO2e, indicating a focus on reducing emissions relative to revenue. Despite these figures, Ratnakar Bank has not disclosed any specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of defined reduction strategies suggests a need for further commitment to climate action within the banking sector, particularly in light of increasing global emphasis on sustainability and carbon neutrality.
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| 2018 | 2020 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 64,380 | 00,000 | 00,000 | 000,000 |
| Scope 2 | 8,800,000 | 00,000,000 | 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.
