South Indian Bank
South Indian Bank, a prominent player in the Indian banking sector, is headquartered in Thrissur, Kerala. Established in 1929, the bank has grown significantly, serving a diverse clientele across various operational regions, particularly in southern India. As a scheduled commercial bank, South Indian Bank offers a wide range of financial services, including retail banking, corporate banking, and treasury operations. The bank is known for its innovative products, such as customised loan solutions and digital banking services, which cater to the evolving needs of its customers. With a strong focus on customer satisfaction and technological advancement, South Indian Bank has positioned itself as a reliable financial partner. Over the years, it has achieved notable milestones, including a robust network of branches and ATMs, solidifying its reputation in the competitive banking landscape.
DitchCarbon Score
How does South Indian 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
South Indian Bank's score of 19 is lower than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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South Indian Bank's reported carbon emissions
In 2023, South Indian Bank reported total carbon emissions of approximately 18,869,310 kg CO2e, comprising 201,080 kg CO2e from Scope 1 and about 18,668,230 kg CO2e from Scope 2 emissions. For the following year, 2024, emissions slightly decreased to approximately 15,199,320 kg CO2e, with Scope 1 emissions at 202,890 kg CO2e and Scope 2 emissions at about 15,996,430 kg CO2e. Despite these figures, South Indian Bank has not disclosed any specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of Scope 3 emissions data indicates a potential area for future reporting and improvement. The bank's commitment to addressing climate change remains unclear, as no formal climate pledges or reduction targets have been established. Overall, while South Indian Bank has made strides in emissions reporting, further transparency and commitment to reduction strategies would enhance their climate action profile.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 201,080 | 000,000 |
| Scope 2 | 17,869,230 | 00,000,000 |
| 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.
South Indian 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.
