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Public Profile
Financial Intermediation
IN
updated 9 days ago

Suryoday Small Finance Bank Limited

Company website

Suryoday Small Finance Bank Limited, headquartered in India, is a prominent player in the financial services industry, focusing on providing inclusive banking solutions. Established in 2008, the bank has made significant strides in empowering underserved segments of society, particularly in rural and semi-urban areas across India. The bank offers a range of core products and services, including savings accounts, fixed deposits, and microfinance solutions, distinguished by their customer-centric approach and innovative features. Suryoday Small Finance Bank has garnered recognition for its commitment to financial inclusion, positioning itself as a trusted partner for individuals and small businesses alike. With a strong emphasis on technology and customer service, the bank continues to expand its footprint, contributing to the growth of the Indian banking landscape.

DitchCarbon Score

How does Suryoday Small Finance Bank Limited'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.

16

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.

29

Industry Benchmark

Suryoday Small Finance Bank Limited's score of 16 is lower than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.

15%

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Suryoday Small Finance Bank Limited's reported carbon emissions

In 2022, Suryoday Small Finance Bank Limited reported carbon emissions of approximately 1,763,320 kg CO2e, specifically from Scope 2 emissions. This figure reflects the bank's energy-related indirect emissions, as no data was disclosed for Scope 1 or Scope 3 emissions. In contrast, the bank's total emissions for 2021 were significantly higher, at about 2,371,371,000 kg CO2e, indicating a substantial reduction in emissions year-on-year. Despite these figures, Suryoday Small Finance Bank has not set specific reduction targets or made formal climate pledges, nor have they cascaded any targets from parent or related organizations. The absence of defined reduction initiatives suggests a need for enhanced climate commitments within the financial sector, particularly as global awareness of climate change intensifies. Overall, while Suryoday Small Finance Bank Limited has made progress in reducing its carbon footprint, further transparency and commitment to climate action would strengthen its sustainability profile.

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2022
Scope 1
-
Scope 2
1,763,320
Scope 3
-

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Suryoday Small Finance Bank Limited'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 Suryoday Small Finance Bank Limited 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.

Suryoday Small Finance Bank Limited 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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