Suryoday Small Finance Bank Limited Sustainability Profile
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.
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
Suryoday Small Finance Bank Limited's score of 16 is lower than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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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 emissions, as no data was disclosed for Scope 1 or Scope 3 emissions. In contrast, the bank's emissions for 2021 were significantly higher, at about 2,371,371,000 kg CO2e, indicating a substantial reduction in emissions year-on-year. Despite this reduction, Suryoday Small Finance Bank has not set specific reduction targets or made climate pledges, as indicated by the absence of documented initiatives. The bank's emissions data is not cascaded from any parent organization, ensuring that the reported figures are solely from Suryoday Small Finance Bank Limited. Overall, while the bank has made progress in reducing its carbon footprint, further commitments and targets would enhance its climate strategy and align it with industry standards for sustainability.
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| 2022 | |
|---|---|
| Scope 1 | - |
| Scope 2 | 1,763,320 |
| Scope 3 | - |
How Carbon Intensive is Suryoday Small Finance Bank Limited's Industry?
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Suryoday Small Finance Bank Limited's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Suryoday Small Finance Bank Limited has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
