Syndicate Bank Sustainability Profile
Syndicate Bank, officially known as Syndicate Bank Limited, is a prominent financial institution headquartered in India. Established in 1925, the bank has a rich history and has played a significant role in the Indian banking sector, particularly in the southern and western regions of the country. Operating within the banking industry, Syndicate Bank offers a diverse range of services, including retail banking, corporate banking, and agricultural finance. Its unique approach to customer service and innovative financial products has positioned it as a trusted choice for millions of customers. With a commitment to financial inclusion and community development, Syndicate Bank has achieved notable milestones, including its merger with Canara Bank in 2020, further solidifying its market presence. The bank continues to focus on delivering tailored solutions that meet the evolving needs of its clientele.
DitchCarbon Score
How does Syndicate 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
Syndicate Bank's score of 27 is lower than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Syndicate Bank, headquartered in India, currently does not have specific carbon emissions data available for the most recent year. The bank's climate commitments and reduction initiatives are not detailed, indicating a lack of defined targets or pledges at this time. However, it is important to note that Syndicate Bank's emissions data and performance metrics are cascaded from its parent organization, Canara Bank. This relationship suggests that any climate-related initiatives or performance metrics may align with those of Canara Bank, which is responsible for reporting emissions data at this level. As of now, Syndicate Bank has not established any specific reduction targets or commitments under the Science Based Targets initiative (SBTi) or other recognised frameworks. The absence of detailed emissions data and reduction initiatives highlights a potential area for improvement in the bank's environmental strategy.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 11,741,850 | 00,000,000 |
| Scope 2 | 272,722,940 | 000,000,000 |
| Scope 3 | - | - |
How Carbon Intensive is Syndicate Bank's Industry?
How Carbon Intensive is Syndicate Bank's Location?
Syndicate Bank'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.
Syndicate Bank 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.
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