Tamilnad Mercantile Bank Limited
Tamilnad Mercantile Bank Limited, often referred to as TMB, is a prominent financial institution headquartered in Tuticorin, India. Established in 1921, the bank has a rich history of serving the southern regions of India, particularly Tamil Nadu, with a strong focus on retail and corporate banking services. TMB offers a diverse range of products, including savings accounts, loans, and investment services, distinguished by their customer-centric approach and competitive interest rates. Over the years, the bank has achieved significant milestones, including the expansion of its branch network and the introduction of digital banking solutions, enhancing accessibility for its customers. With a solid market position, Tamilnad Mercantile Bank has garnered a reputation for reliability and innovation in the banking sector, making it a trusted choice for individuals and businesses alike.
DitchCarbon Score
How does Tamilnad Mercantile 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
Tamilnad Mercantile Bank Limited's score of 12 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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Tamilnad Mercantile Bank Limited's reported carbon emissions
In 2023, Tamilnad Mercantile Bank Limited reported a total emissions intensity of approximately 0.000377 kg CO2e per rupee of turnover, based on a revenue of about USD 309.79 million. For 2024, the emissions intensity improved slightly to about 0.000341 kg CO2e per rupee of turnover, with revenue reaching approximately USD 324.97 million. However, specific absolute emissions data for Scope 1, Scope 2, and Scope 3 are not disclosed, indicating a lack of detailed emissions reporting. Currently, Tamilnad Mercantile Bank does not have any publicly stated reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of reduction initiatives suggests that the bank may be in the early stages of developing a comprehensive climate strategy. As of now, the bank's emissions data is not cascaded from a parent or related organization, indicating that it operates independently in its reporting. The focus on emissions intensity relative to revenue highlights an awareness of the need for sustainable practices, although further transparency and commitment to reduction targets would enhance its climate profile.
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.
Tamilnad Mercantile 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.
