Tamilnad Mercantile Bank Limited Sustainability Profile
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 15 is lower than 87% 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 2025, Tamilnad Mercantile Bank Limited reported total carbon emissions of approximately 16,442,540 kg CO2e from Scope 2 and about 1,644,040 kg CO2e from Scope 1. This data highlights the bank's significant carbon footprint, primarily driven by its operational activities. The bank has not set specific reduction targets or initiatives as part of its climate commitments, nor does it have any emissions data for Scope 3. The absence of reduction targets suggests that Tamilnad Mercantile Bank Limited may need to enhance its climate strategy to align with industry standards and expectations. Overall, while the bank has disclosed its emissions data, it currently lacks a structured approach to reducing its carbon footprint, which is essential for addressing climate change effectively.
How Carbon Intensive is Tamilnad Mercantile Bank Limited's Industry?
How Carbon Intensive is Tamilnad Mercantile Bank Limited's Location?
Tamilnad Mercantile 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.
Tamilnad Mercantile 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.
