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Public Profile
Financial Intermediation
IN
updated 15 days ago

Tamilnad Mercantile Bank Limited Sustainability Profile

Company website

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.

15

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

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.

13%

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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?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Tamilnad Mercantile 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.

How Carbon Intensive is Tamilnad Mercantile Bank Limited's Location?

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 Tamilnad Mercantile Bank Limited is in IN, which has a very high grid carbon intensity relative to other regions.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Compare Tamilnad Mercantile Bank Limited's Emissions with Industry Peers

Dbs Bank

SG
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 9 days ago

The Karur Vysya Bank Limited

IN
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 13 days ago

State Bank

IN
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 11 days ago

Axisbank

IN
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 8 days ago

CSB Bank Limited

IN
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 15 days ago

Punjab National Bank

IN
•
Financial intermediation services, except insurance and pension funding services (65)
Updated about 1 month ago

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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