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 16 is lower than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Tamilnad Mercantile Bank Limited's reported carbon emissions
In 2023, Tamilnad Mercantile Bank Limited reported total carbon emissions of approximately 15,000,000 kg CO2e, comprising about 1,351,470 kg CO2e from Scope 1 and about 16,392,820 kg CO2e from Scope 2 emissions. For the following year, 2024, the bank's emissions increased slightly, with Scope 1 emissions at approximately 1,476,050 kg CO2e and Scope 2 emissions at about 17,255,600 kg CO2e. Despite these figures, there are currently no disclosed reduction targets or climate pledges from the bank, indicating a potential area for improvement in their climate commitments. The bank's emissions per rupee of turnover have shown a slight decrease, from 0.000377 kg CO2e in 2023 to 0.000341 kg CO2e in 2024, suggesting a marginal improvement in efficiency relative to revenue generation. Overall, while Tamilnad Mercantile Bank Limited has made some progress in managing its emissions, the absence of formal reduction targets highlights the need for a more robust climate strategy moving forward.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 1,351,470 | 0,000,000 |
| Scope 2 | 16,392,820 | 00,000,000 |
| Scope 3 | - | - |
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 committed to any reduction initiatives 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.
