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 14 is higher than 60% 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 15,147,470 kg CO2e from Scope 1 and 16,392,820 kg CO2e from Scope 2. This reflects a slight increase from 2024, where emissions were about 14,760,050 kg CO2e for Scope 1 and 17,255,600 kg CO2e for Scope 2. The bank has not disclosed any specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The emissions data indicates a significant reliance on energy consumption, typical for financial institutions, which often have substantial Scope 2 emissions due to electricity use. Tamilnad Mercantile Bank's commitment to addressing climate change remains unclear, as no formal reduction strategies or climate commitments have been outlined.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Get Started| 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.
