The Karnataka Bank Limited
The Karnataka Bank Limited, often referred to simply as Karnataka Bank, is a prominent financial institution headquartered in Mangaluru, India. Established in 1924, the bank has grown significantly, serving a diverse clientele across major operational regions in Karnataka and beyond. As a key player in the banking industry, Karnataka Bank offers a wide range of services, including personal banking, corporate banking, and agricultural finance, distinguished by its customer-centric approach and innovative digital solutions. With a strong emphasis on technology, Karnataka Bank has achieved notable milestones, including the introduction of various online banking services that enhance customer convenience. The bank's commitment to excellence has solidified its market position, making it a trusted choice for individuals and businesses alike. Through its unique blend of traditional banking values and modern financial services, Karnataka Bank continues to thrive in a competitive landscape.
DitchCarbon Score
How does The Karnataka 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
The Karnataka Bank Limited's score of 10 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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The Karnataka Bank Limited's reported carbon emissions
In 2024, The Karnataka Bank Limited reported total carbon emissions of approximately 17,000 tonnes CO2e from Scope 1, which includes emissions from fuel used for road transportation of staff, marketing, and operations. Additionally, the bank's Scope 2 emissions, resulting from purchased electricity consumption, amounted to about 12,520 tonnes CO2e. Comparatively, in 2023, the bank's emissions were higher, with Scope 1 emissions at approximately 29,750 tonnes CO2e and Scope 2 emissions at around 29,130 tonnes CO2e. This indicates a significant reduction in both Scope 1 and Scope 2 emissions year-on-year. Despite these reductions, The Karnataka Bank Limited has not disclosed any specific reduction targets or climate pledges, nor has it reported on Scope 3 emissions. The bank's commitment to addressing climate change remains unclear, but its recent emissions data suggests a positive trend towards reducing its carbon footprint.
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.
The Karnataka 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.
