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 24 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
The Karnataka Bank Limited's reported carbon emissions
In 2023, The Karnataka Bank Limited reported total carbon emissions of approximately 58,880 kg CO2e, comprising 29,750 kg CO2e from Scope 1 emissions and 29,130 kg CO2e from Scope 2 emissions. This reflects the bank's operational impact, primarily from fuel used for transportation and electricity consumption. In 2024, the bank achieved a significant reduction in emissions, with total emissions decreasing to about 29,520 kg CO2e, which includes 17,000 kg CO2e from Scope 1 and 12,520 kg CO2e from Scope 2. This reduction indicates a proactive approach to minimising their carbon footprint. Despite these achievements, The Karnataka Bank Limited has not publicly disclosed specific reduction targets or commitments under initiatives such as the Science Based Targets initiative (SBTi). The absence of formal climate pledges suggests that while the bank is making strides in reducing emissions, there may be opportunities for further commitment to climate action and sustainability practices.
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Get Started| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 29,750 | 00,000 |
| Scope 2 | 29,130 | 00,000 |
| 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.
The Karnataka 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.
