The Karur Vysya Bank Limited, commonly referred to as KVB, is a prominent Indian private sector bank headquartered in Karur, Tamil Nadu. Established in 1916, KVB has grown significantly, serving a diverse clientele across various regions in India, particularly in southern states.
Operating within the banking and financial services industry, KVB offers a wide range of products, including personal banking, corporate banking, and wealth management services. What sets KVB apart is its commitment to customer-centric solutions and innovative digital banking initiatives.
With a strong market presence, KVB has achieved notable milestones, including recognition for its robust financial performance and customer service excellence. As a trusted financial institution, The Karur Vysya Bank Limited continues to play a vital role in the economic development of the regions it serves.
-10 vs industry average
The Karur Vysya Bank Limited’s score of 25 is lower than 34% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
The Karur Vysya Bank Limited's reported carbon emissions
In 2024, The Karur Vysya Bank Limited reported total emissions of approximately 20,661,190 kg CO2e, comprising 514,320 kg CO2e from Scope 1 and 20,198,870 kg CO2e from Scope 2 emissions. The bank has not disclosed any Scope 3 emissions data. The bank has set ambitious climate commitments, aiming to transition to renewable electricity across all branches and corporate offices by 2030. This initiative targets both Scope 1 and Scope 2 emissions, reflecting a commitment to reducing its carbon footprint in the near term. As part of its sustainability efforts, The Karur Vysya Bank Limited is focused on enhancing its operational efficiency and reducing emissions intensity, with a reported Scope 1 and 2 emission intensity of 0.0368 kg CO2e per rupee of turnover in 2024. The bank's climate strategy is aligned with industry standards, demonstrating a proactive approach to addressing climate change and contributing to a sustainable future.
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The Karur Vysya Bank Limited’s Climate Goals (2030 & 2050)
2 goals2030
We intend to use renewable electricity across all KVB branch…
We intend to use renewable electricity across all KVB branches and corporate offices by 2030.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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The Karur Vysya Bank Limited
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