The Karur Vysya Bank Limited
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.
DitchCarbon Score
How does The Karur Vysya 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 Karur Vysya 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.
The Karur Vysya Bank Limited's reported carbon emissions
In 2024, The Karur Vysya Bank Limited reported total carbon emissions of approximately 25,621,190 kg CO2e, comprising 514,320 kg CO2e from Scope 1 and 20,419,870 kg CO2e from Scope 2. This represents a significant increase from 2023, where emissions were about 24,130,660 kg CO2e, with 425,430 kg CO2e from Scope 1 and 18,870,630 kg CO2e from Scope 2. In 2022, the bank's emissions were approximately 18,768,810 kg CO2e, with 303,010 kg CO2e from Scope 1 and 18,476,810 kg CO2e from Scope 2. Despite the rising emissions, the bank has shown a positive trend in emissions intensity, reducing its Scope 1 and 2 emissions per rupee of turnover from 0.00295 in 2022 to 0.00251 in 2023, and further to 0.0368 in 2024. However, there are currently no disclosed reduction targets or climate pledges, indicating a potential area for improvement in their climate commitments. The bank's emissions data reflects its operational impact, and ongoing monitoring will be essential for future sustainability efforts.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 303,010 | 000,000 | 000,000 |
| Scope 2 | 18,476,810 | 00,000,000 | 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.
The Karur Vysya 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.
