The Karur Vysya Bank Limited Sustainability Profile
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 22 is lower than 82% 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 Karur Vysya Bank Limited's reported carbon emissions
In 2024, The Karur Vysya Bank Limited reported total carbon emissions of approximately 20,653,190 kg CO2e, comprising 514,320 kg CO2e from Scope 1 and 20,198,870 kg CO2e from Scope 2 emissions. This marks an increase from 2023, where emissions were about 19,132,060 kg CO2e, with Scope 1 emissions at 425,430 kg CO2e and Scope 2 emissions at 18,870,630 kg CO2e. 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 proactive approach to achieving net-zero emissions in the near term. As of now, there are no reported Scope 3 emissions, and the bank's climate strategy is independently developed without cascading data from a parent organisation. The Karur Vysya Bank Limited is committed to enhancing its sustainability practices and reducing its carbon footprint in alignment with industry standards.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 425,430 | 000,000 |
| Scope 2 | 18,870,630 | 00,000,000 |
| Scope 3 | - | - |
How Carbon Intensive is The Karur Vysya Bank Limited's Industry?
How Carbon Intensive is The Karur Vysya Bank Limited's Location?
The Karur Vysya Bank Limited's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
The Karur Vysya Bank Limited has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
