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 18 is lower than 94% 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 20,419,870 kg CO2e from Scope 2 and 514,320 kg CO2e from Scope 1, resulting in a combined total of about 20,934,190 kg CO2e. This reflects a significant increase in emissions compared to 2023, where emissions were approximately 18,870,630 kg CO2e from Scope 2 and 425,430 kg CO2e from Scope 1, totalling around 19,296,060 kg CO2e. In 2022, the bank's emissions were approximately 18,476,810 kg CO2e from Scope 2 and 303,010 kg CO2e from Scope 1, leading to a total of about 18,779,820 kg CO2e. Notably, the bank has demonstrated a reduction in emissions per unit of revenue, decreasing from 0.00295 kg CO2e per rupee in 2022 to 0.00251 kg CO2e per rupee in 2023, and further to 0.03680 kg CO2e per rupee in 2024. Despite these figures, The Karur Vysya Bank Limited has not disclosed any specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of Scope 3 emissions data indicates a potential area for future reporting and commitment. Overall, the bank's emissions data highlights the need for ongoing assessment and strategic planning to enhance its climate commitments and reduce its carbon footprint effectively.
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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 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.
