The Premier Bank PLC. Sustainability Profile
The Premier Bank PLC, commonly referred to as Premier Bank, is a prominent financial institution headquartered in Bangladesh (BD). Established in 1999, the bank has made significant strides in the banking sector, focusing on retail and corporate banking services. With a strong presence in major operational regions across the country, Premier Bank offers a diverse range of products, including personal loans, business financing, and innovative digital banking solutions. What sets Premier Bank apart is its commitment to customer-centric services and technological advancements, ensuring a seamless banking experience. Over the years, the bank has achieved notable milestones, solidifying its position as a trusted player in the industry. With a focus on sustainable growth and community development, The Premier Bank PLC continues to enhance its market presence while delivering exceptional value to its customers.
DitchCarbon Score
How does The Premier Bank PLC.'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 Premier Bank PLC.'s score of 23 is lower than 65% 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 Premier Bank PLC.'s reported carbon emissions
In 2020, The Premier Bank PLC. reported total carbon emissions of approximately 18800000 kg CO2e for Scope 1, 64200000 kg CO2e for Scope 2, and 19100000 kg CO2e for Scope 3. This data reflects a significant commitment to reducing their carbon footprint, as the bank achieved a remarkable 71% reduction in Scope 1 and 2 emissions compared to their 2018 baseline. The bank has set an ambitious target to become a net zero institution by 2050, with specific commitments to reduce emissions across both Scope 1 and Scope 2. This long-term goal was established in March 2020, indicating a proactive approach to climate action. The emissions data is not cascaded from any parent organization, ensuring that The Premier Bank PLC. is independently accountable for its climate commitments and performance. The bank's initiatives align with industry standards for sustainability and demonstrate a clear trajectory towards reducing their environmental impact.
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| 2018 | 2019 | 2020 | |
|---|---|---|---|
| Scope 1 | 25,900,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 260,700,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 69,200,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is The Premier Bank PLC.'s Industry?
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The Premier Bank PLC.'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 Premier Bank PLC. 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.
