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 32 is higher than 52% 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, with a notable achievement of a 71% reduction in Scope 1 and 2 emissions from their 2018 baseline by the end of 2020. The bank has set an ambitious target to achieve net zero emissions by 2050, which encompasses both Scope 1 and Scope 2 emissions. This long-term commitment was established in March 2020, indicating a proactive approach to climate action. The bank is currently on track to meet its near-term reduction goals, demonstrating a strong commitment to sustainability and environmental responsibility. Overall, The Premier Bank PLC. is actively working towards reducing its carbon emissions and aligning with industry standards for climate commitments, positioning itself as a leader in the financial sector's response to climate change.
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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.
