Ujjivan Small Finance Bank Sustainability Profile
Ujjivan Small Finance Bank, headquartered in Bengaluru, India, is a prominent player in the Indian banking sector, focusing on financial inclusion and serving underserved communities. Established in 2017, the bank has rapidly expanded its operations across various regions, including urban and semi-urban areas, providing essential banking services to millions. Specialising in microfinance, personal loans, and savings accounts, Ujjivan Small Finance Bank distinguishes itself through its commitment to customer-centric solutions and innovative financial products. The bank has achieved significant milestones, including a robust customer base and recognition for its role in promoting financial literacy. With a strong market position, Ujjivan Small Finance Bank continues to contribute to the economic empowerment of its clients, making it a key player in the small finance banking industry in India.
DitchCarbon Score
How does Ujjivan Small Finance Bank'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
Ujjivan Small Finance Bank'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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Ujjivan Small Finance Bank's reported carbon emissions
In 2024, Ujjivan Small Finance Bank (Ujjivan SFB) reported total carbon emissions of approximately 14,883,470 kg CO2e, comprising 887,730 kg CO2e from Scope 1 and 13,995,740 kg CO2e from Scope 2 emissions. This data reflects a commitment to transparency in their environmental impact, with emissions data disclosed for both Scope 1 and Scope 2. For the previous year, 2023, Ujjivan SFB's emissions were recorded at 5,911,150 kg CO2e for Scope 1 alone, indicating a significant increase in emissions when considering the broader scope in 2024. The bank has set ambitious targets to reduce overall power consumption by 20% by 2030, applicable to both Scope 1 and Scope 2 emissions. This commitment demonstrates Ujjivan SFB's proactive approach to mitigating its carbon footprint and aligning with industry standards for sustainability. Ujjivan SFB does not currently disclose Scope 3 emissions, which often represent a significant portion of an organisation's total carbon footprint. However, the bank's focus on reducing energy consumption is a critical step towards comprehensive climate action. The emissions data is not cascaded from any parent organisation, ensuring that the figures are specific to Ujjivan SFB's operations.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 369,880 | 000,000 | 00,000,000 | 0,000,000 | 000,000 |
| Scope 2 | 11,031,870 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - |
How Carbon Intensive is Ujjivan Small Finance Bank's Industry?
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Ujjivan Small Finance Bank'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.
Ujjivan Small Finance Bank 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.
