ICICI Bank Limited, one of India's leading financial institutions, is headquartered in Mumbai, Maharashtra. Established in 1994, the bank has significantly evolved, becoming a key player in the financial intermediation services sector, excluding insurance and pension funding. ICICI Bank offers a diverse range of products, including retail banking, corporate banking, and treasury services, distinguished by its innovative digital banking solutions.
With a strong presence across major operational regions in India and a growing international footprint, ICICI Bank has consistently achieved notable milestones, such as being one of the first banks to launch internet banking in India. Its commitment to customer-centric services and technological advancements has solidified its market position, making it a trusted choice for millions of customers seeking reliable financial solutions.
+7 vs industry average
Icici Bank’s score of 42 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Icici Bank's reported carbon emissions
ICICI Bank, headquartered in India and operating within financial intermediation services, except insurance and pension funding services, has outlined its climate commitments and reported on its carbon emissions. For the reporting year 2024, ICICI Bank reported total Scope 1 emissions of approximately 25,000,000 kg CO2e and Scope 2 emissions of approximately 101,000,000 kg CO2e. Scope 3 emissions for this period were approximately 161,250,000 kg CO2e. In the previous year, 2023, the bank's Scope 1 emissions were approximately 23,000,000 kg CO2e, with Scope 2 emissions at approximately 126,000,000 kg CO2e. Scope 3 emissions for 2023 included business travel contributing 17,735,000 kg CO2e. ICICI Bank has set a target to become carbon neutral in Scope 1 and Scope 2 emissions by fiscal 2032. This near-term commitment signifies a focus on reducing direct operational impact. The bank's ESG report for 2023-24 is a key source for this information. While Scope 3 emissions are reported, some categories, such as purchased goods and services, were noted as missing data points in the provided reports. The bank's historical data shows: * In 2022, Scope 1 emissions were approximately 26,000,000 kg CO2e and Scope 2 emissions were approximately 116,000,000 kg CO2e. Scope 3 data was not disclosed for this year. * For 2021, Scope 1 emissions were approximately 23,000,000 kg CO2e and Scope 2 emissions were approximately 114,000,000 kg CO2e. Scope 3 data was not disclosed. * In 2020, Scope 1 emissions were approximately 21,000,000 kg CO2e and Scope 2 emissions were approximately 128,000,000 kg CO2e. Scope 3 data was not disclosed. * For 2019, Scope 1 emissions were approximately 16,000,000 kg CO2e and Scope 2 emissions were approximately 127,000,000 kg CO2e. Scope 3 data was not disclosed. ICICI Bank's climate strategy is embedded within its broader environmental, social, and governance (ESG) initiatives. The company's reporting indicates a commitment to transparency and gradual improvement in its environmental footprint.
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Icici Bank’s Climate Goals (2030 & 2050)
1 goal2032
1% reduction in all scopes
Target to become carbon neutral in Scope 1 and Scope 2 emissions by fiscal 2032
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 1 climate goals
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Icici Bank
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