Indusind Bank Sustainability Profile
IndusInd Bank Limited, commonly referred to as IndusInd Bank, is a prominent private sector bank headquartered in Mumbai, India. Established in 1994, the bank has rapidly expanded its footprint across major operational regions, including metropolitan cities and rural areas, offering a diverse range of financial services. Operating within the banking and financial services industry, IndusInd Bank provides a comprehensive suite of products, including retail banking, corporate banking, and wealth management. Its unique offerings, such as customised financial solutions and innovative digital banking services, set it apart in a competitive market. With a strong market position, IndusInd Bank has achieved significant milestones, including recognition for its customer service excellence and technological advancements. The bank continues to play a vital role in India's economic landscape, catering to the evolving needs of its diverse clientele.
DitchCarbon Score
How does Indusind 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
Indusind Bank's score of 52 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Indusind Bank's reported carbon emissions
In 2024, IndusInd Bank reported total carbon emissions of approximately 65,492,000 kg CO2e, comprising 16,977,000 kg CO2e from Scope 1, 48,515,000 kg CO2e from Scope 2, and 9,600,000 kg CO2e from Scope 3 emissions. This reflects a decrease from 2023, where emissions totalled about 72,422,000 kg CO2e, with Scope 1 at 19,074,000 kg CO2e, Scope 2 at 53,348,000 kg CO2e, and Scope 3 at 6,592,000 kg CO2e. Over the past few years, the bank has demonstrated a commitment to reducing its carbon footprint. In 2022, total emissions were reported at approximately 66,912,000 kg CO2e, with Scope 1 emissions at 9,552,000 kg CO2e and Scope 2 at 57,359,000 kg CO2e. The bank's emissions intensity metrics indicate a trend towards improved efficiency, with GHG emissions intensity per full-time equivalent (FTE) decreasing from 2,190 kg CO2e in 2021 to 1,440 kg CO2e in 2024. Despite these reductions, IndusInd Bank has not set specific science-based targets (SBTi) for emissions reduction, nor have they made public climate pledges. The emissions data is not cascaded from a parent company, indicating that the figures are independently reported by IndusInd Bank Limited. Overall, while IndusInd Bank has made strides in reducing its carbon emissions, further commitments and targets could enhance its climate strategy and align with global sustainability goals.
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| 2012 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 2,188,085 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 18,099,321 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 945,137 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
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Indusind 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.
Indusind 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.
