IndusInd Bank Limited, commonly referred to as IndusInd Bank, is a prominent player in the financial intermediation services sector, headquartered in Mumbai, India. Established in 1994, the bank has rapidly evolved, offering a diverse range of services including retail banking, corporate banking, and treasury operations.
With a strong presence across major operational regions in India, IndusInd Bank is known for its innovative products such as personal loans, credit cards, and digital banking solutions, which cater to the evolving needs of its customers. The bank has achieved significant milestones, including recognition for its customer service excellence and a robust digital banking platform.
As a key player in the Indian banking landscape, IndusInd Bank continues to strengthen its market position through strategic initiatives and a commitment to delivering unique financial solutions.
+1 vs industry average
Indusind Bank’s score of 38 is higher than 53% 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 reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Indusind Bank's reported carbon emissions
IndusInd Bank, headquartered in India and operating in financial intermediation services (excluding insurance and pension funding), has reported its carbon emissions across various scopes.
For the fiscal year 2024, the bank's total emissions amounted to approximately 75.0 million kg CO2e, encompassing Scope 1, Scope 2, and Scope 3 emissions. Specifically, Scope 1 emissions were about 17.0 million kg CO2e, Scope 2 emissions were approximately 48.5 million kg CO2e, and Scope 3 emissions were around 9.6 million kg CO2e.
In the preceding year, 2023, total emissions were roughly 79.4 million kg CO2e, with Scope 1 at approximately 19.1 million kg CO2e, Scope 2 at about 53.3 million kg CO2e, and Scope 3 at approximately 6.6 million kg CO2e.
The bank's emissions data for 2022 shows a total of approximately 76.5 million kg CO2e. This includes Scope 1 emissions of about 9.6 million kg CO2e, Scope 2 emissions of approximately 57.4 million kg CO2e, and Scope 3 emissions of around 9.3 million kg CO2e. Further breakdowns within Scope 3 for 2022 include business travel at about 0.6 million kg CO2e, employee commute at approximately 0.4 million kg CO2e, and purchased goods and services at approximately 3.5 million kg CO2e.
Earlier reporting years also show emissions data: 2021 saw total emissions of approximately 81.7 million kg CO2e, 2020 reported approximately 71.6 million kg CO2e, 2019 recorded approximately 84.4 million kg CO2e, 2018 had approximately 80.6 million kg CO2e, 2017 was approximately 69.4 million kg CO2e, and 2016 reported approximately 62.2 million kg CO2e. For 2012, total emissions were approximately 21.2 million kg CO2e, with Scope 1 at about 2.2 million kg CO2e, Scope 2 at approximately 18.1 million kg CO2e, and Scope 3 at about 0.9 million kg CO2e.
IndusInd Bank has not disclosed specific reduction targets or joined global climate initiatives like the Science Based Targets initiative (SBTi) or the Climate Pledge based on the provided information. However, the bank does report its greenhouse gas (GHG) emissions intensity per employee and per unit of revenue in its sustainability reports, which can serve as a basis for monitoring progress towards climate goals. For instance, in FY24, Scope 1+2 emissions intensity was reported as approximately 1,440 kg CO2e per FTE (Full-Time Equivalent employee) and about 0.02194 kg CO2e per Indian Rupee of revenue. In FY23, it was approximately 1,900 kg CO2e per FTE and 0.02779 kg CO2e per Indian Rupee of revenue.
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Indusind Bank’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Indusind Bank yet.
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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Indusind Bank
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