Kotak Mahindra Bank

Kotak Mahindra Bank, an Indian financial intermediation services provider, reported a total of approximately 93,116,000,000 kg CO2e in emissions for 2023. This figure is derived from the sum of Scope 1, Scope 2, and Scope 3 emissions.

In 2023, the bank's Scope 1 emissions amounted to approximately 12,214,000 kg CO2e, while Scope 2 emissions were approximately 80,482,000 kg CO2e. Scope 3 emissions for the same year included approximately 41,190,000 kg CO2e from capital goods, 5,281,000 kg CO2e from business travel, and 82,000 kg CO2e from employee commute. Upstream leased assets contributed approximately 6,288,000 kg CO2e, and purchased goods and services accounted for approximately 751,000 kg CO2e. Waste generated in operations was approximately 5,000 kg CO2e, and fuel and energy-related activities contributed approximately 23,459,000 kg CO2e.

For 2022, Kotak Mahindra Bank reported Scope 1 emissions of approximately 7,820,000 kg CO2e and Scope 2 emissions of approximately 76,064,000 kg CO2e. Scope 3 emissions for 2022 included approximately 28,047,000 kg CO2e for capital goods, 772,830 kg CO2e for business travel, 42,470 kg CO2e for employee commute, and 6,061,720 kg CO2e for upstream leased assets. Purchased goods and services totalled approximately 630,970 kg CO2e, waste generated in operations was 4,410 kg CO2e, and fuel and energy-related activities contributed approximately 19,937,000 kg CO2e.

Emissions data for 2021 indicates Scope 1 emissions of approximately 1,214,000 kg CO2e and Scope 2 emissions of approximately 57,484,000 kg CO2e. Scope 3 data was not disclosed for this year. Prior to 2021, emissions reporting focused primarily on Scope 1 and Scope 2, with figures for 2020 being approximately 90,800 kg CO2e (Scope 1) and 74,827,000 kg CO2e (Scope 2). In 2019, Scope 1 emissions were approximately 70,190 kg CO2e, and Scope 2 emissions were approximately 77,750,410 kg CO2e, with some Scope 3 categories reported. For 2018 and 2017, total Scope 1 and 2 emissions were approximately 22,032,000 kg CO2e and 21,738,000 kg CO2e respectively. Earlier data for 2016, 2015, and 2014 also shows combined Scope 1 and 2 emissions of approximately 17,066,000 kg CO2e, 15,172,000 kg CO2e, and 14,003,280 kg CO2e respectively, with Scope 1 emissions reported for 2014 as approximately 56,820 kg CO2e.

Kotak Mahindra Bank does not have publicly disclosed SBTi reduction targets or a climate pledge at this time. Their reporting on emissions is directly from the organisation.