Kotak Mahindra Bank
Sustainability Report and Carbon Intensity Rankings
Is Kotak Mahindra Bank doing their part?
Their DitchCarbon score is 39
Kotak Mahindra Bank has a DitchCarbon Score of 39 out of 100, indicating room for improvement in its sustainability practices. This score suggests a moderate level of carbon intensity in the bank’s operations. The company may need to implement more effective strategies to reduce its carbon footprint and enhance its environmental performance.
This was calculated based on 30+ company specific emissions data points, the higher the score, the better. Check out our methodology.
Industry emissions intensity
Very low
Low
Medium
High
Very high
Kotak Mahindra Bank operates in the finance sector, which has a very low carbon intensity ranking compared to other industries. Some industries are more damaging than others, this ranking gives you an indication of how carbon intensive the industry is which this company operates in.
Location emissions intensity
Very low
Low
Medium
High
Very high
Kotak Mahindra Bank is located in India, a region with a very high carbon intensity rating. This suggests that the bank’s operations are influenced by the country’s high carbon emissions, potentially impacting its sustainability efforts negatively.
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– Historical Scope 1, 2 and 3 emissions
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Unlock 30+ emissions data points on Kotak Mahindra Bank
Get the emissions intelligence you need, no surveys required.
– Historical Scope 1, 2 and 3 emissions
– Coverage of all industries, product level data
– Emissions forecasting, assurances
11.83%
...this company is doing 11.83% worse in emissions than the industry average.
Kotak Mahindra Bank, part of the Kotak Mahindra Group, is a prominent financial institution founded in 1985 and headquartered in Mumbai, India. The bank transitioned from a non-banking finance company to a full-fledged banking entity in 2003 after obtaining a license from the Reserve Bank of India. It offers a diverse portfolio of services including commercial banking, investment banking, stock broking, mutual funds, and life insurance to both individual and corporate clients.
emission intelligence's platform recommendations for Kotak Mahindra Bank
Kotak Mahindra Bank should consider implementing green procurement policies to source low-carbon energy and services, which could potentially reduce their emissions by 25%.
Bad news, Kotak Mahindra Bank hasn't set SBTi commitments yet.
Kotak Mahindra Bank has not yet established specific commitments with the Science Based Targets initiative (SBTi). This means the bank is yet to define and announce clear, science-based targets for reducing its greenhouse gas emissions in line with global efforts to limit climate change.
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Our methodology
Read about our emission calculation methodologies, and what the DitchCarbon Score means.
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