Kotak Mahindra Bank
Kotak Mahindra Bank, a prominent player in the Indian banking sector, is headquartered in Mumbai, India. Founded in 1985, the bank has evolved from a financial services company into a full-fledged commercial bank, officially receiving its banking licence in 2003. With a strong presence across major operational regions in India, Kotak Mahindra Bank offers a diverse range of financial products and services, including retail banking, corporate banking, and wealth management. The bank is renowned for its innovative digital banking solutions and customer-centric approach, setting it apart in a competitive market. As one of the leading private sector banks in India, Kotak Mahindra Bank has achieved significant milestones, including a robust market position and numerous awards for excellence in service and technology. Its commitment to financial inclusion and sustainable growth continues to drive its success in the industry.
DitchCarbon Score
How does Kotak Mahindra 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 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
Kotak Mahindra Bank's score of 49 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Kotak Mahindra Bank's reported carbon emissions
In 2023, Kotak Mahindra Bank reported total carbon emissions of approximately 11890000 kg CO2e for Scope 1 and about 69466000 kg CO2e for Scope 2, with Scope 3 emissions reaching approximately 73842900 kg CO2e. This reflects a comprehensive approach to measuring their carbon footprint across all relevant scopes. The bank's emissions data indicates a significant reliance on Scope 2 emissions, which are primarily associated with energy consumption. In 2024, the bank's emissions are projected to be approximately 8403900 kg CO2e for Scope 1, 85788900 kg CO2e for Scope 2, and about 47005300 kg CO2e for Scope 3, suggesting a continued focus on managing their carbon output. Despite the detailed emissions reporting, Kotak Mahindra Bank has not publicly committed to specific reduction targets or initiatives under frameworks such as the Science Based Targets initiative (SBTi). This absence of formal reduction targets may reflect a broader industry trend where financial institutions are still developing comprehensive climate strategies. Overall, Kotak Mahindra Bank's emissions data highlights the importance of transparency in carbon reporting, while their lack of defined reduction targets suggests an opportunity for further commitment to climate action in the banking sector.
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Add to project| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 56,820 | - | - | 000,000 | 000,000 | 00,000 | 00,000 | 0,000,000 | 0,000,000 | 00,000,000 | 0,000,000 |
| Scope 2 | 14,003,280 | - | - | 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 | - | - | - | - | - | 0,000,000 | 0,000,000 | 000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Kotak Mahindra Bank is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
