Kotak Mahindra Bank

Kotak Mahindra Bank's reported carbon emissions

Kotak Mahindra Bank, an Indian financial intermediation services provider, has been reporting its carbon emissions data for several years. For the financial year 2023, the bank reported total Scope 1 emissions of approximately 12,214,000 kg CO2e and Scope 2 emissions of approximately 80,482,000 kg CO2e. Scope 3 emissions were also disclosed for 2023, encompassing categories such as capital goods, business travel, employee commute, upstream leased assets, purchased goods and services, waste generated in operations, and fuel and energy-related activities. In 2022, Kotak Mahindra Bank reported Scope 1 emissions of approximately 7,820,000 kg CO2e and Scope 2 emissions (market-based and location-based) of approximately 76,064,000 kg CO2e. Scope 3 emissions for 2022 included data on capital goods, business travel, employee commute, upstream leased assets, purchased goods and services, waste generated in operations, and fuel and energy-related activities. Earlier reports show Scope 1 and 2 emissions for 2021 at approximately 12,140,000 kg CO2e and 57,484,000 kg CO2e respectively. For 2020, Scope 1 emissions were approximately 90,800 kg CO2e, with Scope 2 emissions at approximately 74,827,000 kg CO2e. In 2019, Scope 1 emissions were around 70,190 kg CO2e, and Scope 2 emissions were approximately 77,750,410 kg CO2e, with Scope 3 emissions also being reported for categories like capital goods and business travel. Emissions data for earlier years (2014-2018) primarily covers Scope 1 and 2 emissions, with totals for Scope 1 and 2 ranging from approximately 15,172,000 kg CO2e in 2015 to 77,750,410 kg CO2e in 2019. Some of these earlier years, like 2020 and 2021, note the absence of Scope 3 data for purchased goods and services. Kotak Mahindra Bank's climate commitments and reduction initiatives are not explicitly detailed in the provided reduction targets information, which shows no specific SBTi or document-based reduction targets. However, the bank's reporting indicates a focus on disclosing emissions across multiple scopes, suggesting an awareness of its environmental impact within the financial intermediation sector. Further information on specific reduction targets would be beneficial to assess the bank's progress in climate action.