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Financial Intermediation
ID
updated a month ago

Bank Sinarmas

Company website

Bank Sinarmas, officially known as PT Bank Sinarmas Tbk, is a prominent financial institution headquartered in Jakarta, Indonesia. Established in 1989, the bank has steadily expanded its operations across major regions in Indonesia, offering a comprehensive range of banking services. Operating within the banking industry, Bank Sinarmas focuses on retail banking, corporate banking, and microfinance, catering to diverse customer needs. Its core products include savings accounts, loans, and investment services, distinguished by innovative digital banking solutions that enhance customer experience. With a commitment to financial inclusion, Bank Sinarmas has achieved significant milestones, positioning itself as a competitive player in the Indonesian banking sector. The bank's dedication to customer service and technological advancement has garnered recognition, making it a trusted choice for individuals and businesses alike.

DitchCarbon Score

How does Bank Sinarmas'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.

19

Industry Average

Mean score of companies in the Financial Intermediation 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.

27

Industry Benchmark

Bank Sinarmas's score of 19 is lower than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.

13%

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Bank Sinarmas's reported carbon emissions

In 2024, Bank Sinarmas reported carbon emissions of approximately 416,500 kg CO2e, all of which fall under Scope 2 emissions. This represents an increase from 2023, when the bank's Scope 2 emissions were about 318,200 kg CO2e, and from 2022, which recorded approximately 365,450 kg CO2e. The bank has not disclosed any Scope 1 or Scope 3 emissions data. Bank Sinarmas is committed to achieving Net Zero emissions and has set reduction targets for both Scope 1 and Scope 2 emissions, with efforts focused on reducing energy consumption and carbon emissions. These initiatives are part of their broader commitment to sustainable business practices, with a timeframe for these reductions set between 2023 and 2025. The emissions data is sourced directly from PT Bank Sinarmas Tbk, with no cascading from a parent or related organization. The bank's ongoing efforts reflect a proactive approach to addressing climate change and enhancing sustainability within its operations.

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202220232024
Scope 1
-
-
-
Scope 2
365,450
000,000
000,000
Scope 3
-
-
-

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Bank Sinarmas's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Bank Sinarmas is in ID, which has a very high grid carbon intensity relative to other regions.

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.

Bank Sinarmas is not participating in any of the initiatives that 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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