Equitas Small Finance Bank
Equitas Small Finance Bank, headquartered in India, is a prominent player in the banking industry, focusing on providing financial services to underserved segments of the population. Established in 2016, the bank has rapidly expanded its operations across various regions, including Tamil Nadu, Maharashtra, and Gujarat, catering to the needs of both urban and rural customers. The bank offers a diverse range of products, including savings accounts, fixed deposits, and microfinance solutions, distinguished by their customer-centric approach and competitive interest rates. Equitas Small Finance Bank has achieved significant milestones, such as receiving the Best Small Finance Bank award, reflecting its commitment to financial inclusion and innovation. With a strong market position, it continues to enhance its services, making banking accessible and affordable for all.
DitchCarbon Score
How does Equitas Small Finance 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 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.
Industry Benchmark
Equitas Small Finance Bank's score of 26 is lower than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Equitas Small Finance Bank's reported carbon emissions
In 2024, Equitas Small Finance Bank reported total carbon emissions of approximately 568,270 kg CO2e, comprising 133,090 kg CO2e from Scope 1 and 435,180 kg CO2e from Scope 2. This data reflects a consistent emission pattern, as the bank reported similar figures in 2023, with total emissions also around 568,270 kg CO2e, maintaining the same Scope 1 and Scope 2 emissions. In 2022, the bank's emissions were slightly higher, totalling approximately 578,930 kg CO2e, with Scope 1 at 138,400 kg CO2e and Scope 2 at 440,530 kg CO2e. Equitas Small Finance Bank has not disclosed any Scope 3 emissions data, nor have they set specific reduction targets or climate pledges. The bank's emissions intensity per rupee of turnover has shown a slight increase from 0.0000145 in 2023 to 0.0000122 in 2024, indicating a need for further assessment of their operational efficiency in relation to emissions. As of now, Equitas Small Finance Bank does not inherit emissions data from any parent organisation, and all reported figures are directly from their own disclosures. The bank's commitment to addressing climate change remains unclear, as there are no documented reduction initiatives or targets available.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 138,400 | 000,000 | 000,000 |
| Scope 2 | 440,530 | 000,000 | 000,000 |
| Scope 3 | - | - | - |
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.
Equitas Small Finance Bank 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.
