Indian Overseas Bank
Indian Overseas Bank (IOB), headquartered in Chennai, India, is a prominent player in the banking and financial services industry. Established in 1937, IOB has a rich history marked by significant milestones, including its expansion into international markets and the introduction of innovative banking solutions. The bank operates extensively across India and has a growing presence in various overseas regions, catering to a diverse clientele. IOB offers a comprehensive range of products and services, including personal banking, corporate banking, and international banking, distinguished by their customer-centric approach and competitive interest rates. With a strong market position, Indian Overseas Bank has received accolades for its commitment to financial inclusion and digital banking initiatives, making it a trusted choice for millions of customers seeking reliable banking solutions.
DitchCarbon Score
How does Indian Overseas 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
Indian Overseas Bank's score of 16 is lower than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Indian Overseas Bank's reported carbon emissions
In 2023, Indian Overseas Bank reported total carbon emissions of approximately 4,643,630 kg CO2e from Scope 1 and about 35,936,500 kg CO2e from Scope 2. This marks a significant increase in emissions compared to 2022, where Scope 1 emissions were about 2,041,000 kg CO2e and Scope 2 emissions were approximately 44,498,600 kg CO2e. Despite the increase in emissions, Indian Overseas Bank has not set specific reduction targets or initiatives as part of their climate commitments. The bank's emissions data is not cascaded from any parent organisation, indicating that the figures are independently reported. Overall, while Indian Overseas Bank has disclosed its emissions for the past two years, it currently lacks defined reduction strategies or commitments to mitigate its carbon footprint.
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.
Indian Overseas 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.
