The Karnataka Bank Limited
The Karnataka Bank Limited, often referred to simply as Karnataka Bank, is a prominent financial institution headquartered in Mangaluru, India. Established in 1924, the bank has grown significantly, serving a diverse clientele across major operational regions in Karnataka and beyond. As a key player in the banking industry, Karnataka Bank offers a wide range of services, including personal banking, corporate banking, and agricultural finance, distinguished by its customer-centric approach and innovative digital solutions. With a strong emphasis on technology, Karnataka Bank has achieved notable milestones, including the introduction of various online banking services that enhance customer convenience. The bank's commitment to excellence has solidified its market position, making it a trusted choice for individuals and businesses alike. Through its unique blend of traditional banking values and modern financial services, Karnataka Bank continues to thrive in a competitive landscape.
DitchCarbon Score
How does The Karnataka Bank Limited'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
The Karnataka Bank Limited's score of 13 is lower than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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The Karnataka Bank Limited's reported carbon emissions
In 2024, The Karnataka Bank Limited reported total carbon emissions of approximately 29,520 kg CO2e, comprising 17,000 kg CO2e from Scope 1 emissions and 12,520 kg CO2e from Scope 2 emissions. This data reflects the bank's operational impact, with Scope 1 emissions primarily arising from fuel used for road transportation of staff and operations, while Scope 2 emissions are attributed to purchased electricity consumption. For the previous year, 2023, the bank disclosed no emissions data, indicating a potential gap in reporting or a change in operational practices. However, in 2023, the bank's Scope 1 emissions were recorded at 29,750 kg CO2e, and Scope 2 emissions at 29,130 kg CO2e, highlighting a significant reduction in emissions in 2024. The Karnataka Bank Limited has not set specific reduction targets or climate pledges, nor does it report any initiatives under the Science Based Targets initiative (SBTi). The absence of such commitments suggests a need for enhanced climate action strategies within the organisation. Overall, while The Karnataka Bank Limited has made strides in reducing its carbon footprint from 2023 to 2024, the lack of formal reduction targets and climate commitments indicates an opportunity for further engagement in sustainability practices.
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| 2024 | |
|---|---|
| Scope 1 | 17,000 |
| Scope 2 | 12,520 |
| 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.
The Karnataka Bank Limited 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.
