Canara Bank
Canara Bank, officially known as Canara Bank Limited, is a prominent financial institution headquartered in Bengaluru, India. Established in 1906, it has grown to become one of the largest public sector banks in the country, with a significant presence across various regions, including southern and western India. Operating in the banking and financial services industry, Canara Bank offers a diverse range of products and services, including retail banking, corporate banking, and wealth management. Its unique approach to customer service and innovative digital banking solutions have positioned it as a leader in the sector. With a rich history marked by key milestones, Canara Bank has consistently achieved notable accolades, including recognition for its robust financial performance and commitment to social responsibility. As a trusted name in banking, it continues to play a vital role in India's economic landscape.
DitchCarbon Score
How does Canara 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
Canara Bank's score of 23 is lower than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Canara Bank's reported carbon emissions
In 2024, Canara Bank reported total carbon emissions of approximately 35,296,130 kg CO2e for Scope 1 and about 195,643,450 kg CO2e for Scope 2. This reflects a significant commitment to transparency in their emissions reporting, although no data for Scope 3 emissions has been disclosed. In 2023, the bank's emissions were approximately 11,741,850 kg CO2e for Scope 1 and about 272,722,940 kg CO2e for Scope 2. This indicates a notable increase in Scope 2 emissions year-on-year, which may warrant further investigation into the factors contributing to this rise. Canara Bank has not set specific reduction targets or climate pledges, which may limit their ability to demonstrate a proactive approach to climate change mitigation. However, their emissions intensity metrics, such as the total Scope 1 and Scope 2 emission intensity per Rupee of turnover, provide insight into their operational efficiency relative to revenue generation. Overall, while Canara Bank has made strides in emissions reporting, the absence of reduction targets and Scope 3 data suggests an opportunity for further enhancement of their climate commitments.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 11,741,850 | 00,000,000 |
| Scope 2 | 272,722,940 | 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.
Canara 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.
