ESAF Small Finance Bank
ESAF Small Finance Bank, headquartered in India, is a prominent player in the financial services industry, focusing on providing inclusive banking solutions. Established in 2017, the bank has rapidly expanded its operations across various regions, including Kerala, Tamil Nadu, and Maharashtra, catering to the financial needs of underserved communities. The bank offers a range of core products and services, including savings accounts, fixed deposits, and microfinance, distinguished by their customer-centric approach and competitive interest rates. ESAF Small Finance Bank has achieved significant milestones, such as receiving the Best Small Finance Bank award, reflecting its commitment to excellence and innovation in the sector. With a strong market position, ESAF continues to empower individuals and small businesses, fostering financial inclusion and economic growth in India.
DitchCarbon Score
How does ESAF 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
ESAF Small Finance Bank's score of 15 is lower than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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ESAF Small Finance Bank's reported carbon emissions
In 2023, ESAF Small Finance Bank reported total carbon emissions of approximately 36,320,680 kg CO2e, comprising 15,880 kg CO2e from Scope 1 and 36,308,800 kg CO2e from Scope 2 emissions. This data indicates a significant operational footprint, particularly in Scope 2, which typically includes emissions from purchased electricity. For the year 2024, specific emissions data is not available, but the bank has disclosed its emissions intensity metrics, reporting about 1.89875e-11 kg CO2e per rupee of turnover and an employee-related intensity of approximately 6.16 kg CO2e. ESAF Small Finance Bank has not set specific reduction targets or climate pledges, indicating a potential area for future commitment. The absence of Scope 3 emissions data suggests that the bank may not yet be fully accounting for its entire carbon footprint, which could include emissions from its supply chain and customer activities. Overall, while ESAF Small Finance Bank has made strides in reporting its emissions, there remains an opportunity to enhance its climate commitments and establish clear reduction targets to align with industry standards.
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| 2023 | |
|---|---|
| Scope 1 | 15,880 |
| Scope 2 | 36,730,800 |
| 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.
ESAF 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.
