- Data breach risk jeopardizing customer data confidentiality and integrity.
- Lack of Business Continuity systems resulting in potential financial losses and operational disruptions.
- Ethical behavior risks impacting reputation and productivity.
- Systemic risks undermining financial stability and regulatory compliance.
- Lack of customer-centric product offerings eroding trust and damaging reputation.
INDIAN OVERSEAS BANK
Greenhouse gas emissions & sustainability report data
In its 2023-24 reporting, INDIAN OVERSEAS BANK disclosed greenhouse gas emissions of 42.4K tCO2e. By scope: Scope 1: 6.4K tCO2e; Scope 2: 35.9K tCO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
42.4K tCO2e
2023-24
Water Usage
2.0M kl
2023-24
Waste
30.20 metric tonnes
2023-24
Energy Use
270.5K GJ
2023-24
📊 Emissions by Scope (2023-24)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 6.4K tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 35.9K tCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023-24 | 42.4K tCO2e |
| 2022-2023 | 46.5K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Significant initiatives to digitize customer offerings, enhancing transparency and accessibility to products and services. Digitization led to a decrease in paper-based processes, reducing the Bank's carbon footprint.
- Launched green loan facilities for E-Bike/Car (IOB Vehicle), renewable solar equipment (IOB Surya) and wind mills.
- Several initiatives for paperless banking like online account opening with video KYC, Electronic Bank Guarantee and national & cross border payment system with Bhim UPI.
🌱 ESG Focus Areas
Data PrivacyBusiness ContinuityEthical BehaviourSystemic Risk ManagementFinancial InclusionCustomer fairness and right-sellingEmployee Benefits & DevelopmentRegulatory & Legal CompliancesGHG Emissions ManagementESG Oversight