J&K Bank files FY26 sustainability report; emissions drop 6%
- J&K Bank filed its FY26 BRSR report on August 29, 2026
- Scope 1 and 2 emissions fell 6.1% to 22,506.06 tCO2e
- MSME sourcing increased to 21.64% from 14.58%
- Employee turnover dropped to 0.39% from 0.45%
*this image is generated using AI for illustrative purposes only.
Jammu and Kashmir Bank filed its Business Responsibility and Sustainability Report for FY26 on August 29, 2026. The disclosure covers environmental metrics, social governance, and operational data for the financial year ended March 31, 2026.
The bank reported a reduction in total Scope 1 and Scope 2 greenhouse gas emissions to 22,506.06 tCO2e, down from 23,958.21 tCO2e in the previous year. Total energy consumption also declined to 153,153.18 GJ from 160,297.37 GJ in FY25.
Environmental Performance
Jammu and Kashmir Bank aims for carbon neutrality by 2040. In FY26, the bank recorded 7,774.15 tCO2e in Scope 1 emissions and 14,731.91 tCO2e in Scope 2 emissions. Energy intensity per crore rupee of turnover fell to 10.87 GJ/crore ₹ from 11.72 GJ/crore ₹.
Water withdrawal decreased to 143.83 kilolitres from 153.43 kilolitres. The bank generated 142.501 metric tonnes of waste, primarily e-waste (74.409 MT) and battery waste (68.092 MT), with all desktops recycled through vendor buy-back programs.
Social and Governance Metrics
The bank employs 12,137 people, with women constituting 26% of the workforce. Permanent employee turnover dropped to 0.39% from 0.45% in FY25. The board includes one female director, representing 11% of total members.
Sourcing from MSMEs and small producers rose significantly to 21.64% of total inputs from 14.58% in the prior year. Wages paid to employees in rural areas accounted for 35% of total wage costs.
What the Numbers Show
While absolute water consumption fell, groundwater withdrawal dropped sharply from 82.02 kilolitres to 68.42 kilolitres, while third-party water usage increased from 70.912 kilolitres to 74.913 kilolitres. This shift suggests a strategic move away from direct groundwater extraction toward municipal or treated sources, potentially reducing ecological strain despite stable overall consumption levels.
| Metric | FY26 | FY25 | Change |
|---|---|---|---|
| Total GHG Emissions (tCO2e) | 22,506.06 | 23,958.21 | -6.1% |
| Energy Consumption (GJ) | 153,153.18 | 160,297.37 | -4.5% |
| MSME Sourcing (%) | 21.64% | 14.58% | +7.06 pts |
| Employee Turnover (%) | 0.39% | 0.45% | -0.06 pts |
The report received reasonable assurance from SR Asia for core BRSR indicators including greenhouse gas emissions, water footprint, and employee well-being spending.
Historical Stock Returns for Jammu & Kashmir Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.48% | +0.56% | -0.94% | +21.04% | +40.87% | +278.76% |
What specific infrastructure investments or technological upgrades is Jammu and Kashmir Bank planning to deploy to maintain its GHG emission reduction trajectory toward its 2040 carbon neutrality goal?
How might the significant increase in MSME sourcing to 21.64% impact the bank's supply chain resilience and exposure to regulatory compliance risks in the coming fiscal years?
Given the shift from groundwater to third-party water sources, what are the long-term cost implications and potential vulnerabilities related to municipal water supply reliability for the bank's operations?
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