aavas financiers limited
Aavas Financiers Limited, commonly referred to as Aavas, is a prominent player in the Indian financial services sector, headquartered in Jaipur, Rajasthan. Founded in 2011, the company has rapidly established itself as a leading provider of home loans, particularly catering to the underserved segments of the market. Aavas focuses on affordable housing finance, offering a range of products that include home loans, loan against property, and construction finance. With a strong presence across various states in India, Aavas has achieved significant milestones, including a robust loan book and a growing customer base. The company is recognised for its customer-centric approach and innovative solutions, which set it apart in a competitive landscape. Aavas Financiers Limited continues to strengthen its market position, contributing to the financial inclusion of millions in India.
DitchCarbon Score
How does aavas financiers 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
aavas financiers limited's score of 23 is lower than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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aavas financiers limited's reported carbon emissions
In 2023, Aavas Financiers Limited reported significant carbon emissions, totalling approximately 6,147,000,000 kg CO2e for Scope 3, 2,454,130,000 kg CO2e for Scope 2, and 161,000,000 kg CO2e for Scope 1. This data highlights the company's substantial carbon footprint across all three scopes of emissions, with Scope 3 emissions being the most significant contributor. For the year 2022, the company reported emissions of about 12,463,500,000 kg CO2e for Scope 3, 1,913,330 kg CO2e for Scope 2, and 4,640 kg CO2e for Scope 1 on a global scale. In India, the emissions were approximately 1,913,330 kg CO2e for Scope 2 and 4,640 kg CO2e for Scope 1, indicating a more localized impact. Aavas Financiers Limited has not disclosed any specific reduction targets or initiatives as part of their climate commitments. There are no SBTi (Science Based Targets initiative) reduction targets or climate pledges reported, suggesting that the company may still be in the early stages of formalising its climate strategy. The emissions data is not cascaded from any parent or related organisation, indicating that Aavas Financiers Limited is independently reporting its carbon emissions. The company continues to monitor its emissions intensity, with metrics such as 280 kg CO2e per employee and 0.000437 kg CO2e per rupee of turnover reported for 2023. Overall, Aavas Financiers Limited's emissions data underscores the need for enhanced climate commitments and reduction strategies to address its substantial carbon footprint.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 4,640,000 | 000,000,000 |
| Scope 2 | 1,913,330,000 | 0,000,000,000 |
| Scope 3 | 12,463,500,000 | 0,000,000,000 |
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.
aavas financiers 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.
