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
Aavas Financiers Limited, headquartered in India, reported significant carbon emissions for the year 2023, totalling approximately 1,610,000 kg CO2e for Scope 1, 2,454,130,000 kg CO2e for Scope 2, and 6,147,000,000 kg CO2e for Scope 3 emissions. This data reflects a comprehensive assessment of their carbon footprint across all three scopes, indicating a substantial reliance on indirect emissions, particularly in Scope 3. In 2022, the company recorded emissions of about 4,640,000 kg CO2e for Scope 1, 1,913,330,000 kg CO2e for Scope 2, and 12,463,500,000 kg CO2e for Scope 3. The emissions intensity metrics for 2023 show a carbon emissions per employee figure of approximately 920 kg CO2e and a carbon emissions per rupee of turnover of about 0.000437 kg CO2e. Despite these figures, 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, indicating a potential area for future development in their sustainability strategy. Overall, Aavas Financiers Limited's emissions data highlights the need for enhanced climate action and transparency in their environmental commitments, particularly in addressing the significant Scope 3 emissions that dominate their 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
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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.
