Asirvad Micro Finance Limited Sustainability Profile
Asirvad Micro Finance Limited, a prominent player in the microfinance sector, is headquartered in India and primarily operates across various states, including Tamil Nadu, Karnataka, and Maharashtra. Founded in 2007, the company has made significant strides in empowering underserved communities through financial inclusion. Specialising in microloans, Asirvad offers a range of products tailored to meet the needs of low-income individuals and small businesses. Their unique approach combines personalised service with innovative financial solutions, setting them apart in the industry. With a strong market presence, Asirvad has achieved notable milestones, including recognition for its commitment to social impact and sustainable growth. Asirvad Micro Finance Limited continues to play a vital role in fostering economic development and improving livelihoods across India.
DitchCarbon Score
How does Asirvad Micro Finance 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
Asirvad Micro Finance Limited's score of 21 is lower than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Asirvad Micro Finance Limited's reported carbon emissions
Asirvad Micro Finance Limited, headquartered in India, reported significant carbon emissions for the year 2023, totalling approximately 24,188,050 kg CO2e. This figure comprises 5,638,410 kg CO2e from Scope 1 emissions and 19,052,640 kg CO2e from Scope 2 emissions. The company has disclosed emissions data for both Scope 1 and Scope 2, but does not currently report on Scope 3 emissions. In 2022, Asirvad's emissions were slightly higher, amounting to about 33,755,570 kg CO2e, with Scope 1 emissions at 6,703,330 kg CO2e and Scope 2 emissions at 26,845,240 kg CO2e. This indicates a reduction in total emissions from 2022 to 2023. Despite these figures, Asirvad Micro Finance Limited has not set specific reduction targets or climate pledges, nor does it participate in initiatives such as the Science Based Targets initiative (SBTi). The emissions data is cascaded from its parent company, Manappuram Finance Limited, reflecting the corporate family relationship. Overall, while Asirvad Micro Finance Limited has made strides in reducing its emissions, the absence of formal reduction targets highlights an area for potential improvement in its climate commitments.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 6,703,330 | 0,000,000 |
| Scope 2 | 26,845,240 | 00,000,000 |
| Scope 3 | - | - |
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Asirvad Micro Finance Limited's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Asirvad Micro Finance Limited has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
