Asirvad Micro Finance Limited
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 19 is lower than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Asirvad Micro Finance Limited's reported carbon emissions
Asirvad Micro Finance Limited, headquartered in India, reported its carbon emissions for the year 2023, totalling approximately 9,087,800 kg CO2e from Scope 2 emissions and about 95,670 kg CO2e from Scope 1 emissions. This reflects a slight increase in Scope 1 emissions compared to 2022, where Scope 1 emissions were about 92,560 kg CO2e, while Scope 2 emissions were approximately 10,188,460 kg CO2e. Despite these figures, Asirvad Micro Finance Limited has not established specific reduction targets or climate pledges, indicating a potential area for future commitment. The company has disclosed emissions data for Scope 1 and Scope 2 but has not provided information regarding Scope 3 emissions. Asirvad's revenue for 2023 was approximately USD 97,517,439, which may suggest a growing operational footprint. The company’s emissions intensity, calculated as emissions per unit of revenue, shows a decrease from the previous year, indicating improved efficiency in their operations. Overall, while Asirvad Micro Finance Limited has made strides in understanding its carbon footprint, the absence of formal reduction targets highlights an opportunity for enhanced climate action and commitment to sustainability in the microfinance sector.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 92,560 | 00,000 |
| Scope 2 | 10,188,460 | 0,000,000 |
| Scope 3 | - | - |
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.
Asirvad Micro Finance Limited is not committed to any reduction initiatives 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.
