Asirvad Micro Finance Limited Sustainability Profile

Asirvad Micro Finance Limited reported total carbon emissions of approximately 9.2 million kg CO2e for the year 2023. This figure comprises about 95,670 kg CO2e from Scope 1 emissions and approximately 9.1 million kg CO2e from Scope 2 emissions. The company has not disclosed any Scope 3 emissions data. In comparison, the previous year, 2022, Asirvad Micro Finance Limited's total emissions were approximately 10.3 million kg CO2e, with Scope 1 emissions at about 92,560 kg CO2e and Scope 2 emissions at approximately 10.2 million kg CO2e. This indicates a reduction of about 1.1 million kg CO2e from 2022 to 2023. Despite these figures, Asirvad Micro Finance Limited has not set any specific reduction targets or climate pledges, nor do they have any initiatives reported under the Science Based Targets initiative (SBTi). The emissions data is cascaded from their parent company, Manappuram Finance Limited, reflecting their current subsidiary relationship. Overall, while Asirvad Micro Finance Limited has shown a decrease in emissions year-on-year, the absence of formal reduction targets highlights an area for potential improvement in their climate commitments.