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 24 is lower than 59% 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 its carbon emissions for the year 2023, totalling approximately 9,678,470 kg CO2e. This figure comprises 95,670 kg CO2e from Scope 1 emissions and 9,088,800 kg CO2e from Scope 2 emissions. In comparison, the previous year's emissions in 2022 were about 10,184,020 kg CO2e, with 92,560 kg CO2e from Scope 1 and 10,188,460 kg CO2e from Scope 2. This indicates a slight reduction in total emissions year-on-year. Asirvad Micro Finance Limited is part of a corporate family relationship with Manappuram Finance Limited, from which it inherits emissions data. The company has set ambitious reduction targets, aiming for a 30% decrease in both Scope 1 and Scope 2 emissions by 2030, with initiatives already in place to achieve this goal. These targets reflect a commitment to sustainability and align with industry standards for climate action. Overall, Asirvad Micro Finance Limited is actively working towards reducing its carbon footprint while contributing to broader climate commitments within the financial services 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 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.
