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 21 is lower than 73% 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 27,155,570 kg CO2e, with Scope 1 emissions at 6,703,330 kg CO2e and Scope 2 emissions at 26,845,240 kg CO2e. The emissions intensity per rupee of turnover for 2023 was reported at approximately 7.4e-10 kg CO2e, indicating a focus on reducing emissions relative to revenue. Despite the substantial emissions 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 emissions reporting, it currently lacks defined reduction initiatives or commitments to mitigate its carbon footprint.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 6,703,330 | 0,000,000 |
| Scope 2 | 26,845,240 | 00,000,000 |
| 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.
