Bajaj Finserv Sustainability Profile
Bajaj Finserv Limited, headquartered in Pune, India, is a leading financial services company that has been shaping the industry since its inception in 2007. Operating primarily in the Indian market, Bajaj Finserv offers a diverse range of products, including personal loans, home loans, insurance, and investment solutions, catering to the evolving needs of consumers and businesses alike. Renowned for its customer-centric approach, Bajaj Finserv stands out with its innovative digital platforms that streamline the borrowing and investment processes. The company has achieved significant milestones, including a robust presence in the lending sector and recognition for its exceptional service quality. With a strong market position, Bajaj Finserv continues to empower millions of customers, making it a trusted name in the financial services landscape.
DitchCarbon Score
How does Bajaj Finserv'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
Bajaj Finserv's score of 36 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bajaj Finserv's reported carbon emissions
In 2024, Bajaj Finserv reported total carbon emissions of approximately 76,899,000 kg CO2e. This figure includes 6,057,000 kg CO2e from Scope 1 emissions, 42,089,000 kg CO2e from Scope 2 emissions, and 28,753,000 kg CO2e from Scope 3 emissions. The company has disclosed emissions data across all three scopes, demonstrating a comprehensive approach to carbon accounting. In 2023, the total emissions were about 48,000,000 kg CO2e, with Scope 1 emissions at 14,843,000 kg CO2e, Scope 2 at 36,793,000 kg CO2e, and Scope 3 at 18,747,000 kg CO2e. This indicates a significant increase in emissions from 2023 to 2024. Bajaj Finserv's emissions for 2022 were reported at approximately 49,341,580 kg CO2e, with Scope 1 emissions of 12,585,240 kg CO2e, Scope 2 at 26,833,470 kg CO2e, and Scope 3 at 9,922,870 kg CO2e. The company has shown a trend of increasing emissions over the years, with 2021 emissions recorded at about 38,646,620 kg CO2e. Despite the rising emissions, there are currently no specific reduction targets or climate pledges disclosed by Bajaj Finserv. The company does not appear to have cascaded data from any parent organisation, and all reported figures are sourced directly from Bajaj Finserv Ltd. Overall, while Bajaj Finserv has made strides in transparency regarding its carbon emissions, the absence of defined reduction initiatives highlights an area for potential improvement in its climate commitments.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 6,804,980 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 2 | 17,401,060 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 2,466,710 | 0,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Bajaj Finserv's Industry?
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Bajaj Finserv'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.
Bajaj Finserv 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.
