Belstar Microfinance Limited Sustainability Profile
Belstar Microfinance Limited, headquartered in India, is a prominent player in the microfinance sector, dedicated to empowering underserved communities through financial inclusion. Founded in 2008, the company has established a strong presence across various regions, focusing primarily on rural and semi-urban areas. Specialising in microloans, Belstar offers a range of financial 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 competitive microfinance landscape. With a commitment to social impact, Belstar has achieved significant milestones, including a growing client base and recognition for its contributions to financial literacy. As a trusted name in microfinance, Belstar Microfinance Limited continues to play a vital role in fostering economic development and improving livelihoods across India.
DitchCarbon Score
How does Belstar Microfinance 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 Business Services 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
Belstar Microfinance Limited's score of 24 is lower than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Belstar Microfinance Limited, headquartered in India, currently does not have specific carbon emissions data available for the most recent year. The company is a current subsidiary of Muthoot Finance Limited, which may influence its climate-related initiatives and performance metrics. As of now, Belstar Microfinance Limited has not set any documented reduction targets or climate pledges. The absence of specific emissions data and reduction initiatives suggests that the company may still be in the early stages of developing a comprehensive climate strategy. Given its affiliation with Muthoot Finance Limited, any potential emissions data or climate commitments may be inherited from this parent organization. However, no specific figures or targets have been disclosed in relation to Belstar Microfinance Limited's operations. In summary, while Belstar Microfinance Limited is part of a larger corporate family, it currently lacks detailed emissions data and defined climate commitments. The company may benefit from aligning its sustainability efforts with those of Muthoot Finance Limited to enhance its environmental impact and accountability.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 11,307,000 | 00,000,000 |
| Scope 2 | 54,954,000 | 00,000,000 |
| Scope 3 | - | - |
How Carbon Intensive is Belstar Microfinance Limited's Industry?
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Belstar Microfinance Limited'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.
Belstar Microfinance Limited 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.
