Cholamandalam Financial Holdings Limited
Cholamandalam Financial Holdings Limited, commonly referred to as Cholamandalam, is a prominent player in the Indian financial services sector, headquartered in Chennai, India. Established in 1978, the company has evolved significantly, marking key milestones in its journey, including expansions into various financial domains. Operating primarily in the fields of vehicle finance, home loans, and corporate finance, Cholamandalam distinguishes itself with tailored financial solutions that cater to diverse customer needs. Its unique approach combines robust risk management with customer-centric services, positioning it as a trusted partner in the financial landscape. With a strong market presence and a reputation for reliability, Cholamandalam has achieved notable recognition, making it a key contender in the Indian financial services industry. The company continues to innovate and adapt, ensuring it meets the evolving demands of its clientele.
DitchCarbon Score
How does Cholamandalam Financial Holdings 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 Services Auxiliary to 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
Cholamandalam Financial Holdings Limited's score of 22 is lower than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Cholamandalam Financial Holdings Limited's reported carbon emissions
In 2024, Cholamandalam Financial Holdings Limited reported total carbon emissions of approximately 26,000,000 kg CO2e, comprising 404,000 kg CO2e from Scope 1, 12,402,000 kg CO2e from Scope 2, and 22,073,000 kg CO2e from Scope 3 emissions. This reflects a slight decrease in emissions compared to 2023, where total emissions were about 29,502,050 kg CO2e, with Scope 1 at 377,000 kg CO2e, Scope 2 at 15,690,000 kg CO2e, and Scope 3 at 29,502,050 kg CO2e. Cholamandalam has not set specific reduction targets or climate pledges, indicating a lack of formal commitments to reduce emissions at this time. The company’s emissions data is not cascaded from any parent organization, and all reported figures are derived directly from Cholamandalam Financial Holdings Limited. The company’s emissions intensity for Scope 1 and Scope 2, adjusted for Purchasing Power Parity (PPP), was reported at 0.001966 kg CO2e per rupee of turnover in 2024. This metric provides insight into the emissions efficiency relative to revenue generation. Overall, while Cholamandalam Financial Holdings Limited has made strides in tracking its emissions, the absence of reduction targets suggests an opportunity for enhanced climate action and commitment to sustainability in the financial sector.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 194,000 | 000,000 |
| Scope 2 | 12,627,000 | 00,000,000 |
| Scope 3 | 18,058,000 | 00,000,000 |
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.
Cholamandalam Financial Holdings 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.
