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 26 is lower than 58% 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 2023, Cholamandalam Financial Holdings Limited reported total carbon emissions of approximately 14,000,060 kg CO2e, with emissions distributed across various scopes: 194,000 kg CO2e for Scope 1, 14,606,060 kg CO2e for Scope 2, and 8,032,000 kg CO2e for Scope 3. This data reflects a significant increase in emissions compared to 2022, where total emissions were about 11,483,170 kg CO2e, with Scope 1 emissions at 267,000 kg CO2e, Scope 2 at 11,484,170 kg CO2e, and Scope 3 at 2,883,000 kg CO2e. Cholamandalam Financial Holdings Limited has not set specific reduction targets or climate pledges, indicating a lack of formal commitments to reduce emissions at this time. The company does not inherit emissions data from a parent organisation, and all reported figures are directly from Cholamandalam Financial Holdings Limited. The absence of reduction initiatives or targets suggests that the company may need to enhance its climate strategy to align with industry standards and expectations for sustainability.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 267,000 | 000,000 |
| Scope 2 | 11,484,170 | 00,000,000 |
| Scope 3 | 2,883,000 | 0,000,000 |
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.
