Cholamandalam Financial Holdings Limited Sustainability Profile
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 34 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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Cholamandalam Financial Holdings Limited's reported carbon emissions
In 2024, Cholamandalam Financial Holdings Limited reported total carbon emissions of approximately 22,073,000 kg CO2e from Scope 3, 12,402,000 kg CO2e from Scope 2, and 404,000 kg CO2e from Scope 1. This data reflects a significant increase in emissions compared to 2023, where the company recorded approximately 8,032,000 kg CO2e in Scope 3, 14,635,000 kg CO2e in Scope 2, and 194,000 kg CO2e in Scope 1. The emissions data for 2022 shows that the company had approximately 2,883,000 kg CO2e in Scope 3, 11,484,170 kg CO2e in Scope 2, and 267,000 kg CO2e in Scope 1. This indicates a trend of increasing emissions over the years, particularly in Scope 3, which encompasses indirect emissions from the value chain. Cholamandalam Financial Holdings Limited has not set specific reduction targets or climate pledges, nor does it appear to have cascaded data from a parent company. The absence of defined reduction initiatives suggests a need for the company to establish clear climate commitments to align with industry standards and expectations. Overall, while the company has disclosed comprehensive emissions data across all scopes, its lack of reduction targets highlights an area for potential improvement in its climate strategy.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 267,000 | 000,000 | 000,000 |
| Scope 2 | 11,484,170 | 00,000,000 | 00,000,000 |
| Scope 3 | 2,883,000 | 0,000,000 | 00,000,000 |
How Carbon Intensive is Cholamandalam Financial Holdings Limited's Industry?
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Cholamandalam Financial Holdings 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.
Cholamandalam Financial Holdings 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.
