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 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 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Cholamandalam Financial Holdings Limited's reported carbon emissions
Cholamandalam Financial Holdings Limited, headquartered in India, has reported its carbon emissions data for the years 2022 and 2023. In 2023, the company emitted approximately 194,000 kg CO2e in Scope 1 emissions, 14,635,000 kg CO2e in Scope 2 emissions, and 8,032,000 kg CO2e in Scope 3 emissions. This reflects a notable increase in Scope 3 emissions compared to 2022, where the figures were 2,883,000 kg CO2e for Scope 3, 267,000 kg CO2e for Scope 1, and 11,484,170 kg CO2e for Scope 2. Looking ahead to 2024, the emissions are projected to rise further, with Scope 1 emissions at 404,000 kg CO2e, Scope 2 emissions at 12,402,000 kg CO2e, and Scope 3 emissions significantly increasing to 22,073,000 kg CO2e. Despite these figures, Cholamandalam Financial Holdings Limited has not disclosed any specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction strategies suggests a need for the company to enhance its climate action framework in alignment with industry standards.
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Add to project| 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 |
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 committed to any reduction initiatives 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.
