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Public Profile
Services Auxiliary to Financial Intermediation
IN
updated 11 days ago

Cholamandalam Financial Holdings Limited

Company website

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.

26

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.

29

Industry Benchmark

Cholamandalam Financial Holdings Limited's score of 26 is lower than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.

41%

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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, comprising 194,000 kg CO2e from Scope 1, 14,676,060 kg CO2e from Scope 2, and 8,032,000 kg CO2e from Scope 3 emissions. This represents a notable increase in emissions compared to 2022, when the company recorded total emissions of about 11,483,170 kg CO2e, with 267,000 kg CO2e from Scope 1, 11,484,170 kg CO2e from Scope 2, and 2,883,000 kg CO2e from Scope 3. Cholamandalam Financial Holdings Limited has not set specific reduction targets or climate pledges, and there are no initiatives reported under the Science Based Targets initiative (SBTi). The company does not inherit emissions data from a parent organisation, indicating that all reported figures are independently sourced. Overall, while Cholamandalam Financial Holdings Limited has made strides in emissions reporting, the absence of reduction targets highlights an area for potential improvement in their climate commitments.

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20222023
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

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Cholamandalam Financial Holdings Limited's primary industry is Services auxiliary to financial intermediation (67), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Cholamandalam Financial Holdings Limited is in IN, which has a very high grid carbon intensity relative to other regions.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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