Cholamandalam Investment And Finance
Cholamandalam Investment and Finance Company Limited, commonly referred to as Cholamandalam, is a prominent player in the Indian financial services sector. Headquartered in Chennai, India, the company has established a strong presence across various regions, offering a diverse range of financial solutions. Founded in 1978, Cholamandalam has achieved significant milestones, including its listing on the Bombay Stock Exchange and National Stock Exchange. Specialising in vehicle finance, home loans, and SME financing, Cholamandalam distinguishes itself through its customer-centric approach and innovative products tailored to meet the evolving needs of its clients. With a robust market position, the company has garnered recognition for its consistent growth and commitment to excellence, making it a trusted name in the industry.
DitchCarbon Score
How does Cholamandalam Investment And Finance'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 Investment And Finance's score of 32 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Cholamandalam Investment And Finance's reported carbon emissions
In 2023, Cholamandalam Investment and Finance reported total carbon emissions of approximately 18,058,000 kg CO2e, with emissions distributed across various scopes: 194,000 kg CO2e (Scope 1), 12,627,000 kg CO2e (Scope 2), and 18,058,000 kg CO2e (Scope 3). This marked a significant increase in Scope 3 emissions compared to previous years, reflecting the company's ongoing business activities. In 2022, the company recorded total emissions of about 9,659,000 kg CO2e from Scope 2 and 2,883,000 kg CO2e from Scope 3, while Scope 1 emissions remained constant at 267,000 kg CO2e. The emissions data for 2021 showed similar figures, with total emissions of approximately 9,659,000 kg CO2e from Scope 2 and 2,883,000 kg CO2e from Scope 3. Despite the increase in emissions, Cholamandalam has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company continues to monitor its emissions, but further details on its climate commitments or strategies for reducing its carbon footprint are not available.
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Add to project| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 267,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 9,659,000 | 0,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 2,883,000 | 0,000,000 | 00,000,000 | 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 Investment And Finance 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.
