Cholamandalam Investment And Finance Sustainability Profile
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 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 Investment And Finance's score of 28 is lower than 53% 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 Investment And Finance's reported carbon emissions
In 2024, Cholamandalam Investment and Finance reported total carbon emissions of approximately 29,502,050 kg CO2e across all scopes. This includes 377,000 kg CO2e from Scope 1, which covers direct emissions from owned or controlled sources, and 15,690,000 kg CO2e from Scope 2, representing indirect emissions from the generation of purchased electricity. Scope 3 emissions, which account for the majority of their carbon footprint, totalled about 29,502,050 kg CO2e. Comparatively, in 2023, the company recorded total emissions of about 18,058,000 kg CO2e, with Scope 1 emissions at 194,000 kg CO2e and Scope 2 emissions at 12,627,000 kg CO2e. This indicates a significant increase in emissions from 2023 to 2024, particularly in Scope 3 emissions. Cholamandalam has not set specific reduction targets or initiatives as part of their climate commitments, nor do they participate in initiatives such as the Science Based Targets initiative (SBTi). The absence of documented reduction targets suggests a need for enhanced climate action strategies within the organisation. Overall, Cholamandalam Investment and Finance's emissions data reflects a substantial reliance on indirect emissions, particularly in Scope 3, highlighting the importance of addressing these areas for future sustainability efforts.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 267,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 9,659,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 2,883,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Cholamandalam Investment And Finance's Industry?
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Cholamandalam Investment And Finance'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 Investment And Finance 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.
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