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 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 higher 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, with emissions distributed across all three scopes: 377,000 kg CO2e (Scope 1), 15,690,000 kg CO2e (Scope 2), and 29,502,050 kg CO2e (Scope 3). This represents a significant increase in emissions compared to 2023, where total emissions were about 18,058,000 kg CO2e, with Scope 1 at 194,000 kg CO2e and Scope 2 at 12,627,000 kg CO2e. The company has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). The emissions data is not cascaded from a parent company, indicating that Cholamandalam Investment and Finance operates independently in its reporting. Overall, while Cholamandalam Investment and Finance has disclosed its emissions data, it currently lacks defined climate commitments or reduction strategies, placing it in a challenging position within the industry context of increasing climate accountability.
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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 |
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 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.
