Creditaccess Grameen
CreditAccess Grameen, a leading microfinance institution headquartered in India, has been empowering underserved communities since its inception in 2008. With a strong presence in major operational regions across Karnataka, Maharashtra, and Tamil Nadu, the company focuses on providing financial services to low-income households, particularly women. Specialising in microloans, CreditAccess Grameen offers unique products designed to foster entrepreneurship and improve livelihoods. The institution has achieved significant milestones, including a robust client base and recognition for its commitment to financial inclusion. As a prominent player in the microfinance sector, CreditAccess Grameen continues to set benchmarks in responsible lending and social impact, solidifying its position as a trusted partner for economic empowerment in India.
DitchCarbon Score
How does Creditaccess Grameen'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
Creditaccess Grameen's score of 33 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Creditaccess Grameen's reported carbon emissions
In 2023, Creditaccess Grameen reported total carbon emissions of approximately 4,206,300 kg CO2e. This figure includes Scope 1 emissions of about 144,510 kg CO2e, primarily from mobile combustion and fugitive emissions, Scope 2 emissions of approximately 4,061,790 kg CO2e, and significant Scope 3 emissions totalling around 8,813,360 kg CO2e. For 2024, the company anticipates an increase in total emissions to about 4,418,340 kg CO2e, with Scope 1 emissions projected at approximately 124,290 kg CO2e, Scope 2 emissions at around 4,294,040 kg CO2e, and Scope 3 emissions expected to rise to about 12,990,110 kg CO2e. Despite these figures, Creditaccess Grameen has not disclosed any specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented reduction strategies suggests a need for enhanced climate commitments within the organisation. As the company continues to grow, addressing its carbon emissions will be crucial for aligning with global climate goals and improving sustainability practices.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 30,400 | 000,000 | 000,000 |
| Scope 2 | 3,349,920 | 0,000,000 | 0,000,000 |
| Scope 3 | 7,049,480 | 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.
Creditaccess Grameen 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.
