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Public Profile
Financial Intermediation
IN
updated 10 days ago

Creditaccess Grameen

Company website

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.

35

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.

27

Industry Benchmark

Creditaccess Grameen's score of 35 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.

60%

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Creditaccess Grameen's reported carbon emissions

In 2024, Creditaccess Grameen reported total carbon emissions of approximately 12,990,110 kg CO2e, with emissions distributed across various scopes: 124,290 kg CO2e from Scope 1, 4,294,040 kg CO2e from Scope 2, and 12,990,110 kg CO2e from Scope 3. The total emissions from Scope 1 and 2 combined were about 4,418,340 kg CO2e. In 2023, the organisation's emissions were slightly lower, totalling around 8,813,360 kg CO2e, with Scope 1 emissions at 144,510 kg CO2e and Scope 2 emissions at 4,061,790 kg CO2e. The combined Scope 1 and 2 emissions for that year were approximately 4,206,300 kg CO2e. For 2022, the total emissions were reported at about 10,430,000 kg CO2e, with Scope 1 emissions of 30,410 kg CO2e and Scope 2 emissions of 3,350,000 kg CO2e. Despite these figures, Creditaccess Grameen has not set specific reduction targets or climate pledges, and there are no documented initiatives aimed at reducing emissions. The emissions data is cascaded from its parent company, CreditAccess Grameen Limited, indicating a corporate family relationship that influences its reporting and performance metrics. Overall, while Creditaccess Grameen has made strides in emissions reporting, the absence of defined reduction targets highlights an area for potential improvement in their climate commitments.

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202220232024
Scope 1
30,410
000,000
000,000
Scope 2
3,350,000
0,000,000
0,000,000
Scope 3
7,049,000
0,000,000
00,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Creditaccess Grameen's primary industry is Financial intermediation services, except insurance and pension funding services (65), 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 Creditaccess Grameen 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.

Creditaccess Grameen 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?

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