Equitas Micro Finance Limited Sustainability Profile
Equitas Micro Finance Limited, a prominent player in the microfinance sector, is headquartered in India. Established in 2007, the company has made significant strides in empowering underserved communities across various regions, including Tamil Nadu, Maharashtra, and Gujarat. Specialising in microloans and financial inclusion services, Equitas aims to provide accessible financial solutions tailored to the needs of low-income individuals and small businesses. With a commitment to social impact, Equitas Micro Finance Limited stands out for its innovative approach to lending, offering unique products such as income-generating loans and group lending schemes. The company has garnered recognition for its robust growth and customer-centric services, positioning itself as a leader in the microfinance industry. Through its dedication to financial literacy and sustainable development, Equitas continues to make a meaningful difference in the lives of its clients.
DitchCarbon Score
How does Equitas Micro Finance Limited'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
Equitas Micro Finance Limited's score of 30 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Equitas Micro Finance Limited, headquartered in India, currently does not have specific carbon emissions data available for the most recent year. The company is part of a corporate family that includes Equitas Small Finance Bank Limited, from which it inherits emissions data and performance metrics. As of now, Equitas Micro Finance Limited has not set any documented reduction targets or climate pledges. The absence of specific emissions data and reduction initiatives suggests that the company may still be in the early stages of formalising its climate commitments. Given the lack of direct emissions data, it is important to note that the broader context of the microfinance and banking sectors is increasingly focused on sustainability and climate action. Companies in this space are often encouraged to adopt frameworks such as the Science Based Targets initiative (SBTi) to align their operations with global climate goals. In summary, while Equitas Micro Finance Limited does not currently report specific emissions or reduction targets, its affiliation with Equitas Small Finance Bank Limited may provide a pathway for future climate commitments and performance improvements.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 138,400 | 000,000 | 000,000 |
| Scope 2 | 440,530 | 000,000 | 000,000 |
| Scope 3 | - | - | - |
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Equitas Micro Finance Limited'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.
Equitas Micro Finance Limited 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.
