Finolex Cables Limited Sustainability Profile
Finolex Cables Limited, a leading name in the Indian electrical and telecommunications industry, is headquartered in Pune, Maharashtra. Established in 1958, the company has grown to become a prominent manufacturer of a diverse range of cables and wires, including PVC insulated cables, power cables, and communication cables. With a strong presence across India, Finolex is renowned for its commitment to quality and innovation, consistently delivering products that meet stringent industry standards. The company’s core offerings, such as its robust electrical cables and advanced telecom solutions, are distinguished by their durability and reliability. Finolex Cables has achieved significant milestones, including being one of the largest manufacturers in the country, and continues to maintain a strong market position through its focus on research and development, ensuring it remains at the forefront of the industry.
DitchCarbon Score
How does Finolex Cables 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 Other Non-Ferrous Metal Products 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
Finolex Cables Limited's score of 10 is lower than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Finolex Cables Limited's reported carbon emissions
In 2023, Finolex Cables Limited reported total carbon emissions of approximately 18,089,000 kg CO2e, comprising 659,000 kg CO2e from Scope 1 and 17,430,000 kg CO2e from Scope 2. This represents a slight decrease from 2022, where emissions were about 15,284,000 kg CO2e, with Scope 1 emissions at 769,000 kg CO2e and Scope 2 at 14,515,000 kg CO2e. For 2024, Finolex has not disclosed specific emissions data but has provided emission intensity metrics, reporting a total Scope 1 and Scope 2 emission intensity of about 832.895 kg CO2e per tonne of physical output. Currently, Finolex Cables Limited has not set any specific reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges. The company’s emissions data is not cascaded from any parent organization, indicating that all reported figures are independently sourced from Finolex Cables Limited. Overall, while Finolex Cables Limited has made strides in tracking its emissions, further commitments and reduction targets would enhance its climate strategy.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 769,000 | 000,000 |
| Scope 2 | 14,515,000 | 00,000,000 |
| Scope 3 | - | - |
How Carbon Intensive is Finolex Cables Limited's Industry?
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Finolex Cables 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.
Finolex Cables 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.
