Finolex Industries Sustainability Profile
Finolex Industries Limited, a leading name in the Indian manufacturing sector, is headquartered in Pune, Maharashtra. Established in 1981, the company has carved a niche in the plastic and PVC pipe industry, becoming a trusted provider of high-quality products across various regions in India. Specialising in the production of PVC pipes, fittings, and electrical cables, Finolex is renowned for its commitment to innovation and quality. The company’s core offerings are distinguished by their durability and reliability, catering to diverse applications in agriculture, construction, and infrastructure. With a strong market presence, Finolex Industries has achieved significant milestones, including being one of the largest manufacturers of PVC pipes in India. Its dedication to excellence has solidified its position as a preferred choice among consumers and industry professionals alike.
DitchCarbon Score
How does Finolex Industries'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 Services 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 Industries's score of 26 is lower 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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Finolex Industries's reported carbon emissions
In 2023, Finolex Industries reported total carbon emissions of approximately 357,962,000 kg CO2e for Scope 1, 53,555,000 kg CO2e for Scope 2, and 21,058,755 kg CO2e for Scope 3. This data reflects a comprehensive approach to emissions reporting, with disclosures across all three scopes. In 2022, the company recorded emissions of about 397,746,000 kg CO2e for Scope 1, 67,235,000 kg CO2e for Scope 2, and 10,636,230 kg CO2e for Scope 3, indicating a slight reduction in Scope 1 and Scope 3 emissions year-on-year. Despite these figures, Finolex Industries has not set specific reduction targets or climate pledges, nor are there any initiatives reported under the Science Based Targets initiative (SBTi). The company’s emissions intensity for Scope 1 and Scope 2 was reported at approximately 799.3 tonnes CO2e per unit of revenue in 2024, showcasing their ongoing commitment to monitoring and managing their carbon footprint. Overall, while Finolex Industries has made strides in emissions reporting, the absence of formal reduction targets highlights an area for potential improvement in their climate commitments.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 397,746,000 | 000,000,000 |
| Scope 2 | 67,235,000 | 00,000,000 |
| Scope 3 | 10,636,230.53 | 00,000,000.00 |
How Carbon Intensive is Finolex Industries's Industry?
How Carbon Intensive is Finolex Industries's Location?
Finolex Industries'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 Industries 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.
