Finolex Industries
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 51% 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 413,000,000 kg CO2e, comprising 357,962,000 kg CO2e from Scope 1, 53,555,000 kg CO2e from Scope 2, and about 21,059,000 kg CO2e from Scope 3 emissions. This data reflects a comprehensive disclosure of their emissions across all relevant scopes. For 2022, the company recorded total emissions of around 413,000,000 kg CO2e, with Scope 1 emissions at 397,746,000 kg CO2e, Scope 2 at 67,235,000 kg CO2e, and Scope 3 at approximately 10,636,000 kg CO2e. In 2021, Finolex Industries reported a significant Scope 3 emission total of 463,222,300 kg CO2e, indicating a focus on downstream impacts. Despite these figures, Finolex Industries has not set specific reduction targets or initiatives as part of their climate commitments. The company has not disclosed any Science-Based Targets Initiative (SBTi) reduction targets or other formal climate pledges, suggesting a potential area for future development in their sustainability strategy. Overall, while Finolex Industries has made strides in emissions reporting, the absence of defined reduction targets highlights an opportunity for enhanced climate action and commitment to sustainability in the industry context.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | - | - | 000,000,000 | 000,000,000 |
| Scope 2 | - | - | 00,000,000 | 00,000,000 |
| Scope 3 | 10,636,230 | 000,000,000 | 00,000,000.00 | 00,000,000.00 |
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.
Finolex Industries 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.
