Five Star Business Finance
Five Star Business Finance, a prominent player in the Indian financial services sector, is headquartered in Chennai, Tamil Nadu. Established in 1984, the company has carved a niche in providing secured business loans and personal loans, catering primarily to small and medium enterprises (SMEs) across various regions in India. With a focus on customer-centric solutions, Five Star Business Finance stands out for its quick loan disbursement and flexible repayment options, making it a preferred choice for entrepreneurs seeking financial support. The company has achieved significant milestones, including a robust market presence and a reputation for reliability and transparency in its operations. As a leader in the non-banking financial company (NBFC) space, Five Star Business Finance continues to empower businesses with tailored financial products, reinforcing its commitment to fostering economic growth in the communities it serves.
DitchCarbon Score
How does Five Star Business Finance'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 Business 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
Five Star Business Finance's score of 24 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Five Star Business Finance's reported carbon emissions
In 2023, Five Star Business Finance reported total carbon emissions of approximately 2,171,720 kg CO2e, comprising 1,200 kg CO2e from Scope 1 and 2,170,520 kg CO2e from Scope 2 emissions. This represents a slight decrease from 2022, where total emissions were about 2,175,720 kg CO2e. The company has shown a commitment to reducing its carbon footprint, with emissions from Scope 1 decreasing from 1,400 kg CO2e in 2022 to 1,200 kg CO2e in 2023, and further to 1,080 kg CO2e in 2024. Despite these reductions, Five Star Business Finance has not set specific reduction targets or climate pledges, indicating a potential area for future commitment. The company continues to focus on its operational emissions, primarily from energy consumption, as evidenced by the significant Scope 2 emissions. As it moves forward, establishing clear climate targets could enhance its sustainability profile and align with industry standards for climate action.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 1,400 | 0,000 | 0,000 |
| Scope 2 | 1,758,720 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - |
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.
Five Star Business Finance is not committed to any reduction initiatives 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.
