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 26 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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Five Star Business Finance's reported carbon emissions
In 2024, Five Star Business Finance reported total carbon emissions of approximately 2,580,010 kg CO2e, comprising 1,080 kg CO2e from Scope 1 and about 2,578,940 kg CO2e from Scope 2 emissions. This marks a reduction from 2023, where emissions totalled around 2,171,720 kg CO2e, with Scope 1 emissions at 1,200 kg CO2e and Scope 2 emissions at approximately 2,170,520 kg CO2e. In 2022, the company recorded emissions of about 1,400 kg CO2e for Scope 1 and 1,758,720 kg CO2e for Scope 2, totalling around 1,760,120 kg CO2e. Despite these figures, Five Star Business Finance has not set specific reduction targets or climate pledges, nor do they report on Scope 3 emissions. The company’s emissions data is not cascaded from any parent organisation, indicating that it operates independently in its reporting and climate commitments. Overall, while Five Star Business Finance has demonstrated a commitment to monitoring its emissions, further initiatives and targets would enhance its climate strategy and align it with industry standards.
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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 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.
