Jio Financial Services
Jio Financial Services, a prominent player in the Indian financial sector, is headquartered in Mumbai, India. Established in 2023, the company has quickly positioned itself as a key provider of innovative financial solutions, catering to a diverse clientele across the country. Operating primarily in the fintech industry, Jio Financial Services offers a range of products, including digital payments, lending, and investment services. Its unique integration with the extensive Jio ecosystem enhances user experience and accessibility. With a commitment to leveraging technology for financial inclusion, Jio Financial Services aims to revolutionise the way individuals and businesses manage their finances. The company’s rapid growth and strategic initiatives have already garnered significant attention in the market, establishing it as a formidable competitor in the financial services landscape.
DitchCarbon Score
How does Jio Financial Services'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 Financial Intermediation 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
Jio Financial Services's score of 15 is lower than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Jio Financial Services's reported carbon emissions
In 2024, Jio Financial Services reported carbon emissions of approximately 80,900 kg CO2e, all of which fall under Scope 2 emissions, indicating indirect emissions from purchased electricity. Notably, there were no reported Scope 1 emissions, which pertain to direct emissions from owned or controlled sources. For the year 2023, no emissions data was disclosed, suggesting a lack of reporting for that period. Furthermore, Jio Financial Services has not established any specific reduction targets or climate pledges, indicating a potential area for future commitment in climate action. As of now, Jio Financial Services does not inherit emissions data from any parent or related organizations, maintaining a standalone reporting structure. The absence of Scope 3 emissions data also highlights a gap in their overall emissions profile, which typically includes indirect emissions from the value chain. Overall, while Jio Financial Services has made some progress in tracking its carbon footprint, there remains significant room for improvement in setting ambitious climate commitments and expanding its emissions reporting.
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| 2024 | |
|---|---|
| Scope 1 | - |
| Scope 2 | 80,900 |
| 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.
Jio Financial Services 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.
