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Mahanagar Gas Limited (MGL) is a prominent player in the insurance and pension funding services sector, with its headquarters located in India. Established in 1997, the company has grown to become a key provider of natural gas distribution, primarily serving Mumbai and surrounding regions. While its core operations focus on the distribution of piped natural gas, Mahanagar Gas also offers related services that support sustainable energy solutions.
The company’s unique approach combines reliable infrastructure with a commitment to environmental sustainability, setting it apart within the industry. Over the years, Mahanagar Gas has achieved notable milestones, establishing a strong market position in India’s energy sector. Its expertise in delivering safe, efficient energy solutions makes it a trusted name in the region’s natural gas distribution landscape.
-12 vs industry average
Mahanagar Gas’s score of 27 is lower than 39% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Insurance Services is among the least carbon-intensive industries
The Insurance Services industry has reduced its overall emissions by 25% since 2018
Scope 3 accounts for ••• of total emissions.
Mahanagar Gas, an Indian firm in the insurance and pension funding services sector, reported total carbon emissions of approximately 3.32 billion kg CO2e for the fiscal year ending in 2024. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions.
For the previous year, ending in 2023, total emissions stood at approximately 3.14 billion kg CO2e. Prior to that, in the fiscal year ending 2023 (referring to the 2022 reporting year), total emissions were around 2.33 billion kg CO2e, with Scope 1 emissions at about 113.07 million kg CO2e, Scope 2 at approximately 77.44 million kg CO2e, and Scope 3 at roughly 2.14 billion kg CO2e.
In the fiscal year ending 2023 (referring to the 2021 reporting year), total emissions were approximately 1.68 billion kg CO2e, comprising Scope 1 emissions of about 47.05 million kg CO2e, Scope 2 emissions of approximately 55.62 million kg CO2e, and Scope 3 emissions of around 1.58 billion kg CO2e.
The company's environmental reporting for the fiscal year ending 2023 (referring to the 2020 reporting year) indicated total emissions of approximately 2.24 billion kg CO2e. This included Scope 1 emissions of about 70.17 million kg CO2e, Scope 2 emissions of around 78.17 million kg CO2e, and Scope 3 emissions of roughly 2.09 billion kg CO2e.
Mahanagar Gas has not publicly disclosed specific carbon reduction targets or climate pledges. However, the company does report on various aspects of its environmental performance, including Scope 1, 2, and 3 emissions, as detailed in its sustainability reports.
No climate goals have been disclosed for Mahanagar Gas yet.
No scope 3 category breakdown has been disclosed yet.


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