Mahindra And Mahindra Financial Services
Mahindra and Mahindra Financial Services Limited, commonly referred to as Mahindra Finance, is a leading player in the financial services sector in India. Headquartered in Mumbai, the company operates extensively across various regions, providing tailored financial solutions to meet diverse customer needs. Founded in 1994, Mahindra Finance has achieved significant milestones, establishing itself as a trusted partner in the industry. Specialising in vehicle financing, rural financing, and insurance services, Mahindra Finance distinguishes itself through its customer-centric approach and innovative products. The company has garnered a strong market position, recognised for its commitment to empowering individuals and businesses in rural and semi-urban areas. With a robust portfolio and a focus on sustainable growth, Mahindra Finance continues to play a pivotal role in enhancing financial inclusion across India.
DitchCarbon Score
How does Mahindra And Mahindra 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
Mahindra And Mahindra Financial Services's score of 63 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Mahindra And Mahindra Financial Services's reported carbon emissions
In 2024, Mahindra And Mahindra Financial Services reported total carbon emissions of approximately 20,000,020 kg CO2e, comprising 2,893,650 kg CO2e from Scope 1, 12,850,520 kg CO2e from Scope 2, and 18,299,850 kg CO2e from Scope 3. This represents a significant increase in emissions compared to 2023, where total emissions were about 19,000,000 kg CO2e, with Scope 1 at 3,224,870 kg CO2e, Scope 2 at 19,550,060 kg CO2e, and Scope 3 at 18,813,810 kg CO2e. The company has committed to ambitious climate targets, aiming for a 50.4% reduction in absolute Scope 1 and Scope 2 emissions by FY2032, using FY2023 as the baseline. Additionally, they plan to reduce Scope 3 emissions per employee by 58.1% within the same timeframe. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect a commitment to maintaining global temperature rise within 1.5°C. Mahindra And Mahindra Financial Services operates as a current subsidiary of Mahindra & Mahindra Limited, with emissions data cascaded from the parent company. The company is actively working towards these reduction goals, demonstrating a proactive approach to addressing climate change within the financial services sector in India.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 1,306,900 | 0,000,000 | 0,000,000 |
| Scope 2 | 12,695,840 | 00,000,000 | 00,000,000 |
| Scope 3 | 821,540 | 00,000,000 | 00,000,000 |
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.
Mahindra And Mahindra Financial Services is participating in some 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.
