Mahindra And Mahindra Financial Services

Mahindra And Mahindra Financial Services, headquartered in India, reported Scope 1 emissions of approximately 2.89 million kg CO2e, Scope 2 emissions of about 12.85 million kg CO2e, and Scope 3 emissions of roughly 18.30 million kg CO2e for the 2024 financial year. In 2023, the company's Scope 1 emissions were approximately 3.22 million kg CO2e, Scope 2 emissions were around 19.55 million kg CO2e, and Scope 3 emissions were about 18.81 million kg CO2e. For the 2022 financial year, Scope 1 emissions were about 1.31 million kg CO2e, Scope 2 emissions were approximately 12.70 million kg CO2e, and Scope 3 emissions were around 0.82 million kg CO2e.

Mahindra And Mahindra Financial Services has set Science Based Targets initiative (SBTi) approved targets. The company commits to reducing absolute Scope 1 and Scope 2 GHG emissions by 50.4% by FY2032 from a FY2023 base year. Additionally, Mahindra And Mahindra Financial Services aims to reduce Scope 3 GHG emissions by 58.1% per employee within the same timeframe. These targets cover greenhouse gas emissions from company operations (Scopes 1 and 2) and are consistent with reductions required to keep warming to 1.5°C.