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Mahindra And Mahindra Financial Services
Financial IntermediationIndia
Last verified 1 month agomahindrafinance.com
Mahindra and Mahindra Financial Services Limited, commonly referred to as Mahindra Finance, is a prominent player in the financial intermediation sector based in India. Headquartered in Mumbai, the company operates extensively across rural and semi-urban regions, providing vital financial services to underserved segments. Established in 1991, Mahindra Finance has grown to become a leading non-banking financial company (NBFC), specialising in vehicle financing, personal loans, and rural financial solutions.
The organisation’s core offerings are distinguished by their focus on accessible, customised financial products tailored to the needs of rural customers and small businesses. Recognised for its strong market presence and commitment to financial inclusion, Mahindra Finance has cemented its position as a key contributor to India’s economic development. Its innovative approach and extensive reach make it a notable leader within the financial services industry.
56
DitchCarbon score
+19 vs industry average
Mahindra And Mahindra Financial Services’s score of 56 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Mahindra And Mahindra Financial Services's reported carbon emissions
Mahindra And Mahindra Financial Services, headquartered in India, reported Scope 1 emissions of 2,893,650 kg CO2e, Scope 2 emissions of 12,850,520 kg CO2e, and Scope 3 emissions of 18,299,850 kg CO2e for 2024. This follows 2023 emissions of 3,224,870 kg CO2e for Scope 1, 19,550,060 kg CO2e for Scope 2, and 18,813,810 kg CO2e for Scope 3. In 2022, the company's Scope 1 emissions were 1,306,900 kg CO2e, Scope 2 emissions were 12,695,840 kg CO2e, and Scope 3 emissions were 821,540 kg CO2e. For 2016, combined Scope 1 and 2 emissions were 60,000 kg CO2e.
Mahindra And Mahindra Financial Services has set ambitious climate commitments, with Science Based Targets initiative (SBTi) approved targets. The company commits to reducing absolute Scope 1 and Scope 2 GHG emissions by 50.4% by fiscal year 2032 from a fiscal year 2023 base year. Additionally, the company aims to reduce Scope 3 GHG emissions by 58.1% per employee within the same timeframe. These targets are classified as consistent with reductions required to keep warming to 1.5°C. Mahindra And Mahindra Financial Services has a "Targets Set" status for its near-term targets by SBTi.
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Mahindra And Mahindra Financial Services’s Climate Goals (2030 & 2050)
3 goals2032
50.4% reduction in Scope 1
Mahindra & Mahindra Financial Services Ltd commits to reduce absolute scope 1 and 2 GHG emissions 50.4% by FY2032 from a FY2023 base year. M…
Behind target50.4%
2032
50.4% reduction in Scope 2
Mahindra & Mahindra Financial Services Ltd commits to reduce absolute scope 1 and 2 GHG emissions 50.4% by FY2032 from a FY2023 base year. M…
Behind target50.4%
2032
58.1% reduction in scope 3 downstream
Insufficient data58.1%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
FY2032 targetSee details
Active
Carbon Disclosure Project
2025 disclosureSee details
Not active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
Inherited from Mahindra & Mahindra LimitedSee details
Not active
RE 100
See details
Not active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Mahindra And Mahindra Financial Services1 month ago
56
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Frequently asked questions
Common questions about Mahindra And Mahindra Financial Services’s sustainability data and climate commitments
Usage policy
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