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 28 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Mahindra And Mahindra Financial Services's reported carbon emissions
In 2023, Mahindra & Mahindra Financial Services reported total carbon emissions of approximately 19,000,420 kg CO2e, comprising 2,008,100 kg CO2e from Scope 1, 16,038,780 kg CO2e from Scope 2, and 15,625,540 kg CO2e from Scope 3 emissions. This marked a significant reduction in emissions compared to previous years, particularly in Scope 3, which saw a decrease from about 13,051,280 kg CO2e in 2021 to approximately 821,540 kg CO2e in 2022. The company has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 50.4% by FY2032, using FY2023 as the base year. Additionally, Mahindra & Mahindra Financial Services is committed to reducing Scope 3 emissions per employee by 58.1% within the same timeframe. These targets align with the Science Based Targets initiative (SBTi) and are consistent with the reductions necessary to limit global warming to 1.5°C. Overall, Mahindra & Mahindra Financial Services is actively working towards significant emissions reductions, demonstrating a strong commitment to sustainability and climate action in the financial services sector.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 3,370,270 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 18,847,080 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 22,921,710 | 00,000,000 | 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 committed to some reduction initiatives 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.
