Manappuram Finance
Manappuram Finance Limited, commonly known as Manappuram, is a prominent financial services company headquartered in India. Established in 1992, the firm has carved a niche in the non-banking financial sector, primarily focusing on gold loans, microfinance, and insurance services. With a strong presence across various states in India, Manappuram has become a trusted name in the industry, known for its customer-centric approach and innovative financial solutions. The company’s core offerings include gold loans, which are distinguished by competitive interest rates and quick disbursal processes. Over the years, Manappuram has achieved significant milestones, including a robust market position as one of the leading gold loan providers in India. Its commitment to transparency and customer satisfaction has earned it numerous accolades, solidifying its reputation in the financial landscape.
DitchCarbon Score
How does Manappuram Finance'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
Manappuram Finance's score of 0 is lower than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Manappuram Finance's reported carbon emissions
In 2023, Manappuram Finance reported total carbon emissions of approximately 12,072,780 kg CO2e from Scope 2 and about 95,660 kg CO2e from Scope 1, resulting in a combined total of approximately 12,168,440 kg CO2e. This represents an increase in emissions from 2022, where the company recorded about 10,188,460 kg CO2e in Scope 2 and approximately 92,560 kg CO2e in Scope 1, totalling around 10,281,020 kg CO2e. Looking ahead to 2024, the company anticipates further increases, with projected emissions of about 12,924,840 kg CO2e from Scope 2 and approximately 138,880 kg CO2e from Scope 1, leading to a total of around 13,063,720 kg CO2e. Despite these figures, there are currently no disclosed reduction targets or climate pledges from Manappuram Finance, indicating a potential area for improvement in their climate commitments. The absence of specific reduction initiatives suggests that the company may need to enhance its strategies to address its carbon footprint effectively.
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Add to project| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 92,560 | 00,000 | 000,000 |
| Scope 2 | 10,188,460 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - |
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.
Manappuram Finance is not committed to any 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.
