Manappuram Finance Sustainability Profile
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 20 is lower than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Manappuram Finance's reported carbon emissions
In 2024, Manappuram Finance reported total carbon emissions of approximately 13,063,720 kg CO2e, comprising 138,880 kg CO2e from Scope 1 and 12,924,840 kg CO2e from Scope 2 emissions. The company has not disclosed any Scope 3 emissions data. This represents an increase from 2023, when total emissions were approximately 12,168,440 kg CO2e, with Scope 1 emissions at 95,660 kg CO2e and Scope 2 emissions at 12,072,780 kg CO2e. Despite the increase in emissions, there are currently no specific reduction targets or climate pledges outlined by Manappuram Finance. The company has not cascaded any emissions data from a parent organisation, indicating that all reported figures are directly from Manappuram Finance Limited. As part of its climate commitments, Manappuram Finance is expected to align with industry standards and best practices, although specific initiatives or targets have not been detailed in the available data. The absence of a structured reduction plan highlights an area for potential improvement in their sustainability strategy.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 92,560 | 00,000 | 000,000 |
| Scope 2 | 10,188,460 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - |
How Carbon Intensive is Manappuram Finance's Industry?
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Manappuram Finance's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Manappuram Finance has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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