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 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 13,920,720 kg CO2e, comprising 138,880 kg CO2e from Scope 1 and 12,924,840 kg CO2e from Scope 2 emissions. This reflects a slight increase from 2023, where emissions were about 12,772,440 kg CO2e, with 95,660 kg CO2e from Scope 1 and 12,072,780 kg CO2e from Scope 2. The company has not disclosed any Scope 3 emissions data. Despite the increase in emissions, there are currently no specific reduction targets or climate pledges outlined by Manappuram Finance. The absence of Science-Based Targets Initiative (SBTi) reduction targets indicates that the company has not committed to formalised emissions reduction goals at this time. Manappuram Finance's emissions data is self-reported and does not cascade from any parent organisation. The company continues to monitor its carbon footprint as part of its operational strategy, but further commitments to climate action or emissions reduction initiatives have not been specified.
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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 | - | - | - |
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 participating in any of the initiatives that 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.
