Max Financial Services
Max Financial Services, headquartered in India, is a prominent player in the financial services industry, specialising in life insurance and asset management. Founded in 1988, the company has achieved significant milestones, including strategic partnerships and expansions across major operational regions in India. Offering a diverse range of products, including innovative life insurance solutions and mutual funds, Max Financial Services distinguishes itself through its customer-centric approach and commitment to financial security. The company has garnered a strong market position, recognised for its robust performance and customer satisfaction. With a focus on delivering value and trust, Max Financial Services continues to evolve, adapting to the dynamic financial landscape while maintaining its reputation as a reliable partner for individuals and businesses alike.
DitchCarbon Score
How does Max 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 Insurance Services 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
Max Financial Services's score of 21 is lower than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Max Financial Services's reported carbon emissions
In 2023, Max Financial Services reported total carbon emissions of approximately 6,836,360 kg CO2e, comprising 141,730 kg CO2e from Scope 1 and 6,694,640 kg CO2e from Scope 2 emissions. This data reflects their commitment to transparency in emissions reporting, although no Scope 3 emissions data has been disclosed. The company has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). However, they continue to monitor and report their emissions, which is a crucial step in understanding and managing their carbon footprint. In 2022, their total emissions were slightly lower at about 6,923,700 kg CO2e, showing a marginal decrease in emissions year-on-year. This trend suggests a potential commitment to reducing their environmental impact, although specific strategies or targets have not been articulated. Max Financial Services operates with a focus on sustainability, and while they have not cascaded emissions data from a parent company, their independent reporting reflects a growing awareness of climate responsibilities within the financial services sector in India.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 265,640 | 000,000 |
| Scope 2 | 6,658,060 | 0,000,000 |
| 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.
Max Financial Services 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.
