Max Financial Services Sustainability Profile
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 82% 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 operational impact within India and globally. The company has shown a slight reduction in emissions from 2022, where total emissions were about 6,923,700 kg CO2e, indicating a commitment to improving their environmental performance. Max Financial Services has not disclosed any Scope 3 emissions data, nor have they set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi). Their emissions data is sourced directly from their own reporting, with no cascaded data from a parent or related organization. The company’s emissions intensity, measured as Scope 1 and 2 emissions per rupee of turnover, was reported at approximately 5.29e-08 in 2023. This metric is crucial for understanding their emissions relative to financial performance, although specific revenue figures were not disclosed. Overall, while Max Financial Services has made strides in tracking and reporting their emissions, further commitments and reduction initiatives would enhance their climate strategy and align with industry standards for sustainability.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 265,640 | 000,000 |
| Scope 2 | 6,658,060 | 0,000,000 |
| Scope 3 | - | - |
How Carbon Intensive is Max Financial Services's Industry?
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Max Financial Services'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.
Max Financial Services 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.
