Meghmani Finechem Ltd
Meghmani Finechem Ltd, a prominent player in the chemical industry, is headquartered in India and operates extensively across various regions. Founded in 1986, the company has established itself as a leader in the production of pigments, agrochemicals, and specialty chemicals, catering to diverse sectors such as textiles, plastics, and agriculture. With a commitment to innovation, Meghmani Finechem offers a unique range of products, including high-performance pigments and eco-friendly agrochemicals, which distinguish them in a competitive market. The company has achieved significant milestones, including expansions in manufacturing capabilities and a strong focus on sustainability. Recognised for its quality and reliability, Meghmani Finechem Ltd continues to strengthen its market position, contributing to the growth of the chemical sector in India and beyond.
DitchCarbon Score
How does Meghmani Finechem Ltd'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 Chemicals 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
Meghmani Finechem Ltd's score of 19 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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Meghmani Finechem Ltd's reported carbon emissions
In 2023, Meghmani Finechem Ltd reported total carbon emissions of approximately 1,068,775,820 kg CO2e from Scope 1 and 80,113,000 kg CO2e from Scope 2. This represents a significant reduction from 2022, where emissions were about 1,582,402,530 kg CO2e for Scope 1 and 31,629,000 kg CO2e for Scope 2. For 2024, the company disclosed emissions of approximately 1,150,906,590 kg CO2e for Scope 1, 61,263,810 kg CO2e for Scope 2, and 35,898,630 kg CO2e for Scope 3, indicating a continued focus on managing their carbon footprint. Despite these figures, Meghmani Finechem Ltd has not set specific reduction targets or climate pledges, which may limit their ability to demonstrate a proactive approach to climate commitments. The company’s emissions intensity metrics suggest a focus on improving efficiency relative to revenue, with a reported intensity of 0.000525 kg CO2e per rupee of turnover in 2023. Overall, while Meghmani Finechem Ltd has made strides in reducing emissions, the absence of formal reduction targets highlights an area for potential improvement in their climate strategy.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 1,582,402,530 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 31,629,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 00,000,000 |
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.
Meghmani Finechem Ltd 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.
