Meghmani Finechem Ltd Sustainability Profile
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 8 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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Meghmani Finechem Ltd's reported carbon emissions
In 2023, Meghmani Finechem Ltd reported significant carbon emissions, with Scope 1 emissions totalling approximately 1,169,509,190 kg CO2e and Scope 2 emissions at about 80,113,000 kg CO2e. This data highlights the company's substantial carbon footprint in its operations. For 2024, the company disclosed Scope 1 emissions of approximately 53,001,000 kg CO2e, indicating a potential reduction in emissions compared to the previous year. However, no specific reduction targets or climate commitments have been outlined, as the company has not set Science-Based Targets Initiative (SBTi) reduction targets or other formal climate pledges. Meghmani Finechem Ltd's emissions data is not cascaded from any parent organization, and the company operates independently in its reporting. The absence of detailed Scope 3 emissions data suggests a need for further transparency in their overall carbon impact. Overall, while Meghmani Finechem Ltd has made strides in emissions reporting, the lack of defined reduction initiatives and targets indicates an area for improvement in their climate strategy.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 1,690 | 0,000,000,000 | 0,000,000,000 | 00,000,000 |
| Scope 2 | - | 00,000,000 | 00,000,000 | - |
| Scope 3 | - | - | - | - |
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Meghmani Finechem Ltd'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.
Meghmani Finechem Ltd 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.
