Minda Corporation Limited Sustainability Profile
Minda Corporation Limited, commonly referred to as Minda, is a prominent player in the automotive components industry, headquartered in India. Established in 1958, the company has evolved into a leading manufacturer of a diverse range of products, including automotive switches, lighting systems, and electronic components, catering to both domestic and international markets. With a strong presence in major operational regions across India and beyond, Minda has achieved significant milestones, including strategic partnerships and expansions that enhance its market position. The company is renowned for its commitment to innovation and quality, offering unique solutions that meet the evolving needs of the automotive sector. Minda's dedication to excellence has solidified its reputation as a trusted supplier, making it a key contributor to the automotive industry's growth.
DitchCarbon Score
How does Minda Corporation Limited'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 Motor Vehicle Retail 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
Minda Corporation Limited's score of 22 is lower than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Minda Corporation Limited's reported carbon emissions
In 2023, Minda Corporation Limited reported total carbon emissions of approximately 67.4 million kg CO2e. This figure includes Scope 1 emissions of about 18.2 million kg CO2e, primarily from mobile combustion and fugitive emissions, Scope 2 emissions of approximately 39.6 million kg CO2e, and Scope 3 emissions of about 9.6 million kg CO2e, which are attributed to purchased goods and services. Minda Corporation has committed to near-term climate targets, although specific reduction targets have not been disclosed. The company is actively engaged in climate initiatives, as indicated by its commitment status with the Science Based Targets initiative (SBTi). However, it has not yet set a net-zero target. As a current subsidiary of Minda Corporation Limited, the emissions data and climate commitments are cascaded from the parent organisation, ensuring alignment with broader corporate sustainability goals. The company operates within the automobiles and components sector in India, reflecting its commitment to addressing climate change within its industry context.
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| 2023 | |
|---|---|
| Scope 1 | 18,243,850 |
| Scope 2 | 39,577,210 |
| Scope 3 | 9,619,500 |
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Minda Corporation Limited's Scope 3 Categories Breakdown
Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 14% of total emissions under the GHG Protocol, with "Purchased Goods and Services" representing nearly all of their reported Scope 3 footprint.
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Minda Corporation Limited'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.
Minda Corporation Limited has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Minda Corporation Limited's sustainability data and climate commitments