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Motor Vehicle Retail Services
IN
updated a month ago

Minda Corporation Limited Sustainability Profile

Company website

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.

19

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.

32

Industry Benchmark

Minda Corporation Limited's score of 19 is lower than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.

13%

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Minda Corporation Limited's reported carbon emissions

In 2023, Minda Corporation Limited reported total carbon emissions of approximately 57,000,000 kg CO2e. This figure includes 18,243,850 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 39,577,210 kg CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity, steam, heating, and cooling. Additionally, the company reported 9,619,500 kg CO2e in Scope 3 emissions, specifically from 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, reflecting its commitment to sustainability within the automobiles and components sector. Notably, Minda Corporation is a current subsidiary and inherits its emissions data from its own corporate structure, ensuring transparency in its environmental impact reporting. As part of its climate strategy, Minda Corporation Limited is focused on reducing its carbon footprint and aligning with industry standards for emissions reporting. The company has not yet committed to a net-zero target but remains dedicated to improving its environmental performance.

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2023
Scope 1
18,243,850
Scope 2
39,577,210
Scope 3
9,619,500

How Carbon Intensive is Minda Corporation Limited's Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Minda Corporation Limited's primary industry is Motor Vehicle Retail Services, which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is Minda Corporation Limited's Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Minda Corporation Limited is in IN, which has a very high grid carbon intensity relative to other regions.

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.

Top Scope 3 Categories

2023
Purchased Goods and Services
100%

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Compare Minda Corporation Limited's Emissions with Industry Peers

Forvia

FR
•
Retail trade services, except of motor vehicles and motorcycles; repair services of personal and household goods (52)
Updated 3 days ago

Aptiv

IE
•
Sale, maintenance, repair of motor vehicles, motor vehicles parts, motorcycles, motor cycles parts and accessoiries
Updated 3 days ago

Endurance Technologies Limited

IN
•
Sale, maintenance, repair of motor vehicles, motor vehicles parts, motorcycles, motor cycles parts and accessoiries
Updated 4 days ago

Advik Hi-Tech Private Limited

IN
•
Sale, maintenance, repair of motor vehicles, motor vehicles parts, motorcycles, motor cycles parts and accessoiries
Updated 5 days ago

Delphi Technologies PLC

GB
•
Sale, maintenance, repair of motor vehicles, motor vehicles parts, motorcycles, motor cycles parts and accessoiries
Updated about 2 months ago

Rico Auto Industries Limited

IN
•
Motor vehicles, trailers and semi-trailers (34)
Updated 5 days ago

Frequently Asked Questions

Common questions about Minda Corporation Limited's sustainability data and climate commitments

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