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Public Profile
Financial Intermediation
IN
updated a month ago

Mirae Asset Mutual Fund

Company website

Mirae Asset Mutual Fund, a prominent player in the Indian asset management industry, is headquartered in Mumbai, India. Founded in 2007, the firm has rapidly established itself as a trusted provider of investment solutions, catering to a diverse clientele across major operational regions in India. Specialising in mutual funds, Mirae Asset offers a range of products, including equity, debt, and hybrid funds, distinguished by their robust research-driven approach and commitment to transparency. The company has achieved significant milestones, including recognition for its innovative fund offerings and consistent performance, positioning it among the top mutual fund houses in India. With a focus on delivering long-term value to investors, Mirae Asset Mutual Fund continues to enhance its market presence, driven by a philosophy of integrity and excellence in asset management.

DitchCarbon Score

How does Mirae Asset Mutual Fund'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.

14

Industry Average

Mean score of companies in the Financial Intermediation 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.

27

Industry Benchmark

Mirae Asset Mutual Fund's score of 14 is lower than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.

8%

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Mirae Asset Mutual Fund's reported carbon emissions

In 2023, Mirae Asset Mutual Fund reported total carbon emissions of approximately 133,385,000 kg CO2e, with no specific breakdown into Scope 1, 2, or 3 emissions available. This figure represents a decrease from 2022, when the total emissions were about 163,913,000 kg CO2e. The data indicates a significant reduction in emissions over the year, although specific reduction targets or initiatives have not been disclosed. In 2020, the fund's emissions were detailed with Scope 1 emissions at approximately 979,000 kg CO2e, Scope 2 emissions at about 13,131,000 kg CO2e, and Scope 3 emissions at around 315,000 kg CO2e. This earlier data highlights the fund's operational emissions, including mobile combustion and business travel. Mirae Asset Mutual Fund has not established any specific science-based targets (SBTi) or documented climate pledges, indicating a potential area for future commitment. The absence of cascaded emissions data suggests that the reported figures are solely from the fund itself, without influence from a parent or related organization. Overall, while Mirae Asset Mutual Fund has made strides in reducing its carbon footprint, further transparency regarding its climate commitments and future reduction strategies would enhance its sustainability profile.

Unlock detailed emissions data

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2020
Scope 1
979,000
Scope 2
13,131,000
Scope 3
315,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Mirae Asset Mutual Fund's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

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 Mirae Asset Mutual Fund is in IN, which has a very high grid carbon intensity relative to other regions.

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.

Mirae Asset Mutual Fund 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.

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

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Where does DitchCarbon data come from?

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