Mirae Asset Mutual Fund Sustainability Profile
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.
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.
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.
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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 the previous year's total emissions of about 163,913,000 kg CO2e in 2022. The 2020 emissions data indicates a more detailed breakdown, with Scope 1 emissions at 979,000 kg CO2e, Scope 2 emissions at 13,131,000 kg CO2e, and Scope 3 emissions at 315,000 kg CO2e, leading to a combined total of 14,120,000 kg CO2e for Scope 1 and 2. Despite the significant emissions figures, Mirae Asset Mutual Fund has not publicly committed to specific reduction targets or initiatives, nor have they disclosed any climate pledges. The absence of such commitments may reflect a broader industry context where many financial institutions are increasingly pressured to enhance their climate strategies and transparency. Overall, while the emissions data shows a downward trend, the lack of defined reduction targets or climate commitments suggests that Mirae Asset Mutual Fund may need to strengthen its approach to sustainability and climate action in the future.
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| 2020 | |
|---|---|
| Scope 1 | 979,000 |
| Scope 2 | 13,131,000 |
| Scope 3 | 315,000 |
How Carbon Intensive is Mirae Asset Mutual Fund's Industry?
How Carbon Intensive is Mirae Asset Mutual Fund's Location?
Mirae Asset Mutual Fund's Scope 3 Categories Breakdown
Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 2% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 53% of Scope 3 emissions.
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Mirae Asset Mutual Fund'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.
Mirae Asset Mutual Fund 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.
