Muthoot Finance Sustainability Profile
Muthoot Finance, a leading financial services company headquartered in India, has established itself as a prominent player in the non-banking financial sector since its inception in 1887. With a strong presence across various regions in India, the company primarily focuses on gold loans, personal loans, and microfinance, catering to a diverse clientele. Renowned for its customer-centric approach, Muthoot Finance offers unique products such as gold loan services with competitive interest rates and flexible repayment options. The company has achieved significant milestones, including a vast network of branches and a robust market position, making it one of the largest gold loan providers in the country. With a commitment to financial inclusion, Muthoot Finance continues to innovate and expand its offerings, solidifying its reputation as a trusted financial partner.
DitchCarbon Score
How does Muthoot Finance'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
Muthoot Finance's score of 21 is lower than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Muthoot Finance's reported carbon emissions
In 2023, Muthoot Finance reported total carbon emissions of approximately 66,073,000 kg CO2e, comprising 11,643,000 kg CO2e from Scope 1 and 54,936,000 kg CO2e from Scope 2 emissions. This data reflects their operational footprint in India and globally, with no reported Scope 3 emissions. Comparatively, in 2022, the company recorded total emissions of about 66,610,000 kg CO2e, with Scope 1 emissions at 11,307,000 kg CO2e and Scope 2 emissions at 54,954,000 kg CO2e. This indicates a slight reduction in total emissions year-on-year. Muthoot Finance has not set specific reduction targets or climate pledges, nor do they participate in initiatives such as the Science Based Targets initiative (SBTi). The absence of defined reduction initiatives suggests a need for enhanced climate commitments within the organisation. Overall, Muthoot Finance's emissions data highlights their current environmental impact, while the lack of ambitious climate targets indicates potential areas for improvement in their sustainability strategy.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 11,307,000 | 00,000,000 |
| Scope 2 | 54,954,000 | 00,000,000 |
| Scope 3 | - | - |
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Muthoot Finance'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.
Muthoot Finance 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.
