Muthoot Finance
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 0 is lower than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Muthoot Finance's reported carbon emissions
In 2023, Muthoot Finance reported total carbon emissions of approximately 66,073,000 kg CO2e, comprising about 11,643,000 kg CO2e from Scope 1 and about 54,936,000 kg CO2e from Scope 2. This represents a slight increase in Scope 1 emissions compared to 2022, where total emissions were approximately 66,570,000 kg CO2e, with Scope 1 emissions at about 11,307,000 kg CO2e and Scope 2 emissions at about 54,954,000 kg CO2e. Despite the increase in emissions, Muthoot Finance has not publicly disclosed any specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of a climate pledge or science-based targets indicates a potential area for improvement in their sustainability strategy. As a financial institution headquartered in India, Muthoot Finance operates within an industry that is increasingly scrutinised for its environmental impact, highlighting the importance of robust climate commitments moving forward.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 11,307,000 | 00,000,000 |
| Scope 2 | 54,954,000 | 00,000,000 |
| Scope 3 | - | - |
Industry emissions intensity
Location emissions intensity
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.
Muthoot Finance is not committed to any reduction initiatives 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.
