Muthoot Microfin Limited
Muthoot Microfin Limited, a prominent player in the microfinance sector, is headquartered in India and operates extensively across various regions. Founded in 2010, the company has established itself as a trusted provider of financial services, focusing on empowering underserved communities through microloans and financial literacy initiatives. Specialising in microfinance, Muthoot Microfin offers a range of products, including income-generating loans and group lending solutions, designed to meet the unique needs of its clients. The company’s commitment to customer-centric services and innovative financial solutions has positioned it as a leader in the industry. With a strong market presence and a reputation for reliability, Muthoot Microfin Limited continues to make significant strides in promoting financial inclusion and supporting the economic growth of its clients.
DitchCarbon Score
How does Muthoot Microfin 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.
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 Microfin Limited's score of 19 is lower than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Muthoot Microfin Limited's reported carbon emissions
In 2023, Muthoot Microfin Limited 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 emissions. This represents a slight increase in emissions compared to 2022, where the company recorded approximately 64,607,000 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 Microfin Limited has not publicly disclosed any specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of defined climate commitments or science-based targets suggests that the company may be in the early stages of developing a comprehensive climate strategy. As the financial services sector increasingly prioritises sustainability, Muthoot Microfin Limited's future climate commitments will be crucial in aligning with industry standards and addressing climate change effectively.
Unlock detailed emissions data
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| 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 Microfin Limited 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.
