Nippon Life India Asset Management Limited Sustainability Profile
Nippon Life India Asset Management Limited, commonly referred to as Nippon India Mutual Fund, is a leading player in the Indian asset management industry. Headquartered in Mumbai, India, the company has established a strong presence across major operational regions, catering to a diverse clientele. Founded in 1995, Nippon Life India has achieved significant milestones, including becoming one of the largest mutual fund houses in India. The firm offers a comprehensive range of financial products and services, including equity, debt, and hybrid mutual funds, which are distinguished by their innovative investment strategies and robust performance. With a commitment to delivering value to investors, Nippon Life India has garnered numerous accolades, solidifying its market position as a trusted asset management partner.
DitchCarbon Score
How does Nippon Life India Asset Management 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
Nippon Life India Asset Management Limited's score of 14 is lower than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Nippon Life India Asset Management Limited's reported carbon emissions
In 2022, Nippon Life India Asset Management Limited reported total carbon emissions of approximately 1,494,450 kg CO2e, comprising 52,200 kg CO2e from Scope 1 and 1,439,250 kg CO2e from Scope 2 emissions. The company has not disclosed any Scope 3 emissions data. For the years 2023 and 2024, emissions data is not available, but the company reported emission intensities for Scope 1 and 2. In 2023, the emission intensity per rupee of turnover was about 0.00012233 INR, while in 2024, it was approximately 0.00010703 INR. Additionally, the total Scope 1 and 2 emission intensity in terms of employees was about 1.5297 in 2023 and 1.6215 in 2024. Nippon Life India Asset Management Limited has not set any specific reduction targets or climate pledges, nor does it inherit emissions data from a parent company. The company is actively monitoring its emissions and has reported its performance through the CDP initiative. Overall, while the company has made strides in measuring its emissions, it currently lacks formal reduction commitments or targets.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | - | 00,000 |
| Scope 2 | 1,871,000 | 0,000,000 |
| Scope 3 | - | - |
How Carbon Intensive is Nippon Life India Asset Management Limited's Industry?
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Nippon Life India Asset Management Limited'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.
Nippon Life India Asset Management Limited 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.
