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.
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.
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.
Nippon Life India Asset Management Limited'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.
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 2021 and 2023, emissions data indicates a significant reduction trend, with total emissions reported at 2,051,000 kg CO2e in 2021, which suggests a decrease in emissions over the subsequent year. The emission intensity per rupee of turnover for 2022 was approximately 0.00014 kg CO2e, reflecting the company's efforts to improve efficiency. Nippon Life India Asset Management Limited has not set specific reduction targets or climate pledges, nor does it participate in initiatives such as the Science Based Targets initiative (SBTi). The company’s emissions data is not cascaded from a parent organization, indicating that it operates independently in its climate reporting. Overall, while the company has made strides in reducing its carbon footprint, further commitments and transparency regarding future climate initiatives would enhance its sustainability profile.
Access structured emissions data, company-specific emission factors, and source documents
2021 | 2022 | |
---|---|---|
Scope 1 | - | 00,000 |
Scope 2 | 1,871,000 | 0,000,000 |
Scope 3 | - | - |
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.
Nippon Life India Asset Management Limited is not participating in any of the initiatives that 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.