Nuvama Wealth and Investment Limited
Nuvama Wealth and Investment Limited, formerly known as Edelweiss Wealth Management, is a prominent player in the financial services industry, headquartered in India. Established in 1995, the company has evolved significantly, focusing on wealth management, investment advisory, and asset management services across major operational regions in India. Nuvama offers a diverse range of core products, including portfolio management services, mutual funds, and financial planning solutions, distinguished by their client-centric approach and innovative strategies. With a commitment to delivering tailored investment solutions, Nuvama has positioned itself as a trusted partner for individuals and institutions alike. The firm’s notable achievements reflect its strong market presence and dedication to excellence in wealth management.
DitchCarbon Score
How does Nuvama Wealth and Investment 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
Nuvama Wealth and Investment Limited's score of 8 is lower than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Nuvama Wealth and Investment Limited's reported carbon emissions
In 2023, Nuvama Wealth and Investment Limited reported carbon emissions of approximately 2,059,000 kg CO2e, all of which fall under Scope 2 emissions. This figure represents the indirect emissions associated with the generation of purchased electricity, steam, heating, and cooling consumed by the company. For the following year, 2024, Nuvama's emissions increased to about 2,878,000 kg CO2e, again solely from Scope 2 sources. This rise in emissions coincided with an increase in revenue, which reached approximately USD 159,516,963. Currently, Nuvama does not have publicly disclosed reduction targets or specific climate pledges aimed at mitigating their carbon footprint. The absence of such commitments highlights a potential area for improvement in their sustainability strategy. As the financial services industry increasingly prioritises climate action, Nuvama's future initiatives may benefit from aligning with industry standards and setting measurable reduction goals.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | - | - |
| Scope 2 | 2,059,000 | 0,000,000 |
| 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.
Nuvama Wealth and Investment 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.
