Nuvama Wealth Management Limited Sustainability Profile
Nuvama Wealth Management Limited, formerly known as Edelweiss Wealth Management, is a prominent player in the financial services industry, headquartered in India. Established in 1995, the firm has evolved significantly, marking key milestones in wealth management and investment advisory services across major operational regions in India. Specialising in a diverse range of financial solutions, Nuvama offers unique products such as portfolio management services, mutual funds, and comprehensive financial planning. Their commitment to personalised service and innovative investment strategies sets them apart in a competitive market. With a strong reputation for excellence, Nuvama Wealth Management has positioned itself as a trusted partner for clients seeking to grow and manage their wealth effectively.
DitchCarbon Score
How does Nuvama Wealth 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
Nuvama Wealth Management Limited's score of 10 is lower than 95% 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 Management Limited's reported carbon emissions
In 2024, Nuvama Wealth Management Limited reported carbon emissions of approximately 2,878,000 kg CO2e, all of which fall under Scope 2 emissions. This represents an increase from the previous year, 2023, when the company recorded about 2,059,000 kg CO2e in Scope 2 emissions. Currently, Nuvama does not have any publicly disclosed reduction targets or climate pledges, indicating a lack of formal commitments to reduce their carbon footprint. The absence of Scope 1 and Scope 3 emissions data suggests that the company may not be fully accounting for all sources of emissions within its operations. Nuvama Wealth Management Limited's emissions data is not cascaded from any parent organization, indicating that the figures are independently reported. The company is encouraged to establish reduction initiatives and targets to align with industry standards and enhance its climate commitments.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | - | - |
| Scope 2 | 2,059,000 | 0,000,000 |
| Scope 3 | - | - |
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Nuvama Wealth 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.
Nuvama Wealth 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.
