Paytm, officially known as One97 Communications Limited, is a leading digital payments and financial services platform headquartered in Noida, India. Founded in 2010, Paytm has rapidly evolved to become a significant player in the fintech industry, offering a diverse range of services including mobile recharges, bill payments, and e-commerce solutions. With a strong presence across major Indian cities, Paytm has distinguished itself through its user-friendly mobile app and innovative payment solutions, such as Paytm Wallet and Paytm Payments Bank. The company has achieved notable milestones, including being one of the first to introduce QR code payments in India, solidifying its position as a pioneer in the digital payments landscape. As a trusted brand, Paytm continues to drive financial inclusion and digital transformation in the region.
How does Paytm'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.
Paytm's score of 32 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2024, Paytm reported total carbon emissions of approximately 68,000,490 kg CO2e, comprising 536,490 kg CO2e from Scope 1, 2,527,270 kg CO2e from Scope 2, and a significant 65,869,730 kg CO2e from Scope 3 emissions. This marks a notable increase in emissions compared to 2023, where the company recorded 4,150,420 kg CO2e in Scope 1 and 2,125,010 kg CO2e in Scope 2, but did not disclose Scope 3 data for that year. In 2022, Paytm's emissions were approximately 4,344,560 kg CO2e for Scope 1 and 1,185,420 kg CO2e for Scope 2, indicating a consistent trend in emissions reporting. The company has not set specific reduction targets or climate pledges, nor does it appear to have cascaded any targets from parent organisations or industry initiatives such as SBTi. Overall, while Paytm has made strides in emissions reporting, the absence of reduction initiatives or commitments suggests a need for enhanced climate action strategies moving forward.
Access structured emissions data, company-specific emission factors, and source documents
2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|
Scope 1 | 4,344,560 | 0,000,000 | 0,000,000 | 000,000 |
Scope 2 | 1,185,420 | 0,000,000 | 0,000,000 | 0,000,000 |
Scope 3 | - | - | - | 00,000,000 |
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.
Paytm 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.