Poonawalla Fincorp Limited Sustainability Profile
Poonawalla Fincorp Limited, a prominent player in the Indian financial services sector, is headquartered in Pune, India. Founded in 1994, the company has established itself as a leading provider of diverse financial solutions, including personal loans, business loans, and vehicle financing. With a strong presence across major operational regions in India, Poonawalla Fincorp is known for its customer-centric approach and innovative products tailored to meet the evolving needs of individuals and businesses. The company has achieved significant milestones, including a robust digital platform that enhances customer experience and accessibility. Poonawalla Fincorp's commitment to transparency and efficiency has positioned it favourably in the competitive landscape, making it a trusted choice for financial services. With a focus on sustainable growth and responsible lending, Poonawalla Fincorp continues to drive financial inclusion across the nation.
DitchCarbon Score
How does Poonawalla Fincorp 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
Poonawalla Fincorp Limited's score of 15 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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Poonawalla Fincorp Limited's reported carbon emissions
In 2023, Poonawalla Fincorp Limited reported total carbon emissions of approximately 1,266,160 kg CO2e, comprising 14,730 kg CO2e from Scope 1 and 1,251,930 kg CO2e from Scope 2 emissions. The company has disclosed emissions data for both Scope 1 and Scope 2, but does not currently report on Scope 3 emissions. For the year 2022, the emissions were significantly lower, with Scope 1 emissions at 140 kg CO2e and Scope 2 emissions at 961,000 kg CO2e, indicating a trend of increasing emissions over the two years. The emissions intensity per rupee of turnover adjusted for Purchasing Power Parity (PPP) was reported at 0.01071 for 2023. Poonawalla Fincorp Limited has not set specific reduction targets or climate pledges, and there are no initiatives reported under the Science Based Targets initiative (SBTi) or other climate frameworks. The company operates as a current subsidiary of Poonawalla Fincorp Limited, with emissions data cascaded from its corporate family. Overall, while Poonawalla Fincorp Limited has made strides in disclosing its emissions, it currently lacks defined reduction commitments or significant climate initiatives.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 140 | 00,000 |
| Scope 2 | 961,000 | 0,000,000 |
| Scope 3 | - | - |
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Poonawalla Fincorp 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.
Poonawalla Fincorp 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.
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