Reliance Retail Ventures Limited
Reliance Retail Ventures Limited, a subsidiary of Reliance Industries Limited, is a leading player in the Indian retail sector, headquartered in Mumbai, India. Founded in 2006, the company has rapidly expanded its footprint across various operational regions, including urban and rural markets throughout the country. Specialising in a diverse range of products and services, Reliance Retail operates in sectors such as grocery, electronics, fashion, and lifestyle, setting itself apart with a unique blend of quality and affordability. The company has achieved significant milestones, including the launch of its innovative digital commerce platforms, which enhance customer engagement and convenience. With a strong market position, Reliance Retail is recognised for its extensive network of stores and commitment to customer satisfaction, making it a formidable force in the Indian retail landscape.
DitchCarbon Score
How does Reliance Retail Ventures 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 Telecommunications Services 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
Reliance Retail Ventures Limited's score of 44 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Reliance Retail Ventures Limited's reported carbon emissions
In 2024, Reliance Retail Ventures Limited reported significant carbon emissions, totalling approximately 36,680,367,000 kg CO2e for Scope 1, 781,764,000 kg CO2e for Scope 2, and 37,682,039,000 kg CO2e for Scope 3. This reflects a slight decrease in Scope 1 emissions from 2023, which were about 36,857,083,000 kg CO2e, while Scope 2 emissions decreased from 850,070,000 kg CO2e. Scope 3 emissions also saw a minor reduction from 37,945,728,000 kg CO2e in the previous year. Despite these figures, Reliance Retail Ventures Limited has not set specific reduction targets or climate pledges, as indicated by the absence of documented reduction initiatives or SBTi targets. The emissions data is cascaded from its parent company, Reliance Industries Limited, which is responsible for the broader corporate climate strategy. The company has disclosed emissions across all three scopes, demonstrating transparency in its reporting. The intensity of Scope 1 and Scope 2 emissions per rupee of turnover adjusted for Purchasing Power Parity (PPP) was reported at approximately 1.47e-07 in 2024, with a physical output intensity of 482.0 tonnes CO2e. In 2023, these intensities were slightly lower at 1.46e-07 and 493.0 tonnes CO2e, respectively. Overall, while Reliance Retail Ventures Limited has made strides in emissions reporting, the lack of specific reduction commitments highlights an area for potential improvement in its climate strategy.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 36,857,083,000 | 00,000,000,000 |
| Scope 2 | 850,070,000 | 000,000,000 |
| Scope 3 | 37,945,728,000 | 00,000,000,000 |
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.
Reliance Retail Ventures 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.
