Public Profile

Religare Enterprises Limited

Religare Enterprises Limited, a prominent player in the Indian financial services sector, is headquartered in New Delhi, India. Founded in 2001, the company has established itself as a key provider of diversified financial solutions, including insurance, asset management, and lending services. With a strong presence across major operational regions in India, Religare has achieved significant milestones, including the launch of innovative insurance products and a robust online platform for investment services. The company’s core offerings, such as health insurance and mutual funds, are distinguished by their customer-centric approach and comprehensive coverage options. Religare's commitment to transparency and service excellence has positioned it favourably in the competitive landscape, earning recognition for its contributions to the financial industry. As it continues to expand its footprint, Religare Enterprises Limited remains dedicated to empowering individuals and businesses through tailored financial solutions.

DitchCarbon Score

How does Religare Enterprises 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.

11

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.

26

Industry Benchmark

Religare Enterprises Limited's score of 11 is lower than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.

1%

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Religare Enterprises Limited's reported carbon emissions

In 2023, Religare Enterprises Limited reported carbon emissions of approximately 14,140 kg CO2e for Scope 1 and about 44,110 kg CO2e for Scope 2, totalling around 58,250 kg CO2e. This reflects a significant reduction in Scope 1 emissions from 427 kg CO2e in 2022, indicating a proactive approach to minimising direct emissions. The company has not disclosed any Scope 3 emissions data, nor have they set specific reduction targets or climate pledges. However, their ongoing commitment to reducing emissions is evident in the decreasing trend of their Scope 1 emissions over the years. Religare's emissions per unit of revenue have also shown improvement, with a reported figure of approximately 0.000076 kg CO2e per million INR in 2023, down from 0.000147 kg CO2e per million INR in 2022. This suggests a focus on enhancing operational efficiency while reducing carbon intensity. Overall, Religare Enterprises Limited is making strides in managing its carbon footprint, although further commitments and targets would strengthen its climate action strategy.

Industry emissions intensity

Very low
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Very high
Some industries are more carbon intensive than others. Religare Enterprises Limited's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
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Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Religare Enterprises Limited is in IN, which has a very high grid carbon intensity relative to other regions.

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.

Religare Enterprises 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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