Shriram City Union Finance Limited Sustainability Profile
Shriram City Union Finance Limited, often referred to as Shriram City, is a prominent player in the Indian financial services sector, headquartered in Chennai, India. Established in 1986, the company has carved a niche in providing a diverse range of financial products, including personal loans, two-wheeler loans, and small business loans, catering primarily to the underserved segments of the market. With a strong presence across various regions in India, Shriram City has achieved significant milestones, including a robust customer base and a reputation for reliability. The company is known for its unique approach to lending, focusing on personalised service and financial inclusion. As a subsidiary of the Shriram Group, it holds a notable position in the industry, consistently recognised for its commitment to empowering individuals and small businesses through accessible finance solutions.
DitchCarbon Score
How does Shriram City Union Finance 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
Shriram City Union Finance Limited's score of 30 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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As of the latest available data, Shriram City Union Finance Limited does not report specific carbon emissions figures, indicating a lack of detailed emissions data for the most recent year. The company is classified as a merged entity and inherits its climate-related data from Shriram Finance Limited, which operates at a cascade level of 1. Currently, Shriram City Union Finance Limited has not established any documented reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges. This absence of specific targets suggests that the company may still be in the early stages of formalising its climate strategy. In the context of the finance industry, where climate commitments are increasingly critical, Shriram City Union Finance Limited's lack of publicly available emissions data and reduction initiatives may reflect broader challenges within the sector regarding transparency and accountability in carbon management. As the company moves forward, establishing clear emissions reporting and reduction targets will be essential for aligning with industry standards and responding to stakeholder expectations.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 3,319,530 | 0,000,000 | 0,000,000 |
| Scope 2 | 19,374,460 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 00,000,000 | 000,000,000 |
How Carbon Intensive is Shriram City Union Finance Limited's Industry?
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Shriram City Union Finance 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.
Shriram City Union Finance 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.
