Shriram Finance
Shriram Finance, a prominent player in the Indian financial services sector, is headquartered in Chennai, India. Established in 1974, the company has evolved into a leading provider of diverse financial solutions, including vehicle financing, personal loans, and insurance services. With a strong presence across major operational regions in India, Shriram Finance has built a reputation for its customer-centric approach and innovative products. The company’s unique offerings, such as its tailored loan products and robust risk assessment models, set it apart in a competitive market. Over the years, Shriram Finance has achieved significant milestones, including a vast customer base and a strong market position, making it a trusted name in the industry. Its commitment to financial inclusion and sustainable growth continues to drive its success in the dynamic landscape of Indian finance.
DitchCarbon Score
How does Shriram Finance'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 Services Auxiliary to 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 Finance's score of 24 is lower than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Shriram Finance's reported carbon emissions
In 2024, Shriram Finance reported total carbon emissions of approximately 24,859,000 kg CO2e, comprising 3,963,440 kg CO2e from Scope 1 and 20,219,560 kg CO2e from Scope 2. Additionally, the company disclosed significant Scope 3 emissions of about 66,430,810 kg CO2e. This marks a notable increase in emissions compared to 2023, where total emissions were approximately 22,088,000 kg CO2e, with 3,319,530 kg CO2e from Scope 1 and 19,374,460 kg CO2e from Scope 2. Despite the increase in total emissions, Shriram Finance has not set specific reduction targets or climate pledges, indicating a potential area for improvement in their climate commitments. The company has disclosed emissions data for Scopes 1, 2, and 3, reflecting a comprehensive approach to understanding their carbon footprint. Overall, Shriram Finance's emissions intensity per employee has shown a decrease, from approximately 354.3 kg CO2e in 2023 to about 323.9 kg CO2e in 2024, suggesting efforts to improve operational efficiency. However, the lack of formal reduction targets highlights the need for a more structured approach to climate action in the future.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 9,093,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 11,366,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 00,000,000 |
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.
Shriram Finance is not committed to any reduction initiatives 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.
