Shriram Finance Sustainability Profile
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 26 is lower than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Shriram Finance's reported carbon emissions
In 2024, Shriram Finance reported total carbon emissions of approximately 340.4 million kg CO2e, comprising 4,236,190 kg CO2e from Scope 1, 24,663,040 kg CO2e from Scope 2, and 311,499,570 kg CO2e from Scope 3 emissions. This marked an increase from 2023, where total emissions were approximately 90.6 million kg CO2e, with Scope 1 emissions at 3,963,440 kg CO2e, Scope 2 at 20,219,560 kg CO2e, and Scope 3 at 66,430,810 kg CO2e. In 2022, the company reported total emissions of approximately 22.7 million kg CO2e, with Scope 1 at 3,319,530 kg CO2e and Scope 2 at 19,374,460 kg CO2e. Notably, Shriram Finance has not disclosed any specific reduction targets or initiatives as part of its climate commitments, nor does it appear to have cascaded data from any parent organisation. The company has disclosed emissions data for all three scopes in 2023 and 2024, indicating a commitment to transparency in its environmental impact reporting. However, without specific reduction targets or initiatives, the effectiveness of its climate strategy remains unclear.
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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 Finance's Industry?
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Shriram Finance'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 Finance 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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