SMFG India Credit Company Limited Sustainability Profile
SMFG India Credit Company Limited, commonly referred to as SMFG India, is a prominent player in the financial services sector, headquartered in India. Established in 2010, the company has rapidly expanded its operations across major regions, providing a diverse range of financial solutions tailored to meet the needs of both individuals and businesses. Specialising in personal loans, business financing, and asset management, SMFG India distinguishes itself through its customer-centric approach and innovative financial products. The company has achieved significant milestones, including recognition for its robust risk management practices and commitment to financial inclusion. With a strong market position, SMFG India continues to enhance its offerings, making it a trusted choice for clients seeking reliable credit solutions in a competitive landscape.
DitchCarbon Score
How does SMFG India Credit Company 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
SMFG India Credit Company Limited's score of 55 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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SMFG India Credit Company Limited currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. However, the company is a current subsidiary of Sumitomo Mitsui Financial Group, Inc., which may influence its climate commitments and performance metrics. As a subsidiary, SMFG India Credit Company Limited's climate initiatives and targets may be aligned with those of its parent company. Sumitomo Mitsui Financial Group, Inc. has established various sustainability initiatives, including participation in the Carbon Disclosure Project (CDP) at a cascade level of 1. This suggests that while specific emissions data for SMFG India Credit Company Limited is not available, it may inherit broader climate strategies and performance metrics from its parent organisation. Currently, there are no documented reduction targets or climate pledges specific to SMFG India Credit Company Limited. The absence of such commitments may reflect a need for further development in their sustainability strategy. As the company continues to operate within the financial sector, it is essential for it to establish clear climate commitments to align with industry standards and expectations.
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| 2013 | 2014 | 2015 | 2016 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 10,526,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000 |
| Scope 2 | 179,615,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 10,050,000 | - | - | - | 00,000,000 | 00,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is SMFG India Credit Company Limited's Industry?
How Carbon Intensive is SMFG India Credit Company Limited's Location?
SMFG India Credit Company Limited's Scope 3 Categories Breakdown
SMFG India Credit Company Limited's Scope 3 emissions, which decreased by 1% last year and increased significantly since 2013, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 60% of Scope 3 emissions.
Top Scope 3 Categories
SMFG India Credit Company 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.
SMFG India Credit Company 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.
