SMFG India Home Finance Company Limited Sustainability Profile
SMFG India Home Finance Company Limited, headquartered in India, is a prominent player in the housing finance sector. Established in 2010, the company has made significant strides in providing affordable housing loans across major operational regions in India. Specialising in home loans, construction finance, and loan against property, SMFG India stands out for its customer-centric approach and flexible repayment options. The company has garnered a reputation for its swift processing times and competitive interest rates, catering to a diverse clientele. With a commitment to enhancing home ownership, SMFG India has achieved notable milestones, positioning itself as a trusted name in the industry. Its focus on innovation and customer satisfaction continues to drive its growth in the competitive housing finance market.
DitchCarbon Score
How does SMFG India Home Finance 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 Business Services 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 Home Finance Company Limited's score of 55 is higher than 75% 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 Home Finance Company Limited currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The company is a current subsidiary of Sumitomo Mitsui Financial Group, Inc., which may influence its climate commitments and performance metrics. As part of its corporate family, SMFG India Home Finance is expected to align with the sustainability initiatives and targets set by its parent organisation. However, no specific reduction targets or climate pledges have been documented for SMFG India Home Finance. The absence of data suggests that the company may still be in the process of establishing its own emissions reporting framework or climate strategy. In the broader context, the financial services industry is increasingly focusing on reducing carbon footprints and enhancing sustainability practices. Companies are encouraged to adopt science-based targets and participate in initiatives such as the Carbon Disclosure Project (CDP) to improve transparency and accountability regarding their environmental impact. For now, SMFG India Home Finance Company Limited's climate commitments remain undefined, and further information may be required to assess its environmental performance and future initiatives.
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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 | 00,000,000 |
| 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 Home Finance Company Limited's Industry?
How Carbon Intensive is SMFG India Home Finance Company Limited's Location?
SMFG India Home Finance Company Limited's Scope 3 Categories Breakdown
SMFG India Home Finance 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 Home Finance 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 Home Finance 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.
