Spandana Sphoorty Financial Limited
Spandana Sphoorty Financial Limited, a prominent player in the microfinance sector, is headquartered in India and operates extensively across various regions, including Andhra Pradesh, Karnataka, and Tamil Nadu. Founded in 2003, the company has achieved significant milestones, establishing itself as a trusted provider of financial services tailored to underserved communities. Specialising in microloans, group loans, and individual loans, Spandana Sphoorty stands out for its commitment to empowering women entrepreneurs and promoting financial inclusion. With a robust portfolio and a focus on sustainable growth, the company has garnered a strong market position, serving millions of clients and contributing to economic development. Notable achievements include a consistent track record of profitability and a reputation for responsible lending practices, making Spandana Sphoorty a leader in the Indian microfinance industry.
DitchCarbon Score
How does Spandana Sphoorty Financial 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
Spandana Sphoorty Financial Limited's score of 10 is lower than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Spandana Sphoorty Financial Limited's reported carbon emissions
In 2023, Spandana Sphoorty Financial Limited reported a Scope 1 and 2 emission intensity of approximately 0.00015 kg CO2e per rupee of turnover and 0.22 kg CO2e per employee. For 2024, the company reported a similar Scope 1 and 2 emission intensity of about 0.000125 kg CO2e per rupee of turnover and 0.2534 kg CO2e per employee. However, specific absolute emissions data for these years is not disclosed. Currently, Spandana Sphoorty does not have any publicly stated reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges. The company has not cascaded emissions data from a parent organisation, indicating that all reported figures are self-contained. As part of its climate strategy, Spandana Sphoorty is focused on improving its operational efficiency, as evidenced by its efforts to reduce emission intensity relative to revenue and employee count. However, without specific reduction targets or absolute emissions data, the company's overall climate commitments remain vague.
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.
Spandana Sphoorty Financial Limited is not participating in any of the initiatives that 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.
