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 21 is lower than 92% 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 total carbon emissions of approximately 2,108,110 kg CO2e, comprising 220,350 kg CO2e from Scope 1 emissions and 1,865,760 kg CO2e from Scope 2 emissions. The Scope 1 emissions included about 19,770 kg CO2e from fugitive emissions. In 2024, the company’s emissions decreased to approximately 3,158,835 kg CO2e, with Scope 1 emissions at 178,165 kg CO2e and Scope 2 emissions rising to 3,140,670 kg CO2e, which included 2,637,240 kg CO2e from purchased electricity. Despite these figures, Spandana Sphoorty has not disclosed any specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of defined climate commitments or industry-standard reduction targets suggests a need for enhanced focus on sustainability practices within the organisation. Overall, while the company has made strides in tracking emissions, further action is necessary to establish clear climate commitments and reduction strategies.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 220,350 | 000,000 |
| Scope 2 | 1,865,760 | 0,000,000 |
| Scope 3 | - | - |
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.
