Spandana Sphoorty Financial Limited Sustainability Profile
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 Scope 2 emission intensity of approximately 0.00015 kg CO2e per rupee of turnover and 0.22 kg CO2e per employee. For 2024, the emission intensity figures were slightly improved, with values of about 0.000125 kg CO2e per rupee of turnover and 0.2534 kg CO2e per employee. Currently, Spandana Sphoorty has not disclosed specific absolute emissions data or set formal reduction targets, nor do they have any climate pledges in place. The company does not inherit emissions data from a parent organisation, indicating that their climate commitments and emissions reporting are independent. Overall, while Spandana Sphoorty demonstrates a commitment to monitoring their emissions intensity, further transparency regarding absolute emissions and reduction initiatives would enhance their climate strategy.
How Carbon Intensive is Spandana Sphoorty Financial Limited's Industry?
How Carbon Intensive is Spandana Sphoorty Financial Limited's Location?
Spandana Sphoorty Financial 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.
Spandana Sphoorty Financial 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.
