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 19 is lower than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Spandana Sphoorty Financial Limited's reported carbon emissions
In 2024, Spandana Sphoorty Financial Limited reported total carbon emissions of approximately 3,318,835 kg CO2e, comprising 178,165 kg CO2e from Scope 1 and 3,140,670 kg CO2e from Scope 2 emissions. The previous year, 2023, the company recorded total emissions of about 2,086,110 kg CO2e, with 220,350 kg CO2e from Scope 1 and 1,865,760 kg CO2e from Scope 2. Despite these figures, Spandana Sphoorty has not disclosed any specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of a climate pledge or SBTi (Science Based Targets initiative) commitments indicates a potential area for improvement in their climate strategy. The company’s emissions intensity metrics reveal that in 2024, the total Scope 1 and Scope 2 emission intensity was approximately 0.000125 kg CO2e per rupee of turnover, while in 2023, it was about 0.00015 kg CO2e per rupee. This suggests a slight improvement in emissions efficiency relative to revenue. Overall, while Spandana Sphoorty is actively monitoring its emissions, the lack of formal reduction targets highlights an opportunity for enhanced climate commitments in the future.
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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 committed to any reduction initiatives 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.
