Tube Investments Of India
Tube Investments of India Limited, headquartered in Chennai, India, is a prominent player in the engineering and manufacturing sector. Founded in 1955, the company has established itself as a leader in diverse industries, including bicycles, engineering, and metal products. With a strong presence across India and significant operations in international markets, Tube Investments is renowned for its innovative solutions and high-quality products. The company’s core offerings include precision-engineered components, bicycles, and automotive parts, distinguished by their durability and performance. Tube Investments has achieved notable milestones, such as pioneering advancements in bicycle technology and expanding its product range to meet evolving market demands. With a commitment to excellence, Tube Investments of India continues to strengthen its market position, making it a trusted name in the industry.
DitchCarbon Score
How does Tube Investments Of India'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
Tube Investments Of India's score of 3 is lower than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Tube Investments Of India's reported carbon emissions
In 2023, Tube Investments of India reported total carbon emissions of approximately 42,063,000 kg CO2e for Scope 1 and about 66,839,000 kg CO2e for Scope 2. This represents a slight increase in Scope 1 emissions from 41,557,000 kg CO2e in 2022, while Scope 2 emissions rose from 62,422,000 kg CO2e in the previous year. For 2024, the company anticipates Scope 1 emissions to reach approximately 46,252,000 kg CO2e and Scope 2 emissions to be around 62,081,000 kg CO2e. Tube Investments has not disclosed any specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. However, the company has reported emission intensities, with Scope 1 and 2 emissions per rupee of turnover adjusted for purchasing power parity (PPP) at 0.367 in 2023 and 0.35 in 2024. Additionally, the emission intensity in terms of physical output was recorded at 210.0 kg CO2e per tonne in 2023 and is projected to decrease to 200.0 kg CO2e per tonne in 2024. Overall, while Tube Investments of India has shown some fluctuations in emissions, the absence of formal reduction targets indicates a need for more robust climate commitments moving forward.
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Add to project| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 41,557,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 62,422,000 | 00,000,000 | 00,000,000 |
| 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.
Tube Investments Of India 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.
