TVS Holdings Limited Sustainability Profile
TVS Holdings Limited, headquartered in India, is a prominent player in the automotive and manufacturing sectors. Founded in 1911, the company has established itself as a leader in the production of two-wheelers, three-wheelers, and automotive components, serving both domestic and international markets. With a strong presence in regions such as Asia, Africa, and Latin America, TVS Holdings is renowned for its commitment to quality and innovation. The company’s core offerings include motorcycles, scooters, and a range of automotive parts, distinguished by their reliability and performance. Over the years, TVS Holdings has achieved significant milestones, including numerous awards for excellence in manufacturing and sustainability. Its market position is bolstered by a reputation for customer-centric solutions and a robust distribution network, making it a trusted name in the automotive industry.
DitchCarbon Score
How does TVS Holdings 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 Motor Vehicle Retail Services 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
TVS Holdings Limited's score of 24 is lower than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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TVS Holdings Limited's reported carbon emissions
In 2024, TVS Holdings Limited reported significant carbon emissions, totalling approximately 22,693,340 kg CO2e for Scope 1, 4,437,470 kg CO2e for Scope 2, and a staggering 22,700,763,360 kg CO2e for Scope 3 emissions. This data highlights the company's substantial carbon footprint, particularly in Scope 3, which encompasses indirect emissions from the value chain. In 2023, the company recorded lower emissions, with Scope 1 at about 19,046,000 kg CO2e and Scope 2 at approximately 9,584,320 kg CO2e. Notably, no Scope 3 emissions data was disclosed for that year. Despite the high emissions figures, TVS Holdings Limited has not set specific reduction targets or climate pledges, indicating a potential area for improvement in their climate strategy. The absence of Science-Based Targets Initiative (SBTi) commitments or documented reduction initiatives suggests that the company may need to enhance its climate action framework to align with industry standards. TVS Holdings Limited does not inherit emissions data from any parent organisation, ensuring that the reported figures are solely reflective of its operations. As the company continues to navigate its climate commitments, addressing the significant Scope 3 emissions will be crucial for reducing its overall carbon impact.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 19,046,000 | 00,000,000 |
| Scope 2 | 9,584,320 | 0,000,000 |
| Scope 3 | - | 00,000,000,000 |
How Carbon Intensive is TVS Holdings Limited's Industry?
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TVS Holdings 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.
TVS Holdings 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.
