Ujjivan Financial Services Limited Sustainability Profile
Ujjivan Financial Services Limited, headquartered in India, is a prominent player in the microfinance and financial services sector. Founded in 2005, the company has made significant strides in empowering underserved communities across various regions, including urban and rural areas. Ujjivan is renowned for its innovative approach to providing microloans, savings products, and insurance services, catering primarily to low-income individuals and small businesses. With a commitment to financial inclusion, Ujjivan has established itself as a leader in the industry, achieving notable milestones such as transitioning to a Small Finance Bank in 2017. The company’s unique offerings, characterised by customer-centric solutions and a robust digital platform, have positioned it favourably in the competitive landscape of financial services in India.
DitchCarbon Score
How does Ujjivan Financial Services 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
Ujjivan Financial Services Limited's score of 35 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ujjivan Financial Services Limited currently does not have specific carbon emissions data available for the most recent year, as indicated by the absence of emissions figures. The company is identified as a merged entity, inheriting its climate-related data from Ujjivan Small Finance Bank Limited, which operates at a cascade level of 1. Despite the lack of specific emissions data, Ujjivan Financial Services Limited is committed to addressing climate change through various initiatives. However, there are no documented reduction targets or climate pledges available at this time. The absence of specific targets may reflect the broader context of the financial services industry, where many organisations are still developing comprehensive climate strategies. As Ujjivan Financial Services Limited continues to evolve, it may adopt more robust climate commitments and emissions reduction strategies in alignment with industry standards and expectations.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 369,880 | 000,000 | 00,000,000 | 0,000,000 | 000,000 |
| Scope 2 | 11,031,870 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - |
How Carbon Intensive is Ujjivan Financial Services Limited's Industry?
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Ujjivan Financial Services 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.
Ujjivan Financial Services 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.
