UTI Asset Management Company Limited
UTI Asset Management Company Limited, commonly referred to as UTI AMC, is a prominent player in the Indian asset management industry, headquartered in Mumbai, India. Established in 1964, UTI AMC has a rich history marked by significant milestones, including being one of the first mutual fund companies in India. The firm primarily focuses on mutual funds, portfolio management services, and alternative investment funds, catering to a diverse clientele ranging from individual investors to institutional clients. UTI AMC is renowned for its innovative investment solutions and robust risk management practices, which set it apart in a competitive market. With a strong presence across major operational regions in India, UTI AMC has consistently maintained a leading market position, recognised for its commitment to transparency and investor education. Its dedication to delivering value-driven investment strategies has earned it numerous accolades, solidifying its reputation as a trusted asset management partner.
DitchCarbon Score
How does UTI Asset Management Company 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
UTI Asset Management Company Limited's score of 29 is lower than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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UTI Asset Management Company Limited's reported carbon emissions
In 2023, UTI Asset Management Company Limited reported total carbon emissions of approximately 2,100,740 kg CO2e from Scope 2, 8,740 kg CO2e from Scope 1, and 3,006 kg CO2e from Scope 3. This data reflects a comprehensive disclosure of emissions across all three scopes, indicating a commitment to transparency in their environmental impact. In 2022, the company recorded higher emissions, with Scope 1 at 44,480 kg CO2e, Scope 2 at 3,397,670 kg CO2e, and Scope 3 at 2,004 kg CO2e. The reduction in Scope 2 emissions from 2022 to 2023 suggests a positive trend towards lowering their carbon footprint. Despite these figures, UTI Asset Management Company Limited has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). This lack of formal targets may reflect an opportunity for the company to enhance its climate strategy and align with industry standards for sustainability. Overall, UTI Asset Management Company Limited's emissions data demonstrates a significant focus on Scope 2 emissions, with a notable reduction from the previous year, while the absence of formal reduction commitments highlights an area for potential growth in their climate action efforts.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 44,480 | 0,000 |
| Scope 2 | 3,397,670 | 0,000,000 |
| Scope 3 | 2,004 | 0,000 |
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.
UTI Asset Management Company Limited is not participating in any of the initiatives that 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.
