Cholamandalam Investment And Finance
Cholamandalam Investment and Finance Company Limited, commonly referred to as Cholamandalam, is a prominent player in the Indian financial services sector. Headquartered in Chennai, India, the company has established a strong presence across various regions, offering a diverse range of financial solutions. Founded in 1978, Cholamandalam has achieved significant milestones, including its listing on the Bombay Stock Exchange and National Stock Exchange. Specialising in vehicle finance, home loans, and SME financing, Cholamandalam distinguishes itself through its customer-centric approach and innovative products tailored to meet the evolving needs of its clients. With a robust market position, the company has garnered recognition for its consistent growth and commitment to excellence, making it a trusted name in the industry.
DitchCarbon Score
How does Cholamandalam Investment And Finance'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
Cholamandalam Investment And Finance's score of 28 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Cholamandalam Investment And Finance's reported carbon emissions
In 2024, Cholamandalam Investment and Finance reported total carbon emissions of approximately 37,700 kg CO2e for Scope 1, about 15,690,000 kg CO2e for Scope 2, and around 29,502,050 kg CO2e for Scope 3. This reflects a comprehensive approach to emissions reporting, covering all three scopes. In 2023, the company recorded emissions of about 194,000 kg CO2e for Scope 1, approximately 12,627,000 kg CO2e for Scope 2, and around 18,058,000 kg CO2e for Scope 3. The emissions data indicates a significant reliance on Scope 2 emissions, which are primarily associated with energy consumption. Cholamandalam has not disclosed any specific reduction targets or initiatives as part of their climate commitments. However, the company continues to monitor and report its emissions, demonstrating a commitment to transparency in its environmental impact. The absence of formal reduction targets suggests an opportunity for the organisation to enhance its climate strategy in alignment with industry standards.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 267,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 9,659,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 2,883,000 | 00,000,000 | 00,000,000 | 00,000,000 |
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.
Cholamandalam Investment And Finance 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.
