Creditaccess Grameen
CreditAccess Grameen, a leading microfinance institution headquartered in India, has been empowering underserved communities since its inception in 2008. With a strong presence in major operational regions across Karnataka, Maharashtra, and Tamil Nadu, the company focuses on providing financial services to low-income households, particularly women. Specialising in microloans, CreditAccess Grameen offers unique products designed to foster entrepreneurship and improve livelihoods. The institution has achieved significant milestones, including a robust client base and recognition for its commitment to financial inclusion. As a prominent player in the microfinance sector, CreditAccess Grameen continues to set benchmarks in responsible lending and social impact, solidifying its position as a trusted partner for economic empowerment in India.
DitchCarbon Score
How does Creditaccess Grameen'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
Creditaccess Grameen's score of 35 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Creditaccess Grameen's reported carbon emissions
In 2024, Creditaccess Grameen reported total carbon emissions of approximately 12,990,110 kg CO2e, with emissions distributed across various scopes: 124,290 kg CO2e from Scope 1, 4,294,040 kg CO2e from Scope 2, and 12,990,110 kg CO2e from Scope 3. The previous year, 2023, the company recorded total emissions of about 8,813,360 kg CO2e, comprising 144,510 kg CO2e in Scope 1, 4,061,790 kg CO2e in Scope 2, and 8,813,360 kg CO2e in Scope 3. In 2022, their total emissions were around 10,430,000 kg CO2e, with Scope 1 emissions at 30,410 kg CO2e, Scope 2 at 3,350,000 kg CO2e, and Scope 3 at 7,049,000 kg CO2e. Despite these figures, Creditaccess Grameen has not disclosed specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction targets suggests a need for further development in their sustainability strategy. The company has reported GHG emissions intensity metrics, with Scope 3 emissions intensity per full-time equivalent (FTE) at 670 kg CO2e in 2024 and 650 kg CO2e in 2023, indicating a slight increase in emissions intensity over the year. Overall, while Creditaccess Grameen has made strides in measuring and reporting their carbon footprint, the lack of defined reduction targets highlights an opportunity for enhanced climate action and commitment to sustainability.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 30,410 | 000,000 | 000,000 |
| Scope 2 | 3,350,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 7,049,000 | 0,000,000 | 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.
Creditaccess Grameen 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.
