Manappuram Finance
Manappuram Finance Limited, commonly known as Manappuram, is a prominent financial services company headquartered in India. Established in 1992, the firm has carved a niche in the non-banking financial sector, primarily focusing on gold loans, microfinance, and insurance services. With a strong presence across various states in India, Manappuram has become a trusted name in the industry, known for its customer-centric approach and innovative financial solutions. The company’s core offerings include gold loans, which are distinguished by competitive interest rates and quick disbursal processes. Over the years, Manappuram has achieved significant milestones, including a robust market position as one of the leading gold loan providers in India. Its commitment to transparency and customer satisfaction has earned it numerous accolades, solidifying its reputation in the financial landscape.
DitchCarbon Score
How does Manappuram 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
Manappuram Finance's score of 18 is lower 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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Manappuram Finance's reported carbon emissions
In 2024, Manappuram Finance reported total carbon emissions of approximately 13,8880 kg CO2e from Scope 1 and about 12,924,840 kg CO2e from Scope 2. This represents a slight increase in emissions compared to 2023, where emissions were approximately 95,660 kg CO2e for Scope 1 and about 12,072,780 kg CO2e for Scope 2. In 2022, the company recorded emissions of around 92,560 kg CO2e in Scope 1 and approximately 10,188,460 kg CO2e in Scope 2. Despite these figures, Manappuram Finance has not disclosed any specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of Scope 3 emissions data indicates a potential area for future reporting and improvement. The company’s commitment to addressing climate change remains unclear, as no formal climate pledges or science-based targets have been established. Overall, while Manappuram Finance has made strides in emissions reporting, further transparency and commitment to reduction strategies would enhance their climate action profile.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 92,560 | 00,000 | 000,000 |
| Scope 2 | 10,188,460 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - |
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.
Manappuram 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.
