Muthoot Finance
Muthoot Finance, a leading financial services company headquartered in India, has established itself as a prominent player in the non-banking financial sector since its inception in 1887. With a strong presence across various regions in India, the company primarily focuses on gold loans, personal loans, and microfinance, catering to a diverse clientele. Renowned for its customer-centric approach, Muthoot Finance offers unique products such as gold loan services with competitive interest rates and flexible repayment options. The company has achieved significant milestones, including a vast network of branches and a robust market position, making it one of the largest gold loan providers in the country. With a commitment to financial inclusion, Muthoot Finance continues to innovate and expand its offerings, solidifying its reputation as a trusted financial partner.
DitchCarbon Score
How does Muthoot 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
Muthoot Finance's score of 21 is lower than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Muthoot Finance's reported carbon emissions
In 2023, Muthoot Finance reported total carbon emissions of approximately 66,073,000 kg CO2e, comprising 11,643,000 kg CO2e from Scope 1 and 54,936,000 kg CO2e from Scope 2. This represents a slight increase in Scope 1 emissions from 11,307,000 kg CO2e in 2022, while Scope 2 emissions remained relatively stable, decreasing marginally from 54,954,000 kg CO2e in the previous year. Muthoot Finance has not disclosed any Scope 3 emissions data, nor have they set specific reduction targets or climate pledges. The company’s emissions intensity, calculated as emissions per unit of revenue, indicates a growing trend in emissions relative to their financial performance. As part of their climate commitments, Muthoot Finance is expected to enhance their sustainability initiatives in line with industry standards, although specific reduction initiatives or targets have not been outlined. The company operates in a sector increasingly focused on reducing carbon footprints, and further commitments may be anticipated in future reports.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 11,307,000 | 00,000,000 |
| Scope 2 | 54,954,000 | 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.
Muthoot 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.
