aavas financiers limited
Aavas Financiers Limited, commonly referred to as Aavas, is a prominent player in the Indian financial services sector, headquartered in Jaipur, Rajasthan. Founded in 2011, the company has rapidly established itself as a leading provider of home loans, particularly catering to the underserved segments of the market. Aavas focuses on affordable housing finance, offering a range of products that include home loans, loan against property, and construction finance. With a strong presence across various states in India, Aavas has achieved significant milestones, including a robust loan book and a growing customer base. The company is recognised for its customer-centric approach and innovative solutions, which set it apart in a competitive landscape. Aavas Financiers Limited continues to strengthen its market position, contributing to the financial inclusion of millions in India.
DitchCarbon Score
How does aavas financiers 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
aavas financiers limited's score of 23 is lower than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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aavas financiers limited's reported carbon emissions
In 2023, Aavas Financiers Limited reported significant carbon emissions, totalling approximately 6,147,000,000 kg CO2e for Scope 3 emissions, 2,454,130,000 kg CO2e for Scope 2 emissions, and 161,000,000 kg CO2e for Scope 1 emissions. This data highlights the company's substantial carbon footprint across all three scopes of emissions. In 2022, the emissions were similarly high, with Scope 3 emissions at about 12,463,500,000 kg CO2e, Scope 2 emissions at approximately 1,913,330,000 kg CO2e, and Scope 1 emissions at around 4,640,000 kg CO2e. The emissions intensity per employee was reported at 920 kg CO2e, indicating the company's operational impact on climate change. Despite the high emissions figures, Aavas Financiers Limited has not disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of defined climate commitments or science-based targets suggests a need for enhanced strategies to address their environmental impact. Overall, Aavas Financiers Limited's emissions data underscores the importance of developing robust climate action plans to mitigate their significant carbon emissions and align with global sustainability goals.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 4,640,000 | 000,000,000 |
| Scope 2 | 1,913,330,000 | 0,000,000,000 |
| Scope 3 | 12,463,500,000 | 0,000,000,000 |
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.
aavas financiers 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.
