Asirvad Micro Finance Limited
Asirvad Micro Finance Limited, a prominent player in the microfinance sector, is headquartered in India and primarily operates across various states, including Tamil Nadu, Karnataka, and Maharashtra. Founded in 2007, the company has made significant strides in empowering underserved communities through financial inclusion. Specialising in microloans, Asirvad offers a range of products tailored to meet the needs of low-income individuals and small businesses. Their unique approach combines personalised service with innovative financial solutions, setting them apart in the industry. With a strong market presence, Asirvad has achieved notable milestones, including recognition for its commitment to social impact and sustainable growth. Asirvad Micro Finance Limited continues to play a vital role in fostering economic development and improving livelihoods across India.
DitchCarbon Score
How does Asirvad Micro Finance 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
Asirvad Micro Finance Limited'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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Asirvad Micro Finance Limited's reported carbon emissions
In 2023, Asirvad Micro Finance Limited reported total carbon emissions of approximately 9,678,470 kg CO2e, comprising 95,670 kg CO2e from Scope 1 and about 9,088,800 kg CO2e from Scope 2 emissions. This represents a slight decrease in emissions from 2022, where the total was around 10,181,020 kg CO2e, with Scope 1 emissions at 92,560 kg CO2e and Scope 2 emissions at approximately 10,188,460 kg CO2e. Despite these figures, Asirvad Micro Finance Limited 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 Asirvad Micro Finance Limited has made some progress in reducing emissions, further transparency and commitment to climate action would enhance their sustainability profile.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 92,560 | 00,000 |
| Scope 2 | 10,188,460 | 0,000,000 |
| 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.
Asirvad Micro Finance 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.
