CARE Ratings Ltd

Common Name
CARE Ratings
Country
India
Sector
Financial Services
Industry
Financial Data & Stock Exchanges
Employees
598
Ticker
CARERATING
Exchange
NATIONAL STOCK EXCHANGE OF INDIA
Description
Care Ratings Ltd. is a prominent credit rating agency headquartered in India. The primary function of Care Ratings is to assess the creditworthiness of businesses and financial instruments, providing ...

CARE Ratings's GHG Emissions Data Preview

In 2023, CARE Ratings completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources) and Scope 2 (indirect emissions from purchased energy).

However, CARE Ratings has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind CARE Ratings’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore CARE Ratings’s data sources below and access millions more through our Disclosure Search.

a. CARE Ratings's Annual Report 2023
a. CARE Ratings's Annual Report 2023

Insights into CARE Ratings's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of CARE Ratings amounted to 1,187.59 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2022, the total operational greenhouse gas (GHG) emissions of CARE Ratings increased by 53.79%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

CARE Ratings's Scope 1 Emissions Over Time

2022202302468tCO2e+62%
  • Total Scope 1
  • Year-over-Year Change

What are CARE Ratings's Scope 1 emissions?

In 2023, the total Scope 1 emissions of CARE Ratings were 6.48 metric tons of CO₂ equivalent (tCO₂e). a

Compared to the previous year (2022), CARE Ratings's Scope 1 emissions increased by 62%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are CARE Ratings's Scope 2 emissions?

In 2023, CARE Ratings reported Scope 2 greenhouse gas (GHG) emissions of 1,181.11 tCO₂e without specifying the calculation method. a

Has CARE Ratings reduced its Scope 2 emissions over time?

Compared to the previous year (2022), CARE Ratings's Scope 2 emissions (Unspecified Calculation Method) rose by 53.74% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a

What methodology does CARE Ratings use for Scope 2 reporting?

In 2023, CARE Ratings reported its Scope 2 emissions using an unspecified methodology. a

CARE Ratings's Scope 2 Emissions Over Time

2022202303006009001.2 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into CARE Ratings’s GHG Emissions Intensity Compared to Industry Peers

In 2023, CARE Ratings reported Scope 1 greenhouse gas (GHG) emissions of 6.48 tCO₂e and total revenues of USD 34 millions. This translates into an emissions intensity of 0.19 tCO₂e per millions USD. a

CARE Ratings's Scope 1 Emissions Intensity Compared to Peers

0.02201,00050,000Scope 1 Emissions (tCO2e)201001,0005,00050,000Revenues (Millions of USD)BSEYear: 2025Scope 1: 77 tCO2eRevenue: $M 346Scope 1 Intensity: 0.22 tCO2e/$MBajaj Holdings and InvestmentYear: 2025Scope 1: 2,056 tCO2eRevenue: $M 805Scope 1 Intensity: 2.55 tCO2e/$MMCXYear: 2025Scope 1: 11 tCO2eRevenue: $M 130Scope 1 Intensity: 0.09 tCO2e/$MShriram FinanceYear: 2025Scope 1: 4,236 tCO2eRevenue: $M 2,597Scope 1 Intensity: 1.63 tCO2e/$MCholaYear: 2025Scope 1: 356 tCO2eRevenue: $M 1,570Scope 1 Intensity: 0.23 tCO2e/$MHousing and Urban DevelopmentYear: 2025Scope 1: 34 tCO2eRevenue: $M 421Scope 1 Intensity: 0.08 tCO2e/$MDCB BankYear: 2023Scope 1: 454 tCO2eRevenue: $M 259Scope 1 Intensity: 1.75 tCO2e/$MStar HealthYear: 2024Scope 1: 0 tCO2eRevenue: $M 1,600Scope 1 Intensity: 0.00 tCO2e/$MAditya Birla CapitalYear: 2025Scope 1: 40 tCO2eRevenue: $M 5,077Scope 1 Intensity: 0.01 tCO2e/$MKarnataka BankYear: 2024Scope 1: 17 tCO2eRevenue: $M 556Scope 1 Intensity: 0.03 tCO2e/$MBajaj Housing FinanceYear: 2025Scope 1: 206 tCO2eRevenue: $M 1,074Scope 1 Intensity: 0.19 tCO2e/$MNippon Life India AMCYear: 2025Scope 1: 72 tCO2eRevenue: $M 261Scope 1 Intensity: 0.28 tCO2e/$MCDSLYear: 2025Scope 1: 5 tCO2eRevenue: $M 127Scope 1 Intensity: 0.04 tCO2e/$MIDFC First BankYear: 2025Scope 1: 19,417 tCO2eRevenue: $M 3,090Scope 1 Intensity: 6.28 tCO2e/$MIDBI BankYear: 2025Scope 1: 2,361 tCO2eRevenue: $M 2,106Scope 1 Intensity: 1.12 tCO2e/$MPNB Housing FinanceYear: 2025Scope 1: 7 tCO2eRevenue: $M 347Scope 1 Intensity: 0.02 tCO2e/$MSBI Life InsuranceYear: 2025Scope 1: 4,109 tCO2eRevenue: $M 13,686Scope 1 Intensity: 0.30 tCO2e/$MUCO BankYear: 2025Scope 1: 890 tCO2eRevenue: $M 1,643Scope 1 Intensity: 0.54 tCO2e/$MAditya Birla Sun Life AMCYear: 2025Scope 1: 0 tCO2eRevenue: $M 190Scope 1 Intensity: 0.00 tCO2e/$MICICI LombardYear: 2024Scope 1: 907 tCO2eRevenue: $M 2,612Scope 1 Intensity: 0.35 tCO2e/$MMax Financial ServicesYear: 2025Scope 1: 293 tCO2eRevenue: $M 5,440Scope 1 Intensity: 0.05 tCO2e/$MIREDAYear: 2025Scope 1: 22 tCO2eRevenue: $M 774Scope 1 Intensity: 0.03 tCO2e/$MCRISILYear: 2024Scope 1: 751 tCO2eRevenue: $M 380Scope 1 Intensity: 1.98 tCO2e/$MCARE RatingsYear: 2023Scope 1: 6 tCO2eRevenue: $M 34Scope 1 Intensity: 0.19 tCO2e/$M

How does CARE Ratings's GHG emissions intensity compare to its peers?

In 2023, CARE Ratings reported a Scope 1 emissions intensity of 0.19 tCO₂e per millions USD. Compared to the peer group median of 0.22 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does CARE Ratings rank on GHG emissions intensity within its industry?

In 2023, CARE Ratings ranked 11 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

CARE Ratings is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

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