In 2025, Mahindra Finance 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), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
However, Mahindra Finance has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2025 | 2024 | 2023 | 2022-2019 |
|---|---|---|---|---|
Total Scope 1 | 4,022.02a | 4,285.05a | 2,008.19b | |
Total Scope 2 | ||||
Unspecified Calculation Method | N/A | N/A | 16,038b | |
Total Scope 3 | 7,758.45a | 15,583.88a | 15,625.54b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 1.8613a | 2.2621a | 1.2983b |
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In 2025, the total operational greenhouse gas (GHG) emissions of Mahindra Finance amounted to 17,204.93 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 2024, the total operational greenhouse gas (GHG) emissions of Mahindra Finance decreased by 8.47%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2025, the total Scope 1 emissions of Mahindra Finance were 4,022.02 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, Mahindra Finance's Scope 1 emissions have increased by 164.03%, reflecting a rising long-term trend in Scope 1 emissions over time.ac
Compared to the previous year (2024), Mahindra Finance's Scope 1 emissions decreased by 6.14%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2025, Mahindra Finance reported Scope 2 greenhouse gas (GHG) emissions of 13,182.91 tCO₂e using the location-based method.a
Compared to the previous year (2024), Mahindra Finance's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Mahindra Finance's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2025, Mahindra Finance reported its Scope 2 emissions using the location-based method.a
In 2025, Mahindra Finance reported 7,758.45 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2025 disclosure of Mahindra Finance includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, down from 3 in 2024, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.a
In 2025, Mahindra Finance reported total Scope 3 emissions of 7,758.45 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, Mahindra Finance's Scope 3 emissions have decreased by 40.55%, reflecting a declining long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2024), Mahindra Finance's Scope 3 emissions decreased by 50.21%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2025, Mahindra Finance reported Scope 1 greenhouse gas (GHG) emissions of 4,022.02 tCO₂e and total revenues of USD 2,161 millions. This translates into an emissions intensity of 1.86 tCO₂e per millions USD.a
In 2025, Mahindra Finance reported a Scope 1 emissions intensity of 1.86 tCO₂e per millions USD. Compared to the peer group median of 0.4, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2025, Mahindra Finance ranked 20 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Mahindra Finance among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2025, Mahindra Finance reported a total carbon footprint of 24,963.38 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 27.39% decrease compared to 2024, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Mahindra Finance's total carbon footprint was Scope 2 emissions, accounting for 52.81% of the company's total carbon footprint, followed by Scope 3 emissions at 31.08%.a