Mahindra and Mahindra Financial Services Ltd
Mahindra Finance's GHG Emissions Data Preview
In 2024, 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).
Mahindra Finance has also provided a category-level breakdown for 3 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
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Verified Sources Behind Mahindra Finance’s Greenhouse Gas (GHG) Emissions Data
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Insights into Mahindra Finance's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Mahindra Finance amounted to 12,064.14 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 2023, the total operational greenhouse gas (GHG) emissions of Mahindra Finance decreased by 33.15%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
Mahindra Finance's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Mahindra Finance's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Mahindra Finance were 1,894.51 metric tons of CO₂ equivalent (tCO₂e). a
Has Mahindra Finance reduced its Scope 1 emissions over time?
Since 2021, Mahindra Finance's Scope 1 emissions have increased by 24.37%, reflecting a rising long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2023), Mahindra Finance's Scope 1 emissions decreased by 5.66%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a
What are Mahindra Finance's Scope 2 emissions?
In 2024, Mahindra Finance reported Scope 2 greenhouse gas (GHG) emissions of 10,169.63 tCO₂e without specifying the calculation method. a
Has Mahindra Finance reduced its Scope 2 emissions over time?
Since 2021, Mahindra Finance's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 26.62%, reflecting a declining long-term trend in Scope 2 emissions over time. a b
Compared to the previous year (2023), Mahindra Finance's Scope 2 emissions (Unspecified Calculation Method) fell by 36.59% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a
What methodology does Mahindra Finance use for Scope 2 reporting?
In 2024, Mahindra Finance reported its Scope 2 emissions using an unspecified methodology. a
Mahindra Finance's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into Mahindra Finance's Value Chain Emissions
In 2024, Mahindra Finance reported 15,583.88 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 2024 disclosure of Mahindra Finance includes a breakdown across 3 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chain a
Mahindra Finance's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Mahindra Finance's Scope 3 emissions?
In 2024, Mahindra Finance reported total Scope 3 emissions of 15,583.88 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a
Has Mahindra Finance reduced its Scope 3 emissions over time?
Since 2021, Mahindra Finance's Scope 3 emissions have increased by 19.4%, reflecting a rising long-term trend in Scope 3 emissions over time. a b
Compared to the previous year (2023), Mahindra Finance's Scope 3 emissions remained relatively stable, indicating that Mahindra Finance 's emissions have plateaued with no significant change in its value chain footprint. a
What categories of Scope 3 emissions does Mahindra Finance disclose?
In 2024, Mahindra Finance reported emissions for 3 out of the 15 Scope 3 categories defined by the GHG Protocol. a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Mahindra Finance's Scope 3 emissions?
In 2024, the largest contributors to Mahindra Finance's Scope 3 emissions were: a
- Employee Commuting (Cat. 7): 13,094.17 tCO₂e (84.02%)
- Business Travel (Cat. 6): 2,205.82 tCO₂e (14.15%)
- Purchased Goods and Services (Cat. 1): 283.88 tCO₂e (1.82%)
Mahindra Finance's Scope 3 Emissions by Categories
Insights into Mahindra Finance's Total Carbon Footprint
In 2024, Mahindra Finance reported a total carbon footprint of 27,648.02 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 17.89% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a
The largest contributor to Mahindra Finance's total carbon footprint was Scope 3 emissions, accounting for 56.37% of the company's total carbon footprint, followed by Scope 2 emissions at 36.78%. a