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 68% 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, with Scope 1 emissions at approximately 161,000,000 kg CO2e, Scope 2 emissions at about 2,454,130,000 kg CO2e, and Scope 3 emissions reaching approximately 6,147,000,000 kg CO2e. This data highlights the company's substantial carbon footprint across all three scopes of emissions. For the year 2022, the company disclosed Scope 1 emissions of about 4,640 kg CO2e and Scope 2 emissions of approximately 1,913,330 kg CO2e in India. On a global scale for the same year, Aavas reported Scope 1 emissions of around 4,640,000 kg CO2e, Scope 2 emissions of about 1,913,330,000 kg CO2e, and Scope 3 emissions at approximately 12,463,500,000 kg CO2e. Aavas Financiers Limited has not set specific reduction targets or climate pledges, nor does it appear to have cascaded data from a parent organisation. The company’s emissions intensity metrics indicate a focus on reducing emissions relative to revenue and employee count, with a reported emissions intensity of about 0.000437 kg CO2e per rupee of turnover and approximately 920 kg CO2e per employee in 2023. Overall, while Aavas Financiers Limited has disclosed comprehensive emissions data, it currently lacks formal reduction initiatives or commitments to climate targets.
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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
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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.
