Housing Development Finance Corporation Limited
Housing Development Finance Corporation Limited (HDFC) is a leading financial institution headquartered in India, primarily serving the housing finance sector. Established in 1977, HDFC has played a pivotal role in promoting home ownership across the country, with a strong presence in major urban and semi-urban regions. Specialising in housing loans, HDFC offers a range of products including home loans, loan against property, and insurance services. Its unique approach combines competitive interest rates with personalised customer service, setting it apart in the industry. Over the years, HDFC has achieved significant milestones, including being the first mortgage company in India to be listed on the stock exchange. With a robust market position, HDFC is recognised for its commitment to innovation and customer satisfaction, making it a trusted name in housing finance.
DitchCarbon Score
How does Housing Development Finance Corporation 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 Services Auxiliary to 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
Housing Development Finance Corporation Limited's score of 22 is lower than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Housing Development Finance Corporation Limited's reported carbon emissions
In 2023, Housing Development Finance Corporation Limited (HDFC) reported total carbon emissions of approximately 24,856,590 kg CO2e. This figure includes 3,981,440 kg CO2e from Scope 1 emissions, which primarily stem from direct operations, and 11,903,120 kg CO2e from Scope 2 emissions, mainly related to purchased electricity. Additionally, Scope 3 emissions accounted for about 8,972,030 kg CO2e, with significant contributions from business travel (1,042,460 kg CO2e) and employee commuting (1,976,220 kg CO2e). Comparatively, in 2022, HDFC's total emissions were approximately 21,817,510 kg CO2e, indicating an increase in emissions year-on-year. The breakdown for 2022 shows Scope 1 emissions at 3,115,380 kg CO2e, Scope 2 at 11,700,080 kg CO2e, and Scope 3 at 7,002,050 kg CO2e. Despite the increase in emissions, HDFC has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The emissions data is cascaded from the parent organization, reflecting a merged entity structure, and is sourced directly from HDFC's disclosures. Overall, HDFC's emissions profile highlights the need for enhanced climate commitments and strategies to address its carbon footprint effectively.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 1,340,100 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 2,864,600 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 1,013,700 | 0,000,000 | 0,000,000 | 0,000,000 |
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.
Housing Development Finance Corporation 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.
