Idfc First Bank
IDFC First Bank, headquartered in India, is a prominent player in the banking and financial services industry. Established in 2015, the bank emerged from the merger of IDFC Bank and Capital First, marking a significant milestone in the Indian banking landscape. With a strong presence in major operational regions across the country, IDFC First Bank focuses on retail banking, wholesale banking, and financial services. The bank offers a diverse range of core products and services, including savings accounts, personal loans, and business financing, distinguished by its customer-centric approach and innovative digital solutions. IDFC First Bank has quickly established itself as a trusted financial partner, earning accolades for its commitment to sustainable banking practices and financial inclusion. With a growing market position, it continues to enhance its offerings, catering to the evolving needs of its customers.
DitchCarbon Score
How does Idfc First Bank'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
Idfc First Bank's score of 31 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Idfc First Bank's reported carbon emissions
In 2023, IDFC First Bank reported total emissions of approximately 39,404,200 kg CO2e, which includes 566,650 kg CO2e from Scope 1 and 36,270,070 kg CO2e from Scope 2 emissions. The bank's Scope 3 emissions were also significant, contributing to the overall carbon footprint. The total emissions for Scope 1 and 2 combined were about 36,836,720 kg CO2e. For 2022, the bank's emissions were lower, with Scope 1 emissions at 291,100 kg CO2e, Scope 2 at 24,821,400 kg CO2e, and Scope 3 at 2,332,000 kg CO2e, resulting in a total of approximately 25,112,500 kg CO2e for Scope 1 and 2. IDFC First Bank has set ambitious climate commitments, aiming for a 20% share of renewable energy in its energy mix by 2025 for large offices, applicable to both Scope 1 and Scope 2 emissions. The bank is also conducting a detailed TCFD assessment to evaluate risks and opportunities related to climate change, with a focus on achieving net-zero emissions in the near term. Overall, IDFC First Bank is actively working towards reducing its carbon footprint and enhancing its sustainability practices, aligning with industry standards for climate action.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 291,100 | 000,000 |
| Scope 2 | 24,821,400 | 00,000,000 |
| Scope 3 | 2,332,000 | 00,000,000 |
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.
Idfc First Bank 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.
