Hdfc
HDFC Bank Limited, commonly referred to as HDFC, is a leading financial institution headquartered in Mumbai, India. Established in 1994, HDFC has grown to become one of the largest private sector banks in the country, with a significant presence across urban and rural regions. The bank operates primarily in the banking and financial services industry, offering a diverse range of products including retail banking, wholesale banking, and treasury operations. HDFC Bank is renowned for its innovative digital banking solutions and customer-centric approach, which have set it apart in a competitive market. With a strong emphasis on technology, the bank has achieved numerous accolades, including being consistently ranked among the top banks in India for customer satisfaction and service quality. Its commitment to excellence and robust financial performance solidifies HDFC's position as a trusted leader in the Indian banking sector.
DitchCarbon Score
How does Hdfc'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
Hdfc's score of 33 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hdfc's reported carbon emissions
In 2023, HDFC reported total carbon emissions of approximately 24,856,590 kg CO2e, with emissions distributed across various scopes: 3,981,440 kg CO2e from Scope 1, 11,903,120 kg CO2e from Scope 2, and 8,972,030 kg CO2e from Scope 3. The Scope 1 emissions primarily stemmed from mobile combustion, while Scope 2 emissions were mainly due to purchased electricity. Scope 3 emissions included significant contributions from business travel and employee commuting. HDFC's emissions have shown fluctuations over the years. For instance, in 2021, the total emissions were about 20,353,870 kg CO2e, indicating a slight increase in 2022 to approximately 21,817,510 kg CO2e. The bank has not set specific reduction targets or climate pledges, which may limit its ability to demonstrate a clear commitment to reducing its carbon footprint. Overall, HDFC's emissions data reflects its operational impact on climate change, and while it has disclosed comprehensive emissions across all three scopes, the absence of defined reduction initiatives suggests an opportunity for enhanced climate action.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 6,500,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 408,400,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 26,700,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 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.
Hdfc 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.
