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 31 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Hdfc's reported carbon emissions
In 2023, HDFC reported total carbon emissions of approximately 24,856,590 kg CO2e, comprising 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 emissions. This reflects a significant commitment to transparency in their emissions reporting across all scopes. Over the years, HDFC has demonstrated a trend of reducing its emissions intensity. For instance, in 2021, the bank's total emissions were about 31,514,100 kg CO2e, indicating a reduction in emissions as revenue increased. The emissions intensity for Scope 1 and 2 combined was reported at 0.0242 tCO2e per unit of revenue in 2021, showcasing their efforts to decouple growth from carbon emissions. Despite the absence of specific reduction targets or climate pledges, HDFC's ongoing commitment to sustainability is evident in their emissions data, which highlights a focus on reducing their carbon footprint while maintaining operational growth. The bank's emissions data reflects a proactive approach to climate responsibility, aligning with industry standards for environmental accountability.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Get Started| 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 committed to any reduction initiatives 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.
