HDB Financial Services Limited
HDB Financial Services Limited, commonly referred to as HDBFS, is a prominent financial services provider headquartered in India. Established in 2007, the company has rapidly expanded its operations across major regions, offering a diverse range of financial solutions tailored to meet the needs of individuals and businesses alike. Operating within the financial services industry, HDBFS focuses on key areas such as personal loans, business loans, and insurance products. What sets HDBFS apart is its commitment to customer-centric services, leveraging technology to enhance user experience and streamline processes. With a strong market presence, HDBFS has achieved significant milestones, positioning itself as a trusted partner in financial growth and stability.
DitchCarbon Score
How does HDB Financial Services 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
HDB Financial Services Limited's score of 25 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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HDB Financial Services Limited's reported carbon emissions
In 2023, HDB Financial Services Limited reported total carbon emissions of approximately 306,840,440 kg CO2e, with emissions distributed across various scopes: 29,828,770 kg CO2e from Scope 1, 306,840,440 kg CO2e from Scope 2, and 48,596,120 kg CO2e from Scope 3. This represents a slight increase in emissions compared to 2022, where total emissions were about 287,667,110 kg CO2e, with Scope 1 emissions at 20,876,970 kg CO2e, Scope 2 at 287,667,110 kg CO2e, and Scope 3 at 42,697,300 kg CO2e. Despite the increase in emissions, HDB Financial Services has not publicly disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The company has reported emissions across all three scopes, indicating a comprehensive approach to tracking their environmental impact. However, without defined reduction targets or climate pledges, the effectiveness of their climate commitments remains unclear. As a financial services provider headquartered in India, HDB Financial Services is positioned within an industry increasingly focused on sustainability and climate responsibility, yet further transparency and commitment to reduction strategies would enhance their environmental credibility.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 20,876,970 | 00,000,000 |
| Scope 2 | 287,667,110 | 000,000,000 |
| Scope 3 | 42,697,300 | 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.
HDB Financial Services 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.
