HDB Financial Services Limited Sustainability Profile
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 32 is higher than 52% 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, headquartered in India, currently does not report any specific carbon emissions data, as indicated by the absence of emissions figures. The company is a current subsidiary of HDFC Bank Limited, which may influence its climate-related strategies and commitments. As of now, HDB Financial Services has not established any documented reduction targets or climate pledges. The lack of specific emissions data and reduction initiatives suggests that the company may still be in the early stages of developing a comprehensive climate strategy. Given the context of its parent company, HDFC Bank Limited, it is possible that HDB Financial Services could align with broader sustainability goals set by the bank, although specific details on such initiatives are not provided. The absence of emissions data and reduction commitments highlights an opportunity for HDB Financial Services to enhance its climate action framework and contribute to industry-wide sustainability efforts.
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Access structured emissions data, company-specific emission factors, and source documents
| 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 |
How Carbon Intensive is HDB Financial Services Limited's Industry?
How Carbon Intensive is HDB Financial Services Limited's Location?
HDB Financial Services Limited's Scope 3 Categories Breakdown
HDB Financial Services Limited's Scope 3 emissions, which increased by 20% last year and increased by approximately 125% since 2015, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 9% of total emissions under the GHG Protocol, with "Upstream Leased Assets" being the largest emissions source at 74% of Scope 3 emissions.
Top Scope 3 Categories
HDB Financial Services Limited's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
HDB Financial Services Limited has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
