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HDFC Bank Limited, commonly referred to as HDFC, is a leading financial institution headquartered in Mumbai, India. Established in 1994, it has grown to become one of the country’s foremost providers of financial intermediation services, excluding insurance and pension funding. The bank operates extensively across India, serving millions of customers through a comprehensive range of banking products and services.
Specialising in retail banking, corporate banking, and treasury operations, HDFC is renowned for its innovative offerings and customer-centric approach. Its core services include savings and current accounts, loans, credit cards, and wealth management solutions, all distinguished by technological integration and reliability. Recognised for its market leadership and consistent growth, HDFC continues to play a pivotal role in India’s financial sector.
37
DitchCarbon score
0 vs industry average
Hdfc’s score of 37 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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Industry Intensity
Very Low
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Hdfc's reported carbon emissions
HDFC, a financial intermediation services company based in India, reported Scope 1 emissions of approximately 90 million kg CO2e, Scope 2 emissions of about 500 million kg CO2e (market-based), and Scope 3 emissions of around 60 million kg CO2e in 2024. For 2023, its Scope 1 emissions were approximately 30 million kg CO2e, Scope 2 emissions (market-based) were around 310 million kg CO2e, and Scope 3 emissions totalled about 50 million kg CO2e. In 2022, HDFC's Scope 1 emissions were approximately 20 million kg CO2e, Scope 2 emissions (market-based) were about 290 million kg CO2e, and Scope 3 emissions were around 40 million kg CO2e.
HDFC is committed to achieving carbon neutrality for its operational emissions by FY 2031-32. This target will be met by reducing emission intensity through enhanced energy efficiency, increased adoption of renewable energy, and responsible resource management.
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Hdfc’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
3 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Hdfc9 months ago
37
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