Hdfc

Hdfc's reported carbon emissions

In 2024, HDFC Bank Limited reported total carbon emissions of approximately 650 million kg CO2e. This figure includes Scope 1 emissions of about 90 million kg CO2e, Scope 2 emissions of approximately 500 million kg CO2e, and Scope 3 emissions of around 60 million kg CO2e. The bank has disclosed emissions data across all three scopes, demonstrating a commitment to transparency in its environmental impact. HDFC Bank's emissions have shown fluctuations over the years, with a notable increase in total emissions from 2023, where they reported approximately 340 million kg CO2e from Scope 1 and 2 combined. The bank's Scope 1 emissions have been consistently low, while Scope 2 emissions have been the largest contributor to their overall carbon footprint. Despite the significant emissions figures, HDFC Bank has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. This absence of formal reduction commitments may reflect the broader context of the banking industry, where many institutions are still developing comprehensive strategies to address climate change. Overall, HDFC Bank's emissions data highlights the importance of ongoing monitoring and potential future commitments to reduce their carbon footprint in alignment with global climate goals.