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 33 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hdfc's reported carbon emissions
In 2024, HDFC Bank reported total carbon emissions of approximately 650,000,000 kg CO2e. This figure includes 90,000,000 kg CO2e from Scope 1 emissions, 500,000,000 kg CO2e from Scope 2 emissions, and 60,000,000 kg CO2e from Scope 3 emissions, which encompasses business travel (about 14,426,780 kg CO2e), upstream leased assets (approximately 44,232,160 kg CO2e), and waste generated in operations (around 4,286,780 kg CO2e). The combined Scope 1 and 2 emissions totalled about 590,000,000 kg CO2e. For the previous year, 2023, HDFC Bank's emissions in India were reported at approximately 24,856,590 kg CO2e, with Scope 1 emissions at about 3,981,440 kg CO2e, Scope 2 emissions at approximately 11,903,120 kg CO2e, and Scope 3 emissions at around 8,972,030 kg CO2e. HDFC Bank has not disclosed any specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The bank's emissions data is not cascaded from any parent organization, indicating that it independently reports its emissions and climate commitments. Overall, HDFC Bank's emissions data reflects its operational impact and highlights the need for ongoing efforts in carbon management and sustainability practices.
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| 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 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.
