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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.
53
DitchCarbon score
+16 vs industry average
Hdfc’s score of 53 is higher than 68% 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 – 2028
202020212022202320242025202620272028
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 Bank Limited, an India-based financial intermediation services company, reported total Scope 1, 2, and 3 emissions of approximately 650 million kg CO2e in 2024.
In 2024, the company's Scope 1 emissions were about 90 million kg CO2e, Scope 2 market-based emissions were approximately 500 million kg CO2e, and Scope 3 emissions were around 60 million kg CO2e. Key contributors to Scope 3 emissions included business travel (about 14.4 million kg CO2e) and upstream leased assets (approximately 44.2 million kg CO2e).
Looking back, HDFC Bank Limited's total Scope 1 and 2 emissions have shown fluctuations, with roughly 590 million kg CO2e in 2024, 340 million kg CO2e in 2023, 310 million kg CO2e in 2022, 310 million kg CO2e in 2021, and 397.8 million kg CO2e in 2020. The company has a climate neutrality target for operational emissions by the financial year 2031-32, aiming to reduce emission intensity through energy efficiency, renewable energy adoption, and responsible resource use.
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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
No scope 3 category breakdown has been disclosed yet.
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
Hdfc10 months ago
53
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