HDFC Asset Management Company Limited
HDFC Asset Management Company Limited, commonly referred to as HDFC AMC, is a leading player in the Indian asset management industry, headquartered in Mumbai, India. Established in 1999, the company has consistently demonstrated growth and innovation, becoming a trusted name in mutual funds and investment solutions across the country. HDFC AMC offers a diverse range of financial products, including equity, debt, and hybrid mutual funds, catering to various investor needs. Its commitment to transparency and performance has earned it a strong market position, making it one of the largest asset management firms in India. With a focus on customer-centric services and a robust distribution network, HDFC AMC continues to set benchmarks in the industry, reflecting its dedication to helping investors achieve their financial goals.
DitchCarbon Score
How does HDFC Asset Management Company 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
HDFC Asset Management Company Limited's score of 39 is higher than 90% 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 Asset Management Company Limited's reported carbon emissions
In 2023, HDFC Asset Management Company Limited reported total carbon emissions of approximately 16,270,000 kg CO2e, comprising 135,000 kg CO2e from Scope 1, 2,497,000 kg CO2e from Scope 2, and 16,270,000 kg CO2e from Scope 3 emissions. This represents a slight increase from 2022, where total emissions were about 17,002,050 kg CO2e, with Scope 1 emissions at 311,538 kg CO2e, Scope 2 at 11,700,080 kg CO2e, and Scope 3 at 7,002,050 kg CO2e. In the Indian context, the 2023 emissions were similar, with total emissions of approximately 16,270,000 kg CO2e, including 135,000 kg CO2e from Scope 1, 2,497,000 kg CO2e from Scope 2, and 12,992,000 kg CO2e from Scope 3. This indicates a focus on managing emissions across all scopes, particularly in Scope 3, which often represents the largest share of total emissions for financial institutions. HDFC Asset Management Company has not publicly disclosed specific reduction targets or initiatives as part of their climate commitments. However, the company is actively monitoring and reporting its emissions, which is a critical step in addressing climate change and enhancing sustainability practices. The absence of formal reduction targets suggests an opportunity for the company to establish more defined climate goals in the future.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 3,224,180 | 0,000,000 | 000,000 | 000,000 |
| Scope 2 | 11,003,770 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 6,125,920 | 0,000,000 | 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 Asset Management Company Limited 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.
