HDFC ERGO General Insurance Company Limited Sustainability Profile
HDFC ERGO General Insurance Company Limited, a prominent player in the Indian insurance sector, is headquartered in Mumbai, India. Established in 2002, the company has rapidly evolved, offering a diverse range of insurance products, including health, motor, travel, and home insurance. HDFC ERGO is known for its innovative solutions, such as cashless hospitalisation and comprehensive motor insurance plans, which cater to the unique needs of its customers. With a strong market presence across major operational regions in India, HDFC ERGO has garnered numerous accolades for its customer service and claims settlement processes. The company’s commitment to digital transformation and customer-centric policies has positioned it as a trusted choice among policyholders, making it a significant contributor to the general insurance landscape in India.
DitchCarbon Score
How does HDFC ERGO General Insurance 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 Real Estate Services 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 ERGO General Insurance Company Limited's score of 27 is higher than 53% 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 ERGO General Insurance Company Limited, headquartered in India, currently does not report specific carbon emissions data for the most recent year, as indicated by the absence of emissions figures. The company is a current subsidiary of HDFC Bank Limited, which may influence its climate-related initiatives and reporting. While HDFC ERGO has not set specific reduction targets or made notable climate pledges, it is important to note that its emissions data and performance may be cascaded from HDFC Bank Limited. This relationship suggests that HDFC ERGO could align its climate commitments with those of its parent company, although specific details on such initiatives are not provided. In the broader context, HDFC Bank Limited has been active in addressing climate change, which may reflect on HDFC ERGO's future commitments and strategies. However, without concrete emissions data or defined targets, the company's current climate impact remains unclear.
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Access structured emissions data, company-specific emission factors, and source documents
| 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 |
How Carbon Intensive is HDFC ERGO General Insurance Company Limited's Industry?
How Carbon Intensive is HDFC ERGO General Insurance Company Limited's Location?
HDFC ERGO General Insurance Company Limited's Scope 3 Categories Breakdown
HDFC ERGO General Insurance Company Limited's Scope 3 emissions, which increased by 20% last year and increased by approximately 125% since 2015, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 9% of total emissions under the GHG Protocol, with "Upstream Leased Assets" being the largest emissions source at 74% of Scope 3 emissions.
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HDFC ERGO General Insurance Company Limited's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
HDFC ERGO General Insurance Company Limited has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
