HDFC General Insurance Limited Sustainability Profile
HDFC General Insurance 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, a joint venture between HDFC Ltd. and ERGO International AG, has achieved significant milestones, such as receiving the 'Best General Insurance Company' award. With a strong market presence across major operational regions in India, HDFC General Insurance is recognised for its customer-centric approach and innovative solutions. Their unique offerings, such as comprehensive health plans and tailored motor insurance, set them apart in a competitive landscape. The company’s commitment to excellence has solidified its position as a trusted name in the general insurance industry.
DitchCarbon Score
How does HDFC General Insurance 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 Insurance 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 General Insurance Limited's score of 32 is higher than 55% 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 General Insurance Limited, headquartered in India, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The company is a current subsidiary of HDFC Bank Limited, which may influence its climate strategies and commitments. While HDFC General Insurance Limited does not have documented reduction targets or climate pledges, it is important to note that emissions data may be inherited from its parent company, HDFC ERGO General Insurance Company Limited, at a cascade level of 1. This means that any climate initiatives or emissions reporting may be aligned with the broader strategies of HDFC ERGO. As a part of the financial services sector, HDFC General Insurance Limited is likely to be influenced by industry standards and expectations regarding climate action, although specific commitments or targets have not been disclosed. The company’s approach to sustainability and climate commitments may evolve as it aligns with the practices of its parent organisation and the wider industry context.
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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 General Insurance Limited's Industry?
How Carbon Intensive is HDFC General Insurance Limited's Location?
HDFC General Insurance Limited's Scope 3 Categories Breakdown
HDFC General Insurance 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.
Top Scope 3 Categories
HDFC General Insurance 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 General Insurance 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.
