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HDFC Life Insurance Company Limited, commonly known as HDFC Life, is a prominent player in the Indian financial services sector, specialising in life insurance solutions. Headquartered in Mumbai, India, the company operates across various regions within the country, serving a diverse customer base. Established in 2000, HDFC Life has grown to become one of India's leading life insurance providers, recognised for its innovative products and customer-centric approach.
The company offers a wide range of insurance products, including term plans, savings, retirement, and health insurance, distinguished by their customised features and flexible options. With a strong market presence and a reputation for financial stability, HDFC Life continues to be a key player in the 'Other Business Services (74)' industry, leveraging its extensive distribution network and technological advancements to meet evolving customer needs.
39
DitchCarbon score
+3 vs industry average
HDFC LIFE’s score of 39 is higher than 56% 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
Business Services is among the least carbon-intensive industries
Industry performance
0.146
20182025
The Business Services industry has reduced its overall emissions by 25% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
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 LIFE's reported carbon emissions
HDFC LIFE, headquartered in India, reported total emissions of approximately 17,495,380 kg CO2e in 2024. This includes Scope 1 emissions of 161,830 kg CO2e, Scope 2 emissions of 10,769,800 kg CO2e, and Scope 3 emissions of 6,563,750 kg CO2e. Key contributors to Scope 3 emissions were business travel at 3,131,530 kg CO2e, employee commuting at 1,689,830 kg CO2e, and fuel and energy related activities at 1,742,130 kg CO2e.
In 2023, the company's Scope 1 emissions were 118,360 kg CO2e, Scope 2 emissions were 11,101,440 kg CO2e, and Scope 3 emissions were 3,714,030 kg CO2e. In 2022, HDFC LIFE recorded Scope 1 emissions of 877,500 kg CO2e, Scope 2 emissions of 11,161,700 kg CO2e, and Scope 3 emissions of 2,954,800 kg CO2e.
The emissions data for HDFC LIFE is cascaded from its parent company, HDFC Life Insurance Company Limited.
HDFC LIFE has set an intensity target to achieve 4.0e-10 kg CO2e of Scope 1 and Scope 2 emissions per rupee of turnover, adjusted for Purchasing Power Parity (PPP), by 2025. They also aim for a Scope 3 emission intensity of 500.0 kg CO2e per employee by the same year.
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HDFC LIFE’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for HDFC LIFE yet.
Scope 3 top emissions categories
4 of 15 categories disclosedSee all scope 3 categories
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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
HDFC LIFE5 months ago
39
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