HDFC LIFE
HDFC Life Insurance Company Limited, commonly referred to as HDFC Life, is a leading player in the Indian life insurance sector, headquartered in Mumbai, India. Established in 2000, the company has consistently demonstrated its commitment to providing innovative insurance solutions, catering to a diverse clientele across the country. HDFC Life offers a comprehensive range of products, including individual and group insurance plans, pension plans, and health insurance, distinguished by their customer-centric approach and flexibility. The company has achieved significant milestones, such as being one of the first private insurers to receive an IPO in 2017, solidifying its market position. With a strong focus on technology and customer service, HDFC Life has garnered numerous accolades, making it a trusted name in the industry. Its robust distribution network and commitment to financial inclusion further enhance its reputation as a reliable insurance provider in India.
DitchCarbon Score
How does HDFC LIFE'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 Business 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 LIFE's score of 42 is higher than 66% 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 LIFE's reported carbon emissions
In 2024, HDFC Life Insurance Company Limited reported total carbon emissions of approximately 17,495,380 kg CO2e. This figure includes Scope 1 emissions of about 161,830 kg CO2e, primarily from mobile combustion, and Scope 2 emissions of approximately 10,769,800 kg CO2e, predominantly from purchased electricity. Additionally, Scope 3 emissions were reported at around 6,563,750 kg CO2e, with significant contributions from business travel (about 3,131,530 kg CO2e) and employee commuting (approximately 1,689,830 kg CO2e). In 2023, the company’s emissions were approximately 11,161,790 kg CO2e for Scope 2 and 2,954,850 kg CO2e for Scope 3, indicating a consistent focus on monitoring and reporting emissions across all scopes. The data for 2023 also shows Scope 1 emissions of about 877,540 kg CO2e. HDFC Life's emissions data is cascaded from its parent company, HDFC Bank Limited, reflecting a corporate family relationship. However, there are currently no specific reduction targets or climate pledges disclosed by HDFC Life, indicating a potential area for future commitment and improvement in their climate strategy. Overall, HDFC Life demonstrates a commitment to transparency in emissions reporting, aligning with industry standards, but may benefit from establishing clear reduction targets to enhance its climate commitments.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 877,500 | 000,000 | 000,000 |
| Scope 2 | 11,161,700 | 00,000,000 | 00,000,000 |
| Scope 3 | 2,954,800 | 0,000,000 | 0,000,000 |
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 LIFE 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.
