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 40 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
HDFC LIFE's reported carbon emissions
In 2023, HDFC Life reported total carbon emissions of approximately 11,101,440 kg CO2e from Scope 2, 118,360 kg CO2e from Scope 1, and 3,714,030 kg CO2e from Scope 3, which includes significant contributions from business travel at about 2,776,400 kg CO2e. This reflects a notable increase in Scope 3 emissions compared to the previous year, where total emissions were approximately 10,000,000 kg CO2e. For 2024, HDFC Life's emissions are projected to total approximately 17,495,380 kg CO2e, with Scope 1 emissions at about 161,830 kg CO2e, Scope 2 emissions at approximately 10,769,800 kg CO2e, and Scope 3 emissions rising to about 6,563,750 kg CO2e. The increase in emissions across all scopes indicates a growing operational footprint. Despite these figures, HDFC Life has not publicly committed to specific reduction targets or initiatives, nor have they joined any climate pledges. The company’s GHG intensity metrics indicate an increase in emissions per employee, with values of 540 kg CO2e per employee in 2024, compared to 460 kg CO2e in 2023. Overall, while HDFC Life is actively monitoring its carbon emissions, the absence of defined reduction targets suggests a need for enhanced climate action strategies to align with industry standards and expectations.
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Get Started| 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 committed to any reduction initiatives 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.
