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 68% 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 includes Scope 1 emissions of about 161,830 kg CO2e, Scope 2 emissions of approximately 10,769,800 kg CO2e, and Scope 3 emissions totalling around 6,563,750 kg CO2e. Notably, the Scope 3 emissions breakdown reveals significant contributions from business travel (about 2,969,990 kg CO2e) and employee commuting (approximately 1,689,830 kg CO2e). Comparatively, in 2023, HDFC Life's total emissions were about 11,140,000 kg CO2e, with Scope 1 emissions at approximately 118,360 kg CO2e and Scope 2 emissions around 11,101,440 kg CO2e. The Scope 3 emissions for that year were reported at about 3,714,030 kg CO2e. Despite these figures, HDFC Life has not disclosed specific reduction targets or initiatives as part of their climate commitments. The emissions data is cascaded from HDFC Bank Limited, reflecting the corporate family relationship, which may influence their overall sustainability strategy. HDFC Life's commitment to addressing climate change is evident, although further details on specific reduction initiatives or targets are currently unavailable. The company continues to monitor and report its emissions, aligning with industry standards for transparency and accountability in climate action.
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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.
