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 20 is higher than 94% 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, 3,713,030 kg CO2e from Scope 3, and 118,360 kg CO2e from Scope 1. This reflects a significant reduction in Scope 1 emissions compared to 2022, where they were 877,500 kg CO2e. The company has also shown a commitment to reducing its overall carbon footprint, with a total of approximately 17,495,380 kg CO2e reported in 2024, which includes 161,830 kg CO2e from Scope 1, 10,769,800 kg CO2e from Scope 2, and 6,563,750 kg CO2e from Scope 3. HDFC Life has not set specific reduction targets or climate pledges, indicating a potential area for future commitment. The company’s GHG intensity metrics show an increase in emissions per employee, with 540 kg CO2e in 2024 compared to 460 kg CO2e in 2023. This data highlights the need for ongoing efforts to enhance sustainability practices and reduce emissions across all scopes.
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Add to project| 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.
