Housing Development Finance Corporation Bank of Sri Lanka Sustainability Profile
Housing Development Finance Corporation Bank of Sri Lanka, commonly known as HDFC Bank, is a prominent financial institution headquartered in Colombo, LK. Established in 2003, HDFC Bank has made significant strides in the housing finance sector, primarily focusing on providing affordable housing loans and related financial services across Sri Lanka. The bank's core offerings include home loans, personal loans, and savings products, distinguished by competitive interest rates and tailored solutions for diverse customer needs. HDFC Bank has positioned itself as a leader in the housing finance industry, contributing to the development of sustainable housing solutions in major operational regions throughout the country. With a commitment to enhancing the quality of life for Sri Lankans, HDFC Bank continues to achieve notable milestones, reinforcing its reputation as a trusted partner in home financing.
DitchCarbon Score
How does Housing Development Finance Corporation Bank of Sri Lanka'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 Financial Intermediation 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
Housing Development Finance Corporation Bank of Sri Lanka's score of 22 is lower than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Housing Development Finance Corporation Bank of Sri Lanka's reported carbon emissions
In 2018, the Housing Development Finance Corporation Bank of Sri Lanka reported total carbon emissions of approximately 2,606,060 kg CO2e. This figure includes 202,270 kg CO2e from Scope 1 emissions, primarily from mobile combustion (199,730 kg CO2e) and stationary combustion (2,540 kg CO2e). Scope 2 emissions accounted for 1,265,600 kg CO2e, predominantly from purchased electricity (1,063,330 kg CO2e). Additionally, Scope 3 emissions totalled about 2,283,790 kg CO2e, with employee commuting contributing 43,510 kg CO2e. Despite the significant emissions reported, the bank has not established specific reduction targets or climate pledges, nor does it inherit emissions data from a parent organisation. The absence of reduction initiatives indicates a potential area for improvement in their climate commitments. As the financial sector increasingly prioritises sustainability, the Housing Development Finance Corporation Bank of Sri Lanka may benefit from developing a comprehensive strategy to address its carbon footprint and align with industry standards.
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| 2018 | |
|---|---|
| Scope 1 | 202,270 |
| Scope 2 | 1,265,600 |
| Scope 3 | 2,283,790 |
How Carbon Intensive is Housing Development Finance Corporation Bank of Sri Lanka's Industry?
How Carbon Intensive is Housing Development Finance Corporation Bank of Sri Lanka's Location?
Housing Development Finance Corporation Bank of Sri Lanka's Scope 3 Categories Breakdown
Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 61% of total emissions under the GHG Protocol, with "Employee Commuting" being the primary emissions source at 2% of Scope 3 emissions.
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Housing Development Finance Corporation Bank of Sri Lanka's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Housing Development Finance Corporation Bank of Sri Lanka has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
