Housing Development Finance Corporation Limited
Housing Development Finance Corporation Limited (HDFC) is a leading financial institution headquartered in India, primarily serving the housing finance sector. Established in 1977, HDFC has played a pivotal role in promoting home ownership across the country, with a strong presence in major urban and semi-urban regions. Specialising in housing loans, HDFC offers a range of products including home loans, loan against property, and insurance services. Its unique approach combines competitive interest rates with personalised customer service, setting it apart in the industry. Over the years, HDFC has achieved significant milestones, including being the first mortgage company in India to be listed on the stock exchange. With a robust market position, HDFC is recognised for its commitment to innovation and customer satisfaction, making it a trusted name in housing finance.
DitchCarbon Score
How does Housing Development Finance Corporation Limited'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 Services Auxiliary to 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 Limited's score of 45 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Housing Development Finance Corporation Limited's reported carbon emissions
In 2023, Housing Development Finance Corporation Limited (HDFC) reported total carbon emissions of approximately 24,856,590 kg CO2e. This figure includes 9,780 kg CO2e from Scope 1 emissions, 638,540 kg CO2e from Scope 2 emissions, and a significant 16,270,000 kg CO2e from Scope 3 emissions, which primarily encompass indirect emissions from business travel, employee commuting, and downstream transportation. In 2022, HDFC's emissions were about 21,817,510 kg CO2e, indicating an increase in emissions over the year. The breakdown for 2022 included 3,115,380 kg CO2e from Scope 1, 11,700,080 kg CO2e from Scope 2, and 7,002,050 kg CO2e from Scope 3. Despite the increase in total emissions, HDFC has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The corporation's emissions intensity, measured as combined Scope 1 and 2 emissions per unit of revenue, has shown a decreasing trend over the years, reflecting efforts to improve efficiency. Overall, HDFC's emissions data highlights the need for enhanced climate commitments and reduction strategies to address the growing carbon footprint, particularly in Scope 3 emissions, which represent the majority of their total emissions.
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Get Started| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 7,000 | 0,000 | 0,000 | 0,000 | 0,000,000 | 000,000 | 0,000,000 | 0,000 | 00,000 |
| Scope 2 | 449,700 | 000,000 | 000,000 | 000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 000,000 | 000,000 |
| Scope 3 | 23,600 | 00,000 | 00,000 | 00,000 | 0,000,000 | 000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
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.
Housing Development Finance Corporation Limited 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.
