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 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 37 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, 2,497,000 kg CO2e from Scope 2 emissions, and a significant 16,270,000 kg CO2e from Scope 3 emissions, which encompasses areas such as business travel and employee commuting. Comparatively, in 2022, HDFC's total emissions were about 21,817,510 kg CO2e, indicating an increase in emissions year-on-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. HDFC has not publicly committed to specific reduction targets or initiatives, nor have they outlined any climate pledges. The absence of documented reduction targets suggests that while the corporation is aware of its carbon footprint, it may not yet have formalised a strategy for emissions reduction in line with industry standards. Overall, HDFC's emissions data reflects a growing concern for climate impact, but further commitments and strategies will be essential for meaningful progress in reducing their carbon footprint.
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Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 1,340,100 | 000,000 | 0,000,000 | 0,000 | 00,000 |
| Scope 2 | 2,864,600 | 0,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 1,013,700 | 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 committed to some 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.
