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 40 is higher than 86% 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 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 8,972,030 kg CO2e from Scope 3 emissions. The company has shown a commitment to reducing its carbon footprint, although specific reduction targets or initiatives have not been disclosed. In the previous year, 2022, HDFC's total emissions were about 21,817,510 kg CO2e, with Scope 1 emissions at 3,115,380 kg CO2e, Scope 2 emissions at 11,700,080 kg CO2e, and Scope 3 emissions at 7,002,050 kg CO2e. This indicates an increase in emissions in 2023 compared to 2022. HDFC has reported a consistent focus on monitoring and managing its emissions across all scopes, with a notable emphasis on Scope 2 emissions, primarily from purchased electricity. The company has also provided emissions intensity metrics, such as GHG emissions intensity per unit of revenue, which reflects its operational efficiency in relation to its carbon output. While HDFC has not set specific reduction targets or climate pledges, its ongoing efforts to track and report emissions demonstrate a commitment to sustainability and environmental responsibility within the financial services sector in India.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 7,000 | 0,000 | 0,000 | 0,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000 | 00,000 |
| Scope 2 | 449,700 | 000,000 | 000,000 | 000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 000,000 | 000,000 |
| Scope 3 | 23,600 | 00,000 | 00,000 | 00,000 | 0,000,000 | 0,000,000 | 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.
Housing Development Finance Corporation Limited 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.
