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Public Profile
Services Auxiliary to Financial Intermediation
IN
updated 10 days ago

Housing Development Finance Corporation Limited

Company website

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.

22

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.

29

Industry Benchmark

Housing Development Finance Corporation Limited's score of 22 is lower than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.

19%

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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 3,981,440 kg CO2e from Scope 1 emissions, which primarily stem from direct operations, and 11,903,120 kg CO2e from Scope 2 emissions, mainly related to purchased electricity. Additionally, Scope 3 emissions accounted for about 8,972,030 kg CO2e, with significant contributions from business travel (1,042,460 kg CO2e) and employee commuting (1,976,220 kg CO2e). Comparatively, in 2022, HDFC's total emissions were approximately 21,817,510 kg CO2e, indicating an increase in emissions year-on-year. The breakdown for 2022 shows 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 emissions. 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 emissions data is cascaded from the Housing Development Finance Corporation Limited itself, reflecting its operational footprint without external influence from parent or related organizations. Overall, HDFC's emissions profile highlights the need for enhanced climate commitments and strategies to mitigate its carbon footprint in alignment with global sustainability goals.

Unlock detailed emissions data

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2020202120222023
Scope 1
1,340,100
0,000,000
0,000,000
0,000,000
Scope 2
2,864,600
00,000,000
00,000,000
00,000,000
Scope 3
1,013,700
0,000,000
0,000,000
0,000,000

Industry emissions intensity

Very low
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Very high
Some industries are more carbon intensive than others. Housing Development Finance Corporation Limited's primary industry is Services auxiliary to financial intermediation (67), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Housing Development Finance Corporation Limited is in IN, which has a very high grid carbon intensity relative to other regions.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

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