Idfc First Bank
IDFC First Bank, headquartered in India, is a prominent player in the banking and financial services industry. Established in 2015, the bank emerged from the merger of IDFC Bank and Capital First, marking a significant milestone in the Indian banking landscape. With a strong presence in major operational regions across the country, IDFC First Bank focuses on retail banking, wholesale banking, and financial services. The bank offers a diverse range of core products and services, including savings accounts, personal loans, and business financing, distinguished by its customer-centric approach and innovative digital solutions. IDFC First Bank has quickly established itself as a trusted financial partner, earning accolades for its commitment to sustainable banking practices and financial inclusion. With a growing market position, it continues to enhance its offerings, catering to the evolving needs of its customers.
DitchCarbon Score
How does Idfc First Bank'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
Idfc First Bank's score of 34 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Idfc First Bank's reported carbon emissions
In 2023, IDFC First Bank reported total carbon emissions of approximately 53,637,000 kg CO2e. This figure includes emissions from various scopes: Scope 1 emissions were about 291,000 kg CO2e, Scope 2 emissions totalled approximately 24,821,000 kg CO2e, and Scope 3 emissions reached around 28,523,000 kg CO2e, primarily driven by business travel. The bank's emissions for 2022 were significantly lower, with total emissions of about 19,653,300 kg CO2e, indicating a substantial increase in emissions year-on-year. Notably, the Scope 1 and 2 emissions combined for 2022 were approximately 19,199,000 kg CO2e, while Scope 3 emissions were around 791,000 kg CO2e. IDFC First Bank has not disclosed specific reduction targets or initiatives as part of its climate commitments. However, the bank has reported emissions intensity metrics, such as 11.0 kg CO2e per unit of revenue for Scope 3 in 2022 and 22.0 kg CO2e per unit of revenue in 2023, suggesting a focus on understanding and managing its carbon footprint relative to its financial performance. Overall, while IDFC First Bank has made strides in emissions reporting, the absence of defined reduction targets highlights an area for potential improvement in its climate strategy.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 455,000 | 000,000 | 000,000 |
| Scope 2 | 19,199,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 791,000 | 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.
Idfc First Bank 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.
