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 32 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Idfc First Bank's reported carbon emissions
In 2024, IDFC First Bank reported total carbon emissions of approximately 39,404,200 kg CO2e, with emissions distributed across various scopes. Specifically, Scope 1 emissions were about 566,650 kg CO2e, while Scope 2 emissions accounted for approximately 36,270,070 kg CO2e. Scope 3 emissions, primarily from business travel, contributed around 35,871,300 kg CO2e. In 2023, the bank's total emissions were about 53,637,000 kg CO2e, with Scope 1 emissions at approximately 291,000 kg CO2e and Scope 2 emissions at about 24,821,000 kg CO2e. The Scope 3 emissions for that year were around 28,523,000 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 data across all three scopes, indicating a commitment to transparency in its climate impact. The emissions intensity for Scope 3 was noted to be 133.1 kg CO2e per unit of revenue in 2024, reflecting the bank's operational footprint in relation to its financial performance. Overall, while IDFC First Bank has made strides in reporting its emissions, further details on reduction initiatives or targets would enhance its climate commitment narrative.
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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 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.
