Idfc First Bank

IDFC First Bank, headquartered in India and operating in financial intermediation services, reported its total greenhouse gas emissions for 2025 as approximately 104.38 million kg CO2e. This figure includes Scope 1 emissions of approximately 19.42 million kg CO2e, Scope 2 emissions of about 42.28 million kg CO2e, and Scope 3 emissions of approximately 42.68 million kg CO2e. For Scope 3, business travel accounted for about 40.81 million kg CO2e, employee commute for approximately 1.44 million kg CO2e, and purchased goods and services for around 0.43 million kg CO2e.

Looking at previous years, in 2024, the bank's Scope 1 emissions were approximately 0.57 million kg CO2e, Scope 2 emissions were about 36.27 million kg CO2e, and Scope 3 emissions were around 39.40 million kg CO2e. In 2023, Scope 1 emissions were approximately 0.57 million kg CO2e, Scope 2 emissions were about 36.27 million kg CO2e, and Scope 3 emissions were around 39.40 million kg CO2e, including approximately 25.45 million kg CO2e from business travel, 1.49 million kg CO2e from employee commute, and 1.58 million kg CO2e from purchased goods and services. For 2022, Scope 1 emissions were about 0.29 million kg CO2e, Scope 2 emissions were around 24.82 million kg CO2e, and Scope 3 emissions were approximately 2.33 million kg CO2e, with business travel contributing about 0.79 million kg CO2e.

IDFC First Bank has set a near-term target to achieve 20% renewable energy in its energy mix by 2025 for large offices, applying to both Scope 1 and Scope 2 emissions. The bank is also undertaking a detailed TCFD (Task Force on Climate-related Financial Disclosures) assessment to evaluate climate change risks and opportunities. All emissions data and climate commitments are directly reported by IDFC First Bank Limited, with no cascading from a parent entity.