Idfc First Bank
IDFC First Bank, headquartered in India, is a prominent player in the financial intermediation services sector, specifically focusing on services excluding insurance and pension funding. Established in 2015, the bank has rapidly evolved, merging with IDFC Bank and acquiring a strong foothold in major operational regions across the country.
The bank offers a diverse range of core products and services, including retail banking, corporate banking, and wealth management, distinguished by their customer-centric approach and innovative digital solutions. IDFC First Bank has garnered recognition for its commitment to sustainable banking practices and has achieved significant milestones, positioning itself as a trusted financial partner in India’s dynamic banking landscape. With a focus on enhancing customer experience, the bank continues to strengthen its market presence and reputation.
+16 vs industry average
Idfc First Bank’s score of 53 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Idfc First Bank's reported carbon emissions
IDFC First Bank, headquartered in India and operating in financial intermediation services, has reported its carbon emissions data. For the reporting year 2025, the bank's total emissions were approximately 105.4 million kg CO2e. This includes Scope 1 emissions of about 19.4 million kg CO2e, Scope 2 emissions of approximately 42.3 million kg CO2e, and Scope 3 emissions totalling about 42.7 million kg CO2e.
In the preceding year, 2024, IDFC First Bank's total emissions were approximately 81.8 million kg CO2e. This figure comprised Scope 1 emissions of about 0.6 million kg CO2e, Scope 2 emissions of approximately 36.3 million kg CO2e, and Scope 3 emissions totalling around 39.4 million kg CO2e.
For the reporting year 2023, the bank reported total emissions of approximately 53.6 million kg CO2e. This consisted of Scope 1 emissions at about 0.6 million kg CO2e, Scope 2 emissions of approximately 36.3 million kg CO2e, and Scope 3 emissions of roughly 39.4 million kg CO2e. It's important to note that for 2023, the provided data indicates a total emission figure of 53,637,000 kg CO2e, which is the sum of Scope 1, Scope 2, and Scope 3 emissions.
The bank has established climate commitments. For large offices, IDFC First Bank aims to incorporate 20% renewable energy into its energy mix by 2025, covering both Scope 1 and Scope 2 emissions. Furthermore, the bank is in the process of evaluating climate change risks and opportunities through a detailed TCFD assessment. This initiative spans near-term targets from 2023 to 2025.
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Idfc First Bank’s Climate Goals (2030 & 2050)
4 goals2025
20% reduction in Scope 2
20% of renewable energy in energy mix by 2025 for large offices
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
3 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives

Science Based Targets Initiative

Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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