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 17 is higher than 85% 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 2023, IDFC First Bank reported total carbon emissions of approximately 53,637,000 kg CO2e. This figure includes Scope 1 emissions of about 291,000 kg CO2e, primarily from stationary combustion, and Scope 2 emissions of approximately 24,821,000 kg CO2e, mainly from purchased electricity. Notably, Scope 3 emissions were significant, totalling around 28,523,000 kg CO2e, with business travel contributing approximately 25,453,000 kg CO2e. In 2022, the bank's total emissions were about 19,653,300 kg CO2e for Scope 1 and 2 combined, with Scope 1 emissions at 455,000 kg CO2e and Scope 2 emissions at 19,199,000 kg CO2e. The increase in emissions from 2022 to 2023 indicates a growing carbon footprint, particularly in Scope 3 emissions. For 2024, IDFC First Bank's emissions data shows a further increase, with total emissions reaching approximately 39,404,200 kg CO2e for Scope 3, alongside Scope 1 emissions of about 566,650 kg CO2e and Scope 2 emissions of approximately 36,270,070 kg CO2e. Despite these figures, IDFC First Bank has not disclosed specific reduction targets or initiatives aimed at decreasing their carbon emissions. The absence of formal climate pledges or science-based targets suggests a need for enhanced commitment to sustainability and emissions reduction strategies in the future.
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Add to project| 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.
