Indian Renewable Energy Development Agency
The Indian Renewable Energy Development Agency (IREDA) is a pivotal institution in the renewable energy sector, headquartered in New Delhi, India. Established in 1987, IREDA has been instrumental in promoting and financing renewable energy projects across the country, focusing on solar, wind, biomass, and small hydroelectric power. With a commitment to sustainable development, IREDA offers unique financial products and services tailored to the renewable energy market, including project financing and capacity building. The agency has achieved significant milestones, contributing to India's position as a global leader in renewable energy capacity. Recognised for its efforts, IREDA plays a crucial role in supporting the government's initiatives towards a greener future, making it a key player in the transition to sustainable energy solutions in India.
DitchCarbon Score
How does Indian Renewable Energy Development Agency'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
Indian Renewable Energy Development Agency's score of 16 is lower than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Indian Renewable Energy Development Agency's reported carbon emissions
In 2024, the Indian Renewable Energy Development Agency (IREDA) reported total carbon emissions of approximately 899,530 kg CO2e, all of which were classified under Scope 2 emissions, indicating indirect emissions from purchased electricity. In the previous year, 2023, IREDA's emissions were about 749,590 kg CO2e, also solely from Scope 2. Notably, the agency has not reported any Scope 1 emissions, which would typically include direct emissions from owned or controlled sources. IREDA has not established specific reduction targets or climate pledges, nor does it appear to have committed to the Science Based Targets initiative (SBTi) for emissions reduction. However, the agency's emissions intensity per rupee of turnover has shown a decrease, from approximately 2.6875e-13 in 2023 to about 2.2625e-13 in 2024, reflecting a potential improvement in operational efficiency relative to revenue generation. As a key player in India's renewable energy sector, IREDA's focus on reducing its carbon footprint aligns with broader national and global climate commitments, although specific reduction initiatives or targets have not been disclosed.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | - | - |
| Scope 2 | 749,590 | 000,000 |
| Scope 3 | - | - |
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.
Indian Renewable Energy Development Agency 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.
