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 higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Indian Renewable Energy Development Agency's reported carbon emissions
In 2023, the Indian Renewable Energy Development Agency (IREDA) reported carbon emissions totalling approximately 749,590 kg CO2e, all of which were classified under Scope 2 emissions, indicating indirect emissions from purchased electricity. The following year, 2024, emissions increased to about 899,530 kg CO2e, again solely from Scope 2 sources. Notably, IREDA has not disclosed any Scope 1 emissions, which remain at zero. Despite the increase in emissions, there are currently no specific reduction targets or climate pledges outlined by IREDA. This absence of defined initiatives suggests a need for further commitment to climate action within the organisation. As a key player in India's renewable energy sector, IREDA's future strategies will be crucial in addressing its carbon footprint and contributing to national climate goals.
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Add to project| 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 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.
