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 77% 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 total carbon emissions of approximately 749,590 kg CO2e, all of which were classified under Scope 2 emissions, indicating indirect emissions from purchased electricity. Notably, Scope 1 emissions were recorded at 0 kg CO2e, reflecting no direct emissions from owned or controlled sources. For the following year, 2024, IREDA's emissions increased to about 899,530 kg CO2e, again solely from Scope 2. This rise in emissions coincided with an increase in revenue, which reached approximately USD 224 million. IREDA has not disclosed any specific reduction targets or initiatives aimed at decreasing its carbon footprint. However, the agency's commitment to renewable energy development aligns with broader climate goals in India, focusing on reducing reliance on fossil fuels and promoting sustainable energy solutions. Overall, while IREDA's emissions data highlights a reliance on indirect emissions, the absence of Scope 1 emissions and a lack of defined reduction targets suggest a need for further climate action and transparency in their sustainability commitments.
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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 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.
