Industrial Development Corporation
The Industrial Development Corporation (IDC), headquartered in South Africa, is a prominent development finance institution established in 1940. With a focus on fostering industrial growth, the IDC operates primarily across Southern Africa, supporting various sectors including manufacturing, mining, and infrastructure development. The corporation is renowned for its unique approach to financing, offering tailored solutions that drive sustainable economic development. Key services include project financing, equity investments, and advisory services, all aimed at enhancing industrial capacity and job creation. Over the decades, the IDC has achieved significant milestones, positioning itself as a leader in the development finance sector. Its commitment to innovation and sustainable practices has solidified its reputation, making it a vital player in South Africa's economic landscape.
DitchCarbon Score
How does Industrial Development Corporation'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 Business Services 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
Industrial Development Corporation's score of 35 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industrial Development Corporation's reported carbon emissions
In 2023, the Industrial Development Corporation (IDC) reported total carbon emissions of approximately 5,256,000 kg CO2e. This figure includes Scope 1 emissions of about 423,000 kg CO2e, primarily from mobile combustion, and Scope 2 emissions of approximately 3,801,560 kg CO2e, mainly from purchased electricity. Additionally, Scope 3 emissions totalled around 1,528,000 kg CO2e, with significant contributions from business travel and employee commuting. The IDC has set ambitious climate commitments, aiming for a net-zero target by 2050. Notably, the corporation has achieved a reduction of about 32% in Scope 2 emissions from the base year of 2019 to 2023, attributed to decreased electricity consumption due to the work-from-home model and the impacts of loadshedding. Over the past few years, the IDC's emissions have fluctuated, with total emissions recorded at approximately 4,606,000 kg CO2e in 2022 and 4,427,000 kg CO2e in 2021. The corporation's proactive approach to managing its carbon footprint reflects its commitment to sustainability and responsible industrial development in South Africa.
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| 2015 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 177,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | 0,000,000 | 0,000,000 | 000,000 | 000,000 | 0,000,000 |
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.
Industrial Development Corporation 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.
