Industrial Development Corporation Sustainability Profile
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 59% 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 7,687,780 kg CO2e, with emissions distributed across various scopes. Specifically, Scope 1 emissions accounted for about 331,340 kg CO2e, while Scope 2 emissions from purchased electricity were approximately 3,801,560 kg CO2e. Scope 3 emissions, which include indirect emissions from sources such as employee commuting, totalled around 3,554,880 kg CO2e. Looking ahead, the IDC has set ambitious climate commitments, aiming for net-zero emissions by 2050. This long-term target encompasses all scopes of emissions and reflects the organisation's commitment to sustainability. Additionally, the IDC has achieved a near-term reduction target of about 32% in Scope 2 emissions from the base year of 2019, attributed to changes in operational practices, including the work-from-home model and the impacts of loadshedding. For 2025, the IDC's emissions data indicates Scope 2 emissions of approximately 3,720,000 kg CO2e and financed Scope 3 emissions of about 16,070,000 kg CO2e, highlighting the ongoing challenges in managing indirect emissions. The IDC's proactive approach to reducing its carbon footprint demonstrates its commitment to addressing climate change and promoting sustainable 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 |
How Carbon Intensive is Industrial Development Corporation's Industry?
How Carbon Intensive is Industrial Development Corporation's Location?
Industrial Development Corporation's Scope 3 Categories Breakdown
Industrial Development Corporation's Scope 3 emissions, which increased by 763% last year and decreased by approximately 60% since 2019, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 27% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 59% of Scope 3 emissions.
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Industrial Development Corporation's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Industrial Development Corporation has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
