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 60% 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 reached approximately 3,801,560 kg CO2e. Scope 3 emissions totalled around 3,554,880 kg CO2e, with significant contributions from employee commuting (about 2,830,000 kg CO2e). The IDC has set ambitious climate commitments, aiming for net-zero emissions by 2050. Additionally, the corporation has targeted a near-term reduction of about 32% in Scope 2 emissions from the base year of 2019, reflecting a strategic response to changes in operational practices, including the adoption of a work-from-home model and the impacts of loadshedding. This data is sourced directly from the IDC, with no cascaded emissions data from parent or related organizations. The IDC's proactive approach to climate action underscores its commitment to sustainability and reducing its carbon footprint across all scopes.
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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.
