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Public Profile
Financial Intermediation
IN
updated 10 days ago

IRFC

Company website

Indian Railway Finance Corporation (IRFC), headquartered in New Delhi, India, plays a pivotal role in the railway finance sector. Established in 1986, IRFC has become a key player in providing financial assistance to the Indian Railways, facilitating the procurement of rolling stock and infrastructure development. Specialising in the financing of railway projects, IRFC offers unique services such as long-term loans and leasing options, tailored to meet the specific needs of the rail sector. With a strong market position, the corporation has achieved notable milestones, including its successful debut on the stock market in 2021, which further solidified its reputation as a reliable financial partner. IRFC's commitment to supporting the growth of Indian Railways underscores its significance in the transportation industry, making it an essential entity in the nation's infrastructure development landscape.

DitchCarbon Score

How does IRFC'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.

15

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.

27

Industry Benchmark

IRFC's score of 15 is lower than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.

10%

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IRFC's reported carbon emissions

In 2023, the Indian Railway Finance Corporation (IRFC) reported carbon emissions of approximately 46,500 kg CO2e, exclusively from Scope 2 emissions. This data reflects the corporation's energy-related indirect emissions, as no Scope 1 or Scope 3 emissions data was disclosed. Currently, IRFC has not established any specific reduction targets or initiatives, nor does it participate in the Science Based Targets initiative (SBTi). The absence of formal climate pledges indicates a potential area for future commitment to sustainability and emissions reduction. As a significant player in the finance sector, IRFC's emissions data is crucial for understanding its environmental impact and commitment to climate action. The corporation's focus on transparency in reporting is essential for stakeholders and aligns with industry standards for sustainability.

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2023
Scope 1
-
Scope 2
46,500
Scope 3
-

Industry emissions intensity

Very low
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Medium
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Very high
Some industries are more carbon intensive than others. IRFC's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for IRFC is in IN, which has a very high grid carbon intensity relative to other regions.

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.

IRFC 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

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