IRFC
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.
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
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.
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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, specifically from Scope 2 emissions. This data reflects the corporation's energy-related 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 documented climate pledges indicates a need for further commitment to climate action. As a significant player in the finance sector, IRFC's emissions data is independently reported and not cascaded from any parent organisation. The corporation's focus on sustainability will be crucial as it navigates the evolving landscape of climate commitments within the industry.
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| 2023 | |
|---|---|
| Scope 1 | - |
| Scope 2 | 46,500 |
| 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.
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.
