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 1 is lower than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
IRFC's reported carbon emissions
In 2023, IRFC reported total carbon emissions of approximately 34,183,300 kg CO2e from Scope 1 and about 24,295,270 kg CO2e from Scope 2. This indicates a significant commitment to tracking and managing their greenhouse gas emissions. However, in 2024, the emissions data shows a substantial increase in Scope 1 emissions, reaching approximately 88,232,940 kg CO2e, while Scope 2 emissions remained relatively low at about 46,500 kg CO2e. Despite these figures, IRFC has not disclosed any specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented reduction strategies suggests that while the organisation is monitoring its emissions, it may not yet have formalised commitments to reduce them in line with industry standards. As the climate crisis intensifies, it will be crucial for IRFC to establish clear climate commitments to enhance its sustainability profile and align with global climate goals.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 34,183,300 | 00,000,000 |
| Scope 2 | 24,295,270 | 00,000 |
| 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 committed to any reduction initiatives 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.
