LIC Housing Finance
LIC Housing Finance Limited, headquartered in Mumbai, India, is a prominent player in the housing finance industry. Established in 1989, the company has carved a niche in providing a range of financial solutions, primarily focusing on home loans, loan against property, and construction finance. With a strong presence across major operational regions in India, LIC Housing Finance has consistently demonstrated its commitment to facilitating home ownership. The company stands out for its customer-centric approach, offering competitive interest rates and flexible repayment options. Over the years, LIC Housing Finance has achieved significant milestones, including being one of the largest housing finance companies in India, reflecting its robust market position. Its dedication to innovation and service excellence has earned it a reputation as a trusted partner for homebuyers across the nation.
DitchCarbon Score
How does LIC Housing Finance'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
LIC Housing Finance's score of 23 is lower than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
LIC Housing Finance's reported carbon emissions
In 2023, LIC Housing Finance reported total carbon emissions of approximately 4,506,000 kg CO2e, comprising 295,000 kg CO2e from Scope 1 and 4,506,000 kg CO2e from Scope 2 emissions. This represents a slight increase in emissions compared to 2022, where total emissions were about 4,842,000 kg CO2e, with Scope 1 emissions at 294,000 kg CO2e and Scope 2 emissions at 3,842,000 kg CO2e. For 2024, the company anticipates a total of approximately 3,616,160 kg CO2e in Scope 2 emissions, alongside 313,740 kg CO2e from Scope 1, indicating a potential reduction in overall emissions. Despite these figures, LIC Housing Finance has not set specific reduction targets or climate pledges, which may limit their commitment to addressing climate change. The company’s emissions per unit of revenue have shown improvement, with a reduction in emissions intensity from 2.12e-11 in 2023 to 1.44e-11 in 2024, reflecting a more efficient operation relative to revenue generation. However, without formal reduction initiatives or targets, the long-term impact of these changes remains uncertain.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 294,000 | 000,000 | 000,000 |
| Scope 2 | 3,842,000 | 0,000,000 | 0,000,000 |
| 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.
LIC Housing Finance 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.
