Power Finance Corporation Sustainability Profile
Power Finance Corporation Limited (PFC) is a leading financial institution headquartered in New Delhi, India. Established in 1986, PFC has played a pivotal role in the power sector, primarily focusing on financing power generation, transmission, and distribution projects across the country. With a strong presence in various operational regions, the corporation has significantly contributed to India's energy landscape. PFC offers a range of financial products and services, including project financing, consultancy, and equity investments, tailored to meet the unique needs of the power industry. Renowned for its robust financial performance, PFC has achieved notable milestones, including being a Maharatna company, which underscores its market position and operational excellence. Through its commitment to sustainable energy solutions, Power Finance Corporation continues to support India's transition towards a greener future.
DitchCarbon Score
How does Power Finance 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 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
Power Finance Corporation's score of 23 is lower than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Power Finance Corporation's reported carbon emissions
In 2024, Power Finance Corporation (PFC) reported total carbon emissions of approximately 1,268,570 kg CO2e from Scope 2 and 800 kg CO2e from Scope 1, totalling about 1,269,370 kg CO2e. This represents a slight decrease in emissions compared to 2023, where the corporation's emissions were approximately 1,197,200 kg CO2e from Scope 2 and 1,900 kg CO2e from Scope 1, totalling about 1,199,100 kg CO2e. PFC has not disclosed any Scope 3 emissions data, indicating a focus on direct and indirect emissions from their operations. The corporation has not set specific reduction targets or climate pledges, which may limit their commitment to long-term sustainability goals. Overall, PFC's emissions intensity per rupee of turnover has shown a decrease, with 2024 reporting an intensity of about 0.0000285 kg CO2e per INR of revenue, compared to approximately 0.0000295 kg CO2e per INR in 2023. This trend suggests a gradual improvement in operational efficiency relative to their revenue generation. As of now, PFC's climate commitments appear to be minimal, with no significant reduction initiatives or targets reported.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 1,900 | 000 |
| Scope 2 | 1,197,200 | 0,000,000 |
| Scope 3 | - | - |
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Power Finance Corporation's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Power Finance Corporation has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
