Power Finance Corporation
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 81% 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 2023, Power Finance Corporation (PFC) reported total carbon emissions of approximately 1,199,200 kg CO2e from Scope 2 and 1,900 kg CO2e from Scope 1, totalling about 1,201,100 kg CO2e. The following year, 2024, emissions decreased, with Scope 1 emissions at 800 kg CO2e and Scope 2 emissions at approximately 1,268,570 kg CO2e, resulting in total emissions of about 1,269,370 kg CO2e. PFC has disclosed emissions data for Scope 1 and Scope 2 but has not provided information on Scope 3 emissions. The corporation has not set specific reduction targets or climate pledges, indicating a potential area for future commitment. The emissions intensity per rupee of turnover has shown a slight improvement, with a reduction from 0.00003 kg CO2e in 2023 to 0.0000285 kg CO2e in 2024, reflecting ongoing efforts to enhance operational efficiency. Overall, while PFC has made strides in reducing emissions, the absence of formal reduction targets suggests an opportunity for further climate action and commitment to sustainability.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 1,900 | 000 |
| Scope 2 | 1,197,200 | 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.
Power Finance Corporation 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.
