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 21 is lower than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Power Finance Corporation's reported carbon emissions
In 2023, Power Finance Corporation (PFC) reported total carbon emissions of approximately 1,199,100 kg CO2e, comprising 1,900 kg CO2e from Scope 1 and 1,197,200 kg CO2e from Scope 2 emissions. For the following year, 2024, emissions decreased to about 1,268,370 kg CO2e, with Scope 1 emissions further reduced to 800 kg CO2e and Scope 2 emissions rising to 1,268,570 kg CO2e. PFC has not disclosed any specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The corporation's emissions intensity per rupee of turnover has shown a slight improvement, indicating a commitment to reducing its carbon footprint relative to its revenue. Overall, while PFC has made progress in managing its emissions, the absence of formal reduction targets suggests an opportunity for further commitment to climate action.
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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 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.
