Tourism Finance Corporation of India Limited
Tourism Finance Corporation of India Limited (TFCI) is a premier financial institution headquartered in India, specialising in the tourism and hospitality sector. Established in 1989, TFCI has played a pivotal role in promoting sustainable tourism development across the country, with a focus on key operational regions such as Himachal Pradesh, Uttarakhand, and Rajasthan. TFCI offers a range of financial products and services, including project financing, equity participation, and advisory services tailored specifically for tourism-related projects. What sets TFCI apart is its deep understanding of the tourism industry, enabling it to provide customised financial solutions that foster growth and innovation. With a strong market position, TFCI has been instrumental in financing numerous landmark projects, contributing significantly to India's tourism infrastructure and economic development.
DitchCarbon Score
How does Tourism Finance Corporation of India Limited'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
Tourism Finance Corporation of India Limited's score of 16 is lower than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Tourism Finance Corporation of India Limited's reported carbon emissions
In 2023, Tourism Finance Corporation of India Limited reported total carbon emissions of approximately 15,000,000 kg CO2e, comprising about 170,000 kg CO2e from Scope 1 and about 14,630,000 kg CO2e from Scope 2 emissions. This marks an increase from 2022, where the company recorded total emissions of about 8,400,000 kg CO2e, with Scope 1 emissions at approximately 78,770 kg CO2e and Scope 2 emissions at about 8,373,000 kg CO2e. Despite the increase in emissions, the company has not disclosed any specific reduction targets or initiatives aimed at mitigating its carbon footprint. The absence of defined climate commitments or science-based targets suggests a need for enhanced focus on sustainability practices within the organisation. As the tourism sector increasingly prioritises climate action, it is crucial for Tourism Finance Corporation of India Limited to establish clear strategies to address its carbon emissions and align with industry standards for environmental responsibility.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 78,770 | 000,000 |
| Scope 2 | 8,373,000 | 00,000,000 |
| 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.
Tourism Finance Corporation of India Limited 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.
