- Rising geopolitical conflicts, interest rate fluctuations, and soaring inflation impacting global markets.
- Regulatory changes in the life insurance industry.
- Shift in retail customer savings asset allocation towards equity investments.
HDFC Life Insurance Company Limited
Greenhouse gas emissions & sustainability report data
In its 2023-04 to 2024-03 reporting, HDFC Life Insurance Company Limited disclosed greenhouse gas emissions of 17.5K tCO2e. By scope: Scope 1: 161.83 tCO2e; Scope 2: 10.8K tCO2e; Scope 3: 6.6K tCO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
17.5K tCO2e
2023-04 to 2024-03
Water Usage
462.8K kL
2023-04 to 2024-03
Energy Use
58.3K GJ
2023-04 to 2024-03
📊 Emissions by Scope (2023-04 to 2024-03)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 161.83 tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 10.8K tCO2e |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 6.6K tCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023-04 to 2024-03 | 17.5K tCO2e |
| 2022-04 to 2023-03 | 15.0K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Purchased 471.9 MWh of renewable energy in FY 2023-24.
- Recycled/disposed of 5.3 tonnes of e-waste, 6.5 tonnes of paper waste, and 0.1 tonnes of plastic waste.
- Water consumption remained at 4,62,793.28 kiloliters; replaced bottled water with water purifiers.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Enhance ESG disclosures and practices.
📅 Medium-term
- Enhance involvement with investee companies to improve their ESG risk management and business practices.
- Increase adoption and reporting under the Responsible Investment (RI) principles.
🔭 Long-term
- Reduce GHG emissions by transitioning to renewable energy sources.
- Develop a Carbon Neutrality strategy roadmap.
🌱 ESG Focus Areas
Ethical Conduct and GovernanceResponsible InvestmentDiversity, Equity and Inclusion (DE&I)Holistic LivingSustainable Operations