- Managing the inevitable increase in direct and indirect emissions as the Bank grows.
- Addressing climate-related risks through its lending and other financial intermediary activities.
- Managing physical risks from climate and weather-related events impacting borrowers' operations or collateral value.
- Managing transition risks from the shift towards a lower-carbon economy.
IDFC FIRST Bank Limited
Greenhouse gas emissions & sustainability report data
In its 2023-24 reporting, IDFC FIRST Bank Limited disclosed greenhouse gas emissions of 76.2K tCO2e/year (FY23-24). By scope: Scope 1: 566.65 tCO2e/year (FY23-24); Scope 2: 36.3K tCO2e/year (FY23-24); Scope 3: 39.4K tCO2e/year (FY23-24). 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
76.2K tCO2e/year (FY23-24)
2023-24
📊 Emissions by Scope (2023-24)
| 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). | 566.65 tCO2e/year (FY23-24) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 36.3K tCO2e/year (FY23-24) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 39.4K tCO2e/year (FY23-24) |
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 |
|---|---|
| 2023-24 | 76.2K tCO2e/year (FY23-24) |
| 2022-23 | 25.1K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Published GHG Emissions Management Policy in April 2024 outlining commitment to managing and reducing Scope 1, 2, and 3 GHG emissions.
- Achieved green building certification for over 0.7 million sq. ft. office area.
- Corporate Head Office in Mumbai fully powered by the green grid.
- Implemented water conservation initiatives saving thousands of liters of water annually.
- Multiple large offices have in-situ Sewage Treatment Plants, effectively rendering them as Zero Liquid Discharge facilities.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Implementing Third-Party Assurance for Scope 1 and Scope 2 emissions by FY2024.
- Covering a minimum of three Scope 3 emission categories by FY2024.
- Achieving 20% renewable energy in the energy mix for large offices by 2025.
- Estimating the percentage of offices located in water-stress areas by 2025.
- Implementing water conservation initiatives for all large offices by 2025.
📅 Medium-term
- 20% reduction of waste intensity from FY 2023 baseline by 2030.
🔭 Long-term
- Achieve Net Zero (Scope 1 & 2) by 2050.
🌱 ESG Focus Areas
Climate ChangeGovernanceSocial