HDFC Asset Management Company Ltd
HDFC Asset Management's GHG Emissions Data Preview
In 2024, HDFC Asset Management completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
However, HDFC Asset Management has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | 0000000 |
Verified Sources Behind HDFC Asset Management’s Greenhouse Gas (GHG) Emissions Data
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Insights into HDFC Asset Management's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of HDFC Asset Management amounted to 2,764 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of HDFC Asset Management decreased by 6.65%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
HDFC Asset Management's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are HDFC Asset Management's Scope 1 emissions?
In 2024, the total Scope 1 emissions of HDFC Asset Management were 267 metric tons of CO₂ equivalent (tCO₂e). a
Compared to the previous year (2023), HDFC Asset Management's Scope 1 emissions increased by 97.78%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
What are HDFC Asset Management's Scope 2 emissions?
In 2024, HDFC Asset Management reported Scope 2 greenhouse gas (GHG) emissions of 2,497 tCO₂e without specifying the calculation method. a
Has HDFC Asset Management reduced its Scope 2 emissions over time?
Compared to the previous year (2023), HDFC Asset Management's Scope 2 emissions (Unspecified Calculation Method) fell by 11.64% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a
What methodology does HDFC Asset Management use for Scope 2 reporting?
In 2024, HDFC Asset Management reported its Scope 2 emissions using an unspecified methodology. a
HDFC Asset Management's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into HDFC Asset Management's Value Chain Emissions
In 2024, HDFC Asset Management reported 12,992 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2024 disclosure of HDFC Asset Management includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a
HDFC Asset Management's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are HDFC Asset Management's Scope 3 emissions?
In 2024, HDFC Asset Management reported total Scope 3 emissions of 12,992 metric tons of CO₂ equivalent (tCO₂e). a
Compared to the previous year (2023), HDFC Asset Management's Scope 3 emissions decreased by 20.15%, highlighting the company's efforts to lower indirect emissions from its value chain. a
Insights into HDFC Asset Management’s GHG Emissions Intensity Compared to Industry Peers
In 2024, HDFC Asset Management reported Scope 1 greenhouse gas (GHG) emissions of 267 tCO₂e and total revenues of USD 310 millions. This translates into an emissions intensity of 0.86 tCO₂e per millions USD. a
HDFC Asset Management's Scope 1 Emissions Intensity Compared to Peers
How does HDFC Asset Management's GHG emissions intensity compare to its peers?
In 2024, HDFC Asset Management reported a Scope 1 emissions intensity of 0.86 tCO₂e per millions USD. Compared to the peer group median of 0.23 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
Where does HDFC Asset Management rank on GHG emissions intensity within its industry?
In 2024, HDFC Asset Management ranked 16 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
HDFC Asset Management is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into HDFC Asset Management's Total Carbon Footprint
In 2024, HDFC Asset Management reported a total carbon footprint of 15,756 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 18.07% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a
The largest contributor to HDFC Asset Management's total carbon footprint was Scope 3 emissions, accounting for 82.46% of the company's total carbon footprint, followed by Scope 2 emissions at 15.85%. a