HDFC Life Insurance Company Ltd
HDFC Life Insurance's GHG Emissions Data Preview
In 2024, HDFC Life Insurance 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).
HDFC Life Insurance has also provided a category-level breakdown for 4 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into HDFC Life Insurance's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of HDFC Life Insurance amounted to 10,931.63 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).
Compared to 2023, the total operational greenhouse gas (GHG) emissions of HDFC Life Insurance decreased by 2.57%, showing that the company has made progress in taking action to reduce the climate impact of its operations.
HDFC Life Insurance's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are HDFC Life Insurance's Scope 1 emissions?
In 2024, the total Scope 1 emissions of HDFC Life Insurance were 161.83 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Compared to the previous year (2023), HDFC Life Insurance's Scope 1 emissions increased by 36.73%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.
What are HDFC Life Insurance's Scope 2 emissions?
In 2024, HDFC Life Insurance reported Scope 2 greenhouse gas (GHG) emissions of 10,769.8 tCOâ‚‚e without specifying the calculation method.
Has HDFC Life Insurance reduced its Scope 2 emissions over time?
Compared to the previous year (2023), HDFC Life Insurance's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that HDFC Life Insurance 's emissions have plateaued with no significant change in its energy consumption footprint.
What methodology does HDFC Life Insurance use for Scope 2 reporting?
In 2024, HDFC Life Insurance reported its Scope 2 emissions using an unspecified methodology.
HDFC Life Insurance's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into HDFC Life Insurance's Value Chain Emissions
In 2024, HDFC Life Insurance reported 6,563.75 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.
The 2024 disclosure of HDFC Life Insurance includes a breakdown across 4 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chain
HDFC Life Insurance's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are HDFC Life Insurance's Scope 3 emissions?
In 2024, HDFC Life Insurance reported total Scope 3 emissions of 6,563.75 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.
Compared to the previous year (2023), HDFC Life Insurance's Scope 3 emissions increased by 76.73%, suggesting that the company faced challenges in reducing emissions across its value chain.
What categories of Scope 3 emissions does HDFC Life Insurance disclose?
In 2024, HDFC Life Insurance reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol.
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of HDFC Life Insurance's Scope 3 emissions?
In 2024, the largest contributors to HDFC Life Insurance's Scope 3 emissions were:
- Business Travel (Cat. 6): 3,131.53 tCOâ‚‚e (47.71%)
- Fuel- and Energy-Related Services (Cat. 3): 1,742.13 tCOâ‚‚e (26.54%)
- Employee Commuting (Cat. 7): 1,689.83 tCOâ‚‚e (25.74%)
HDFC Life Insurance's Scope 3 Emissions by Categories
Insights into HDFC Life Insurance's Total Carbon Footprint
In 2024, HDFC Life Insurance reported a total carbon footprint of 17,495.38 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 17.15% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.
The largest contributor to HDFC Life Insurance's total carbon footprint was Scope 2 emissions, accounting for 61.56% of the company's total carbon footprint, followed by Scope 3 emissions at 37.52%.