Go Green Initiative
Sustainability is core to IDFC’s mission and culture, and is a major influence on and lynchpin of IDFC’s evolving business strategy. The Go Green programme at IDFC helps internalize this philosophy with several initiatives to increase resource efficiency and conservation, and a continuous monitoring and improvement loop to better our performance year after year. IDFC is committed to monitor and minimize its environmental footprint through resource efficiency and conservation.
Carbon footprint is a measure of the impact that our organization’s activities have on the environment and in particular climate change.
Carbon footprint is expressed in tonnes of Carbon Dioxide (CO2) emitted equivalent (tCO2e) and is reported under three categories:
SCOPE 1: Emissions from company owned or operated GHG sources
SCOPE 2: Emissions from assets owned by others but energy is bought by the company
SCOPE 3: Emissions other than Scope 2 that are a consequence of an organization’s activities, but arise from greenhouse gas sources controlled by other organizations (non mandatory reporting)
Even as we recommit ourselves to building a sustainable future, our efforts are continuously directed at reducing the carbon intensity of our operations. We will measure our carbon footprint as a function of our operating income and Profit after Tax (PAT) and hold ourselves to account on increasing our resource use efficiency and therefore footprint in each succeeding year. These ratios (tCO2e/Operating Income & tCO2e/PAT) measure the incremental emissions for every incremental rupee of revenue generated and profit added respectively.
IDFC has done the carbon footprint assessment for FY2011-12 as per ISO-14064 standard and the same has been verified by the British Standards Institution (BSI), India. The carbon footprint for IDFC in FY12 is:
|Total tCO2e /op income (in Crores)||2.791||3.394|
|Total tCO2e /PAT (in Crores)||5.544||6.508|
* This year we have improved upon the baseline assessment framework (FY11) and increased the scope of our carbon footprint measurement. Our carbon footprint estimates for this year provide a more comprehensive assessment including the activities from all our businesses and geographies as well as third party resource use.