IDFC First Bank LtdIDFC First Bank Ltd - ESG Rating & Company Profile powered by AI

Industry Group:Banks

The page contains a free ESG report for IDFC First Bank Ltd. This dashboard contains a Q&A table about IDFC First Bank Ltd. If you work at IDFC First Bank Ltd and you wish to use your Sustainability rating, please get in touch.

IDFC First Bank Ltd in the Banks industry gained a UN SDG ESG Transparency Score of 7.6; made up of an environmental score of 8.0, social score of 8.0 and governance score of 6.9.

SDG Transparency Score for IDFC First Bank Ltd 
Low
0 - 3
Medium
4 - 6

7.6

High Impact
7 - 10
Last Score Update: 2024-05-01
What drives the score for IDFC First Bank Ltd 
8.0

Environmental

8.0

Social

6.9

Governance

Detailed ESG Breakdown
SEVVA Platform offers unique drill down to the underlying sources powering the ratings. Break down your ESG analysis by 17 UN SDGs and 8 additional governance factors.

Peer Group Comparison

RankCompanySDG Transparency Score Performance
1Landesbank Baden Wuerttemberg
9.5
High
2UniCredit Bank AG
9.0
High
195United Overseas Bank Ltd
7.7
High
195Yapi ve Kredi Bankasi AS
7.7
High
215IDFC First Bank Ltd
7.6
High
215CSB Bank Ltd
7.6
High
215Banco de Credito del Peru
7.6
High
.........
1885sakartvelos bank'i ss
0.0
Low
1885AlphaCredit Capital, S.A. de C.V.
0.0
Low
.........
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Peer Companies Benchmark
SEVVA Platform benchmarks each company against a peer group. View the full score distribution for peers by logging into SEVVA

Frequently Asked Questions

Does IDFC First Bank Ltd have an accelerator or VC vehicle to help deliver innovation?

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Does IDFC First Bank Ltd disclose current and historical energy intensity?

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Does IDFC First Bank Ltd report the average age of the workforce?

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Does IDFC First Bank Ltd reference operational or capital allocation in relation to climate change?

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Does IDFC First Bank Ltd disclose its ethnicity pay gap?

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Does IDFC First Bank Ltd disclose cybersecurity risks?

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Does IDFC First Bank Ltd offer flexible work?

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Does IDFC First Bank Ltd have a long term incentive (LTI) executive compensation plan based on a measure of return on capital?

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Does IDFC First Bank Ltd disclose the number of employees in R&D functions?

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Does IDFC First Bank Ltd conduct supply chain audits?

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Does IDFC First Bank Ltd disclose incidents of non-compliance in relation to the health and safety impacts of products and services?

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Is there a statment that there is no plan to expand their cement production? (for example: 'We have no current plans to add additional cement making capacity')

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Does IDFC First Bank Ltd conduct 360 degree staff reviews?

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Does IDFC First Bank Ltd disclose the individual responsible for D&I?

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Does IDFC First Bank Ltd disclose current and historical air emissions?

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Is there a statment that there is no plan to expand their coal usage? (for example: 'We have no current plans to add additional coal powered electricity generation')

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Is executive remuneration linked to climate performance?

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Does the Board describe its role in the oversight of climate-related risks and opportunities?

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Does IDFC First Bank Ltd disclose current and / or historical scope 2 emissions?

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Does IDFC First Bank Ltd disclose water use targets?

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Does IDFC First Bank Ltd have careers partnerships with academic institutions?

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Did IDFC First Bank Ltd have a product recall in the last two years?

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Does IDFC First Bank Ltd disclose incidents of discrimination?

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Does IDFC First Bank Ltd allow for Work Councils/Collective Agreements to be formed?

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Has IDFC First Bank Ltd issued a profit warning in the past 24 months?

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Does IDFC First Bank Ltd disclose parental leave metrics?

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Does IDFC First Bank Ltd disclose climate scenario or pathway analysis?

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Does IDFC First Bank Ltd disclose current and / or historical scope 1 emissions?

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Are Operating Expesnses linked to emissions reduction?

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Does IDFC First Bank Ltd disclose the pay ratio of women to men?

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Does IDFC First Bank Ltd support suppliers with sustainability related research and development?

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Does IDFC First Bank Ltd disclose the number of operations that have been subject to human rights reviews or human rights impact assessments?

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Does IDFC First Bank Ltd reflect climate-related risks in its financial statements?

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Is there a statment that there is no plan to expand their carbon intensite energy assets? (for example: 'We have no current plans to carry out further drilling for oil,')

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Is IDFC First Bank Ltd involved in embryonic stem cell research?

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Does IDFC First Bank Ltd disclose GHG and Air Emissions intensity?

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Does IDFC First Bank Ltd disclose its waste policy?

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Does IDFC First Bank Ltd report according to TCFD requirements?

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Does IDFC First Bank Ltd disclose its policies for bribery, corruption, whistle-blower, conflict of interest?

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Does IDFC First Bank Ltd disclose energy use targets?

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Does IDFC First Bank Ltd disclose its Renewable Energy targets?

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Are emissions metrics verified by STBi?

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Does IDFC First Bank Ltd have a policy relating to cyber security?

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Potential Risks for IDFC First Bank Ltd
These potential risks are based on the size, segment and geographies of the company.

IDFC First Bank Limited provides various banking, and financial products and services to corporates, individuals, multi- national companies, SMEs/entrepreneurs, financial institutions, and the government in India. It operates through Treasury, Corporate and Wholesale Banking, Retail Banking, and Other Banking Business segments. The company provides savings, corporate salary, current, and business accounts; fixed and recurring deposits; debit, credit, and prepaid cards; and payment services. It also offers personal, consumer durable, home, car, two-wheeler, equipment hypothecation, business, working capital, professional, term, and micro enterprise loans, as well as loan against property and loans for women. In addition, the company provides corporate linked finance products, including sales bill/purchase bill/invoice discounting, vendor finance, dealer finance, and factoring/receivables purchase; treasury and capital market services; and trade finance and services comprising import-export solutions, bank guarantees, remittances, etc. Further, it offers investment services consisting of mutual funds, gold bonds, demat and trading account, and investment linked insurance solutions; term, health, motor, home, travel, business, and pradhan mantri insurance products, as well as savings and annuity plans; and mobile, Internet banking, and customer care services. Additionally, the company provides cash management services; investment banking services; and investment management solutions. As of March 31, 2022, it operated 641 branches, 203 asset service branches, 719 ATMs and recyclers, and 601 rural business correspondent branches. The company was formerly known as IDFC Bank Limited and changed its name to IDFC First Bank Limited in January 2019. IDFC First Bank Limited was incorporated in 2014 and is based in Mumbai, India.

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