Pioneering Green Finance

HDFC, a leading provider of housing finance in India, is committed to driving positive change through its strong focus on Environment, Social, and Governance (ESG) principles. In FY22, HDFC reported impressive financial results, with total revenue from operations reaching Rs 47,957.07 crore and a net profit after tax of Rs 13,742.18 crore.

However, the corporation's dedication extends beyond financial performance. With a steadfast commitment to ESG, HDFC emphasises green and sustainable initiatives, manages climate and ESG risks through an integrated framework, and actively contributes to social welfare. By aligning its operations with ESG goals, HDFC is not only shaping the future of housing finance but also fostering sustainable and responsible development for a better tomorrow.

Green Housing

HDFC’s sustainable deposits pave the way for a greener future. Launched in August 2021, these deposits prioritise enhanced environmental and social due diligence, addressing critical aspects like pollution prevention, water permits, labour codes, and more. Individual depositors contribute to these funds, earmarked for green housing and sustainability projects aligned with the sustainable development goals (SDGs). This well-received initiative marks a promising step forward.

Furthermore, HDFC fosters a climate-conscious culture through dedicated employee volunteers, actively driving ESG-related initiatives, promoting sustainable practices, and facilitating knowledge sharing. Together, they embody HDFC's commitment to a sustainable and eco-friendly future.

Navigating Climate Risks

HDFC’s robust approach integrates an ESG framework, encompassing ESG-focused portfolio products, meticulous tracking of sustainability parameters, and monitoring ESG metrics and initiatives. Through a diligent risk management committee, the corporation identifies and addresses risks that may impact its operations, implementing effective mitigation measures. Embracing an integrated risk management framework, HDFC demonstrates its commitment to proactively managing climate and ESG risks, safeguarding its business and fostering sustainable practices.

Promoting Homeownership

With a customer base exceeding 3.14 lakh, HDFC leads the industry in providing home loans to individuals benefiting from the Credit Linked Subsidy Scheme (CLSS) under the government’s ‘Housing for All’ initiative. As of 31 March 2022, the cumulative loans disbursed under CLSS reached an impressive Rs 52,144 crore, supporting 9.3 million housing units.

In an effort to promote women's homeownership, HDFC has forged a strategic partnership with a dedicated organisation focused on empowering women. This collaboration aims to facilitate safe and affordable housing, specifically catering to the needs of women. By working closely with select developers, HDFC assists women throughout the home purchasing process, expanding opportunities for women to access home loans.

Through its social initiative, Parivartan, HDFC has positively impacted the lives of more than 90 million individuals, driving progress in key areas such as rural development, financial literacy, inclusion, and skill development. With a steadfast commitment to social responsibility, HDFC continues to make a meaningful difference in communities nationwide.