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Housing and Urban Development Corporation

Housing and Urban Development Corporation (HUDCO), founded in 1970, is a prominent government-owned entity headquartered in New Delhi, India. HUDCO specialises in financing and promoting housing and urban infrastructure projects across India. The corporation operates in major cities, such as Bengaluru, Chennai, Kolkata and Mumbai, and has supported housing projects, urban renewal initiatives and infrastructure development, including power, road networks, sewerage, solid waste management and water supply.

Summary

HUDCO discloses information on some topics related to urban sustainability but lacks disclosure on many important topics. The company discloses its contribution to the local economy by reporting the amount of financial assistance received from the government and sharing the proportion of input materials sourced from micro-, small-, and medium-sized enterprises (MSMEs). In addition, HUDCO ensures that it preserves heritage sites and has initiatives for the restoration of heritage buildings.

HUDCO can improve its performance by disclosing time-bound targets to reduce water withdrawals in addition to outlining its efforts to use water judiciously. The company declares there were no cases of discrimination but can clarify this further by also reporting any incidents that were reported and resolved.

HUDCO lacks transparency in its sustainability strategies, including the identification of relevant sustainability topics and the actions it takes to address its most material impacts. In addition to reporting this information, the company should disclose time-bound targets to increase energy efficiency and reduce waste generation. HUDCO should make public its policy commitments to respect fundamental human and labour rights. Addressing these gaps will enable HUDCO to strengthen its sustainability.

Ranking position: #150 /300
Total score: 9.7 /100

Measurement area	Score	Rank (0-300)
Governance & Strategy	#1 8.3 /100	#128
Inclusive Cities	#1 28.3 /100	#69
Healthy Cities	#1 0.0 /100	#174
Climate Proof & Resilient Cities	#1 3.3 /100	#148
Core Social Indicators	#1 8.3 /100	#151

Industries
Architecture & consulting	#6

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More about the company

Headquarters: India
Ownership structure: Government
Revenue: USD 897 billion (2022)
Number of employees: 673 (2022)
Website: https://hudco.org.in

This company is part of the SDG2000, the 2000 most influential companies

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