Axisbank
Axis Bank, officially known as Axis Bank Limited, is a prominent player in the Indian banking sector, headquartered in Mumbai, India. Established in 1993, the bank has grown to become one of the largest private sector banks in the country, with a significant presence across major operational regions including metropolitan cities and rural areas. Specialising in a wide array of financial services, Axis Bank offers products such as retail banking, corporate banking, and wealth management. Its commitment to innovation is evident in its digital banking solutions, which enhance customer experience and accessibility. Notable achievements include being recognised for its robust risk management practices and customer-centric approach, solidifying its position as a trusted financial institution in India.
DitchCarbon Score
How does Axisbank's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Axisbank's score of 49 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Axisbank's reported carbon emissions
In 2023, Axis Bank reported total carbon emissions of approximately 94,395,550 kg CO2e for Scope 1, 201,192,570 kg CO2e for Scope 2, and 54,745,690 kg CO2e for Scope 3 emissions. This reflects a comprehensive approach to emissions reporting, covering all three scopes. Notably, Scope 1 emissions included 2,003,440 kg CO2e from fugitive emissions. The bank's emissions have shown fluctuations over the years, with Scope 1 emissions recorded at 5,560,000 kg CO2e in 2021 and 11,717,340 kg CO2e in 2022. Scope 2 emissions also varied, with 195,880,000 kg CO2e in 2021 and 163,552,000 kg CO2e in 2022. The Scope 3 emissions have been significant, with the highest recorded at 54,745,690 kg CO2e in 2023. Despite the detailed emissions data, Axis Bank has not disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. This indicates a potential area for growth in their sustainability strategy, as setting measurable reduction targets is crucial for aligning with global climate goals. Overall, Axis Bank's commitment to transparency in emissions reporting is evident, but further action towards defined reduction targets could enhance their climate strategy.
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| 2016 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 8,790 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 0,000,000 | 00,000,000 |
| Scope 2 | 134,750 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 7,763,740 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Axisbank is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
