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Asian Paints Limited, commonly referred to as Asian Paints, is a prominent player in the 'Other Business Services (74)' industry, with its headquarters located in Mumbai, India. Established in 1942, the company has grown to become one of the leading paint and coatings manufacturers in Asia, serving both residential and commercial sectors across India and several international markets.
Specialising in decorative paints, industrial coatings, and related products, Asian Paints is recognised for its innovative formulations and colour solutions that cater to diverse customer needs. Its extensive distribution network and focus on quality have helped it secure a strong market position, making it a trusted name in the industry. With a history of strategic growth and product excellence, Asian Paints continues to set benchmarks in the colour and coatings industry.
41
DitchCarbon score
+5 vs industry average
Asian Paints’s score of 41 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Business Services is among the least carbon-intensive industries
Industry performance
0.146
20182025
The Business Services industry has reduced its overall emissions by 25% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Asian Paints's reported carbon emissions
Asian Paints, headquartered in India, reported its 2024 emissions as approximately 3.437 billion kg CO2e. This total includes reported Scope 1 emissions of 72.794 million kg CO2e, Scope 2 emissions of 44.357 million kg CO2e, and Scope 3 emissions of 3.32 billion kg CO2e. Key contributors to Scope 3 emissions were purchased goods and services (2.73 billion kg CO2e) and upstream transportation and distribution (510 million kg CO2e).
In 2023, the company's reported emissions were approximately 3.399 billion kg CO2e, comprising Scope 1 emissions of 74.943 million kg CO2e, Scope 2 emissions of 44.6 million kg CO2e, and Scope 3 emissions of 3.28 billion kg CO2e. For Scope 3, purchased goods and services accounted for 2.715 billion kg CO2e, and upstream transportation and distribution for 480 million kg CO2e.
Looking back to 2022, Asian Paints reported Scope 1 emissions of 52.471 million kg CO2e and Scope 2 emissions of 28.41 million kg CO2e.
Asian Paints has demonstrated significant emissions reductions from its FY 2013-14 baseline. By FY 2023, the company had reduced its Scope 1 emissions by 41% and its Scope 2 emissions by 47%.
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Asian Paints’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
2 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Asian Paints6 months ago
41
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