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.
+3 vs industry average
Asian Paints’s score of 36 is higher than 54% 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
Business Services has below-average carbon intensity
Industry performance
The Business Services industry has reduced its overall emissions by 25% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Asian Paints's reported carbon emissions
Asian Paints, headquartered in India and operating within the other business services industry, has reported significant progress in reducing its carbon footprint.
Recent Emissions Data:
- 2024: Total emissions were approximately 3.48 billion kg CO2e. This includes Scope 1 emissions of about 72.8 million kg CO2e, Scope 2 emissions of approximately 44.4 million kg CO2e, and Scope 3 emissions totalling about 3.40 billion kg CO2e. Key contributors to Scope 3 were purchased goods and services (approximately 2.73 billion kg CO2e) and upstream transportation and distribution (approximately 510 million kg CO2e).
- 2023: Total emissions were approximately 3.47 billion kg CO2e. Scope 1 emissions were about 74.9 million kg CO2e, Scope 2 emissions were approximately 44.6 million kg CO2e, and Scope 3 emissions reached approximately 3.36 billion kg CO2e. Purchased goods and services accounted for about 2.72 billion kg CO2e of Scope 3 emissions, with upstream transportation and distribution contributing approximately 480 million kg CO2e.
- 2022: Scope 1 emissions were approximately 52.5 million kg CO2e, and Scope 2 emissions were about 28.4 million kg CO2e, making a combined Scope 1 and 2 total of approximately 80.9 million kg CO2e. Scope 3 data was not disclosed for this year.
- 2021: Scope 1 emissions were about 11.6 million kg CO2e, and Scope 2 emissions were approximately 32.5 million kg CO2e. Scope 3 data was not disclosed for this year.
- 2020: Scope 1 emissions totalled approximately 12.3 million kg CO2e, with Scope 2 emissions at about 29.0 million kg CO2e. Scope 3 data was not disclosed for this year.
- 2019: Scope 1 emissions were approximately 13.3 million kg CO2e, and Scope 2 emissions were about 25.4 million kg CO2e. Scope 3 data was not disclosed for this year.
- 2018: Scope 1 emissions were approximately 12.3 million kg CO2e, and Scope 2 emissions were about 40.6 million kg CO2e. Scope 3 data was not disclosed for this year.
- 2017: Scope 1 emissions were approximately 12.1 million kg CO2e, and Scope 2 emissions were about 50.8 million kg CO2e. Scope 3 data was not disclosed for this year.
- 2016: A total of approximately 62.9 million kg CO2e emissions were reported, comprising Scope 1 emissions of about 50.8 million kg CO2e and Scope 2 emissions of approximately 12.1 million kg CO2e. Scope 3 data was not disclosed for this year.
- 2014: Scope 1 emissions were approximately 25.1 million kg CO2e, and Scope 2 emissions were about 12.4 million kg CO2e. Scope 3 data was not disclosed for this year.
Climate Commitments and Reduction Targets:
Asian Paints has demonstrated a commitment to reducing its environmental impact through specific targets and achievements:
- Scope 1 and 2 Reductions: The company has achieved a reduction of 41% in Scope 1 emissions and 47% in Scope 2 emissions from a FY 2013-14 baseline, as of 2023. These are absolute reduction targets.
- Intensity Metrics: Asian Paints also tracks intensity metrics, including "Total Scope 1 and Scope 2 emission intensity per rupee of turnover" and "Total Scope 1 and Scope 2 emission intensity in terms of physical output." For 2025, the intensity per rupee of turnover was reported as 0.0098, and the intensity in terms of electricity output was 0.1076. In 2024, the "Total Scope 1 and Scope 2 emission intensity per rupee of turnover" was 0.0247, and in 2023, it was 0.0255. In 2022, this metric was 0.0212, and in 2021, it was 0.0150. For 2019, it was 0.0141, and in 2018, it was 0.0207. In 2017, the intensity was 0.0273, and in 2016, it was 0.0295. In 2014, the combined Scope 1 and 2 emissions intensity was 0.0178.
Asian Paints' reporting indicates a focus on transparency by disclosing Scope 1, 2, and 3 emissions where available, particularly for recent reporting years. While specific reduction targets beyond the historical Scope 1 and 2 achievements are not detailed in the provided information, the company is actively monitoring and reporting on its emissions performance.
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Asian Paints’s Climate Goals (2030 & 2050)
2 goals2023
47% reduction in Scope 2
We have reduced our Scope 1 emissions by 41% and our Scope 2 emissions by 47% from FY 2013–14.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 2 climate goals
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Scope 3 top emissions categories
2 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Asian Paints
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