Axcel

Axcel, a financial intermediation services provider based in Denmark, has disclosed its carbon emissions and climate commitments.

For 2025, Axcel reported total greenhouse gas emissions of approximately 196.2 million kg CO2e. This includes Scope 1 emissions of about 6.3 million kg CO2e, Scope 2 emissions of roughly 3.9 million kg CO2e, and Scope 3 emissions of approximately 186.0 million kg CO2e.

In 2024, the company's total emissions were approximately 293.1 million kg CO2e, comprising around 6.9 million kg CO2e from Scope 1, approximately 2.7 million kg CO2e from Scope 2, and about 283.5 million kg CO2e from Scope 3.

For 2022, Axcel's reported Scope 2 emissions (location-based) were approximately 21,000 kg CO2e, and Scope 3 emissions were around 537.9 million kg CO2e. Scope 1 emissions for 2022 were reported as 0 kg CO2e. Emissions data for 2023 was not disclosed.

Axcel Management has set near-term Science Based Targets initiative (SBTi) targets, classified as consistent with a 1.5°C warming scenario, with a target year of 2025. These targets cover 100% of its total investment and lending activities by invested capital as of 2020. The targets for greenhouse gas emissions from company operations (Scope 1 and 2) are aligned with reductions required to limit global warming to 1.5°C.