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 53 is higher than 97% 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 2024, Axis Bank reported total greenhouse gas emissions of approximately 144,748,110 kg CO2e, comprising 15,750,490 kg CO2e from Scope 1, 128,997,620 kg CO2e from Scope 2, and 41,566,900 kg CO2e from Scope 3 emissions. In 2023, the bank's emissions were about 160,981,530 kg CO2e, with Scope 1 emissions at 11,296,790 kg CO2e, Scope 2 at 149,684,740 kg CO2e, and Scope 3 at 39,888,280 kg CO2e. Axis Bank has set ambitious climate commitments, aiming for net zero emissions by 2050. The bank is actively working to reduce its operational greenhouse gas emissions through various initiatives, including scaling down exposure to carbon-intensive sectors such as coal, thermal power, shipping, and aviation by 2026. In fiscal 2023, the implementation of a Centralised Energy Management System (CEMS) in 600 branches resulted in savings of approximately 3,250 kg CO2e, with further savings of about 2,796.26 kg CO2e projected for fiscal 2023-24. The bank's emissions intensity metrics indicate a focus on reducing emissions relative to revenue and employee count, reflecting a commitment to sustainability in its operations.
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| 2016 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 13,478,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 10,427,000 | - | - | 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.
