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 52 is higher than 72% 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 2025, Axis Bank reported significant carbon emissions, totalling approximately 113,473,700 kg CO2e for Scope 1, 140,344,990 kg CO2e for Scope 2, and 41,566,900 kg CO2e for Scope 3 emissions. This data reflects the bank's global operations. In India, the emissions were approximately 128,997,620 kg CO2e for Scope 2 and 41,566,900 kg CO2e for Scope 3, with no Scope 1 data disclosed for that year. Comparatively, in 2024, Axis Bank's global emissions included about 15,794,570 kg CO2e for Scope 1, 149,684,740 kg CO2e for Scope 2, and 39,888,280 kg CO2e for Scope 3. The previous year, 2023, saw emissions of approximately 9,439,550 kg CO2e for Scope 1, 201,192,570 kg CO2e for Scope 2, and 54,745,690 kg CO2e for Scope 3. 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. Additionally, they have targeted a 3.5% reduction in emission intensity per full-time employee by the end of fiscal 2027, using fiscal 2023 as the baseline. In fiscal 2023, the implementation of a Centralised Energy Management System (CEMS) in 600 branches resulted in savings of approximately 3,250 kg CO2e, and in FY 2023-24, this initiative saved about 2,796.26 kg CO2e. These efforts demonstrate Axis Bank's commitment to enhancing resource efficiency and reducing its carbon footprint in alignment with global sustainability standards.
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| 2016 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 13,478,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 0,000,000 | 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 | 000,000,000 |
| Scope 3 | 10,427,000 | - | - | - | 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.
