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.
+24 vs industry average
Axisbank’s score of 59 is higher than 77% 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
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Axisbank's reported carbon emissions
In 2025, Axis Bank reported total carbon emissions of approximately 181.9 million kg CO2e, comprising 11.3 million kg CO2e from Scope 1, 129 million kg CO2e from Scope 2, and 41.6 million kg CO2e from Scope 3 emissions. The bank has set ambitious climate commitments, aiming for net zero emissions by 2050 across both Scope 1 and Scope 2. In the near term, they are focused on reducing emissions from carbon-intensive sectors, including coal, thermal power, shipping, and aviation, with specific initiatives to cut operational GHG emissions. In fiscal 2023, the implementation of Continuous Emission Monitoring Systems (CEMS) in 600 branches resulted in savings of approximately 3,250 kg CO2e, demonstrating their commitment to reducing their carbon footprint. Additionally, Axis Bank has set a target to achieve a 3.5% reduction in emission intensity per full-time employee by the end of fiscal 2027, using fiscal 2023 as the baseline. Overall, Axis Bank is actively working towards significant emissions reductions while aligning with global sustainability standards and India's climate ambitions.
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Axisbank’s Climate Goals (2030 & 2050)
8 goals2030
30% reduction in Scope 2
We will reduce our Scope 2 emissions by 30% from a 2020 baseline by 2030.
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.
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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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Axisbank
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