Axisbank

Axis Bank, a Commercial Banking institution headquartered in India, reported its most recent carbon emissions data for 2026. In that year, the bank's total emissions were approximately 201,539,390 kg CO2e. This included about 11,593,560 kg CO2e from Scope 1 emissions, approximately 145,733,940 kg CO2e from Scope 2 emissions, and roughly 44,211,880 kg CO2e from Scope 3 emissions.

Axis Bank has set several climate commitments. The bank aims to achieve net-zero emissions by 2050 for Scope 1 and Scope 2 emissions. Additionally, Axis Bank targets a 30% reduction in both Scope 1 and Scope 2 emissions from a 2020 baseline by 2030. In the near term, the bank also has a goal to reduce its emission intensity per full-time employee (FTE) by 3.5% by the end of fiscal 2027, using fiscal 2023 as the baseline. The bank is also committed to scaling down its exposure in carbon-intensive sectors including coal (mining, logistics, and trade), thermal power, shipping, and aviation between 2023 and 2026. In fiscal 2023, the implementation of a Carbon Emission Monitoring System (CEMS) in 600 branches resulted in savings of approximately 3,250 tonnes CO2e. This effort continued in FY 2023-24, saving around 2,796.26 tonnes CO2e through CEMS.