Axisbank

Axis Bank, a financial intermediation services provider headquartered in India, has reported a total of approximately 181.9 billion kg CO2e emissions for the year 2025. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions.

For Scope 1 emissions, Axis Bank recorded approximately 11.3 million kg CO2e in 2025. Scope 2 emissions for the same year amounted to approximately 140.3 billion kg CO2e. Scope 3 emissions were reported at approximately 41.6 billion kg CO2e in 2025, with business travel accounting for approximately 13.4 billion kg CO2e and fuel and energy-related activities contributing approximately 28.2 billion kg CO2e.

In 2024, Axis Bank's total emissions were approximately 185.3 billion kg CO2e, with Scope 1 emissions at approximately 15.8 million kg CO2e, Scope 2 at approximately 149.7 billion kg CO2e, and Scope 3 at approximately 39.9 billion kg CO2e.

Looking further back, total emissions for 2023 were approximately 265.6 billion kg CO2e, with Scope 1 at approximately 9.4 million kg CO2e, Scope 2 at approximately 201.2 billion kg CO2e, and Scope 3 at approximately 54.7 billion kg CO2e. In 2022, total emissions were approximately 223.7 billion kg CO2e, comprising Scope 1 at approximately 13.9 million kg CO2e, Scope 2 at approximately 163.6 billion kg CO2e, and Scope 3 at approximately 46.5 billion kg CO2e.

Axis Bank has established several climate commitments. The bank aims to achieve net zero emissions by 2050, with near-term targets to reduce operational greenhouse gas (GHG) emissions. Specifically, they are committed to scaling down their exposure in four identified carbon-intensive sectors: Coal (mining, logistics and trade), thermal power, shipping, and aviation. Additionally, Axis Bank aims to reduce its Scope 1 and Scope 2 emissions by 30% from a 2020 baseline by 2030. More recently, the bank has set a target of a 3.5% reduction in emission intensity per full-time employee (FTE) by the end of fiscal year 2027, using fiscal year 2023 as the baseline, applying to both Scope 1 and Scope 2 emissions. Initiatives such as the implementation of CEMS in branches have contributed to electricity savings and subsequent carbon emission reductions.