Axisbank

Axis Bank, headquartered in India and operating in financial intermediation services, reported approximately 201,539,390 kg CO2e in total emissions for 2026. This figure comprises about 11,593,560 kg CO2e from Scope 1, approximately 145,733,940 kg CO2e from Scope 2, and around 44,211,880 kg CO2e from Scope 3 emissions, with a notable portion from fuel and energy-related activities at 28,074,970 kg CO2e. For 2025, total emissions were roughly 181,911,890 kg CO2e, including about 11,347,370 kg CO2e for Scope 1, 140,344,990 kg CO2e for Scope 2, and 41,566,900 kg CO2e for Scope 3.

Axis Bank is committed to achieving net-zero emissions by 2050 for both Scope 1 and Scope 2 emissions. In the near term, the bank aims to reduce its Scope 1 and Scope 2 emissions by 30% from a 2020 baseline by 2030. Additionally, the bank targets a 3.5% reduction in emission intensity per full-time employee (FTE) for Scope 1 and Scope 2 by the end of fiscal year 2027, using 2023 as the baseline. The bank also states its commitment to scaling down exposure in carbon-intensive sectors such as coal (mining, logistics, and trade), thermal power, shipping, and aviation between 2023 and 2026. In fiscal year 2023-24, the implementation of CEMS in 600 branches resulted in savings of approximately 2,796,260 kg CO2e.