Axisbank

Axis Bank, a Commercial Banking institution headquartered in India, reported its total carbon emissions for 2026 as approximately 201,539,390 kg CO2e. This includes Scope 1 emissions of about 11,593,560 kg CO2e, Scope 2 emissions of approximately 145,733,940 kg CO2e, and Scope 3 emissions of around 44,211,880 kg CO2e.

Looking back, in 2025, the bank reported Scope 1 emissions of 11,347,360 kg CO2e, Scope 2 emissions of 128,997,620 kg CO2e, and Scope 3 emissions of 41,566,900 kg CO2e. For 2024, Axis Bank's Scope 1 emissions were 15,794,570 kg CO2e, Scope 2 emissions were 149,684,740 kg CO2e, and Scope 3 emissions were 39,888,280 kg CO2e. In 2023, the bank's Scope 1 emissions were 9,439,550 kg CO2e and Scope 2 emissions were 201,192,570 kg CO2e.

Axis Bank is committed to achieving net-zero emissions by 2050 for both Scope 1 and Scope 2 emissions. The bank has set a near-term target to reduce its Scope 1 and Scope 2 emissions by 30% from a 2020 baseline by 2030. Additionally, Axis Bank aims for a 3.5% reduction in emission intensity per full-time employee (FTE) for both Scope 1 and Scope 2 emissions by the end of fiscal year 2027, using 2023 as the baseline. The bank is also focused on reducing its exposure to carbon-intensive sectors such as coal, thermal power, shipping, and aviation between 2023 and 2026. Efforts to reduce operational GHG emissions include initiatives like implementing a Centralised Energy Management System (CEMS) in branches, which saved approximately 2,796.26 tonnes CO2e in fiscal year 2023-24.