Axisbank
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.
DitchCarbon Score
How does Axisbank's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Axisbank's score of 47 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Axisbank's reported carbon emissions
In 2023, Axis Bank reported total carbon emissions of approximately 94,395,550 kg CO2e, comprising 15,794,570 kg CO2e from Scope 1, 201,192,570 kg CO2e from Scope 2, and 54,745,690 kg CO2e from Scope 3 emissions. The Scope 3 emissions included significant contributions from employee commuting and waste generated in operations. The bank's emissions have shown fluctuations over the years, with notable figures from previous years including 11,717,340 kg CO2e in Scope 1 and 163,552,000 kg CO2e in Scope 2 in 2022. In 2021, the emissions were 5,560,000 kg CO2e (Scope 1), 195,880,000 kg CO2e (Scope 2), and 8,821,000 kg CO2e (Scope 3). Despite the detailed emissions reporting, Axis Bank has not set specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction targets suggests a need for further development in their sustainability strategy. The bank's emissions intensity metrics indicate a focus on improving efficiency, but concrete steps towards significant reductions remain unspecified. Overall, Axis Bank's emissions data highlights the importance of ongoing monitoring and the potential for future commitments to enhance their climate action efforts.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2016 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 8,790 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 0,000,000 | 00,000,000 |
| Scope 2 | 134,750 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 7,763,740 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Axisbank is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
