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 53 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Axisbank's reported carbon emissions
In 2024, Axis Bank reported total greenhouse gas emissions of approximately 15,750,490 kg CO2e for Scope 1, 128,997,620 kg CO2e for Scope 2, and 41,566,900 kg CO2e for Scope 3, resulting in a combined total of about 144,748,110 kg CO2e for Scope 1 and 2. In 2023, the emissions were slightly lower, with Scope 1 at 11,296,790 kg CO2e, Scope 2 at 149,684,740 kg CO2e, and Scope 3 at 39,888,280 kg CO2e, leading to a total of around 160,981,530 kg CO2e for Scope 1 and 2. Axis Bank has set ambitious climate commitments, aiming for net zero emissions by 2050. The bank is actively working to reduce its operational greenhouse gas emissions through various initiatives, including the implementation of a Centralised Energy Management System (CEMS) in 600 branches, which saved approximately 3,250 kg CO2e in fiscal 2023 and is projected to save about 2,796.26 kg CO2e in fiscal 2024. The bank is also committed to scaling down its exposure in four carbon-intensive sectors: coal, thermal power, shipping, and aviation, with a focus on both Scope 1 and Scope 2 emissions. These long-term strategies reflect Axis Bank's dedication to sustainability and reducing its carbon footprint in alignment with global climate goals.
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| 2016 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 13,478,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 10,427,000 | - | - | 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 participating in any of the initiatives that 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.
