Bajaj Electricals Sustainability Profile
Bajaj Electricals Limited, a prominent player in the electrical equipment industry, is headquartered in Mumbai, India. Founded in 1938, the company has established itself as a leader in various sectors, including lighting, electrical appliances, and engineering projects. With a strong presence across India and international markets, Bajaj Electricals is renowned for its innovative products and commitment to quality. The company offers a diverse range of core products, including consumer appliances, fans, and lighting solutions, distinguished by their energy efficiency and cutting-edge technology. Bajaj Electricals has achieved significant milestones, such as being awarded the prestigious 'Superbrand' status, reflecting its strong market position and customer trust. With a focus on sustainability and innovation, Bajaj Electricals continues to shape the future of the electrical industry in India and beyond.
DitchCarbon Score
How does Bajaj Electricals'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 Machinery and Equipment 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
Bajaj Electricals's score of 16 is lower than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bajaj Electricals's reported carbon emissions
In 2023, Bajaj Electricals reported total carbon emissions of approximately 5,558,230 kg CO2e, comprising 1,665,700 kg CO2e from Scope 1 and 3,919,530 kg CO2e from Scope 2. This data reflects a commitment to transparency in their emissions reporting, although no Scope 3 emissions data has been disclosed. The company has shown a reduction in emissions from 2022, where total emissions were about 7,007,330 kg CO2e, with Scope 1 at 3,485,760 kg CO2e and Scope 2 at 4,122,570 kg CO2e. This indicates a significant decrease in emissions, aligning with their sustainability goals. Bajaj Electricals has not set specific reduction targets under the Science Based Targets initiative (SBTi) or other formal climate pledges, indicating a potential area for future commitment. Their emissions intensity metrics for 2023 show a Scope 1 and 2 emission intensity of 0.0094 kg CO2e per rupee of turnover and 2.4 kg CO2e per tonne of physical output. Overall, while Bajaj Electricals has made strides in reducing its carbon footprint, the absence of formal reduction targets suggests an opportunity for enhanced climate action and commitment in the future.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 3,485,760 | 0,000,000 |
| Scope 2 | 4,122,570 | 0,000,000 |
| Scope 3 | - | - |
How Carbon Intensive is Bajaj Electricals's Industry?
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Bajaj Electricals's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Bajaj Electricals has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
