Thermax
Thermax Limited, headquartered in Pune, India, is a leading player in the energy and environment sector. Founded in 1966, the company has established a strong presence across various operational regions, including Asia, Africa, and the Middle East. Specialising in engineering solutions, Thermax focuses on areas such as energy efficiency, waste management, and water treatment. The company offers a diverse range of core products and services, including boilers, chillers, and air pollution control systems, distinguished by their innovative technology and sustainability focus. With a commitment to reducing carbon footprints, Thermax has achieved notable milestones, positioning itself as a trusted partner in the global market. Its dedication to excellence has earned recognition, making it a prominent name in the industry.
DitchCarbon Score
How does Thermax'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 Business Services 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
Thermax's score of 42 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Thermax's reported carbon emissions
In 2024, Thermax reported total carbon emissions of approximately 19,443,000 kg CO2e, comprising 7,384,000 kg CO2e from Scope 1 and 12,059,000 kg CO2e from Scope 2. This represents a slight decrease from 2023, where emissions were about 22,436,000 kg CO2e, with Scope 1 at 8,838,000 kg CO2e and Scope 2 at 13,312,000 kg CO2e. The company has set ambitious targets to reduce its absolute carbon emissions by 35% from a 2019 baseline by 2025, applicable to both Scope 1 and Scope 2 emissions. Thermax's emissions data is cascaded from its parent company, Thermax Limited, which is responsible for the overall performance metrics. The company is committed to sustainability and actively participates in initiatives such as the CDP, although it has not yet established Science-Based Targets (SBTi) or other formal climate pledges. As of 2022, Thermax's emissions were recorded at approximately 36,217,000 kg CO2e (12,180,000 kg CO2e from Scope 1 and 24,037,000 kg CO2e from Scope 2), indicating a need for ongoing efforts to meet its reduction goals. The company continues to focus on improving its carbon footprint and enhancing its sustainability practices.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 12,180,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 24,037,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - |
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.
Thermax 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.
