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.
+8 vs industry average
Thermax’s score of 40 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Business Services has below-average carbon intensity
Industry performance
The Business Services industry has increased its overall emissions by 24% since 2019
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Thermax's reported carbon emissions
In 2025, Thermax reported total carbon emissions of approximately 25,000,000 kg CO2e, comprising 7,384,000 kg CO2e from Scope 1 and 12,059,000 kg CO2e from Scope 2 emissions. The company has set ambitious targets to reduce its absolute carbon emissions by 35% from a 2019 baseline by the year 2025, applicable to both Scope 1 and Scope 2 emissions. This commitment reflects Thermax's dedication to addressing climate change and reducing its carbon footprint. The emissions data is cascaded from its parent company, Thermax Limited, which is responsible for the overall performance metrics. Notably, Thermax has not yet disclosed any Scope 3 emissions data, indicating potential areas for future reporting and improvement. The company continues to align its strategies with industry standards for sustainability and climate action, demonstrating a proactive approach to environmental responsibility.
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Thermax’s Climate Goals (2030 & 2050)
2 goals2025
35% reduction in Scope 1
Thermax aims to reduce 35% of absolute carbon emissions from the base year of 2019 by 2025.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Thermax
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