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Thermax Limited, headquartered in India, is a prominent player in the Other Business Services sector, specifically focusing on energy and environment solutions. Founded in 1966, the company has established itself as a leader in providing innovative products and services that cater to diverse industries, including power, chemicals, and water treatment.
With a strong presence in major operational regions across Asia, Africa, and the Middle East, Thermax offers a unique portfolio that includes boilers, chillers, and waste heat recovery systems. Their commitment to sustainability and energy efficiency sets them apart in the market. Notable achievements include numerous awards for excellence in engineering and environmental stewardship, solidifying Thermax's position as a trusted partner in driving sustainable growth for businesses worldwide.
49
DitchCarbon score
+13 vs industry average
Thermax’s score of 49 is higher than 63% 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
Very Low
Business Services is among the least carbon-intensive industries
Industry performance
0.146
20182025
The Business Services industry has reduced its overall emissions by 25% since 2018
Emissions trajectory 2020 – 2029
2020202120222023202420252026202720282029
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Thermax's reported carbon emissions
Thermax, headquartered in India, reported Scope 1 emissions of 7,422,000 kg CO2e and Scope 2 emissions of 14,372,000 kg CO2e for 2026. This data is inherited from Thermax Limited. In 2025, the company's Scope 1 emissions were approximately 7,384,000 kg CO2e, and Scope 2 emissions were about 12,059,000 kg CO2e. For 2024, Thermax recorded Scope 1 emissions of 8,838,000 kg CO2e and Scope 2 emissions of 13,312,000 kg CO2e.
Thermax is committed to reducing its absolute carbon emissions. The company aims to achieve a 35% reduction in both Scope 1 and Scope 2 emissions by 2025, using 2019 as a baseline year. There is no publicly available data for Scope 3 emissions.
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Thermax’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Thermax10 months ago
49
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