Axcel

Axcel's reported carbon emissions

Axcel, headquartered in Denmark and operating within the financial services sector, has reported its carbon emissions for recent years. For 2024, the company's total reported emissions amounted to approximately 755,946,000 kg CO2e. This figure comprises Scope 1 emissions of about 11,000 kg CO2e, Scope 2 emissions (market-based) of approximately 18,000 kg CO2e, and significant Scope 3 emissions totalling around 744,836,000 kg CO2e. In 2022, Axcel reported total emissions of approximately 548,875,000 kg CO2e. This included negligible Scope 1 emissions (0.0 kg CO2e), Scope 2 emissions (location-based) of about 21,000 kg CO2e, and Scope 3 emissions of approximately 537,854,000 kg CO2e. Axcel has established Science Based Targets initiative (SBTi) commitments. The company's near-term targets, set in April 2022, align with a 1.5°C warming scenario and are targeted for achievement by 2025. These targets cover 100% of its total investment and lending activities by invested capital as of 2020. While specific absolute reduction targets for Scopes 1, 2, and 3 are not detailed, the classification indicates a commitment to emissions reductions consistent with limiting global warming to 1.5°C. Axcel is also committed to covering its portfolio emissions by 2025. It is important to note that for 2023, no specific emissions data was disclosed. The carbon intensity for Scope 1, 2, and 3 emissions was reported as 0.004 tonnes CO2e per million EUR revenue. For 2024, the carbon intensity was reported as 0.045 tonnes CO2e per million EUR revenue. Axcel's emissions data is self-reported and not cascaded from a parent organisation.