Axis Bank Ltd
Axis Bank's GHG Emissions Data Preview
In 2024, Axis Bank completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).
Axis Bank has also provided a category-level breakdown for 3 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 3 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into Axis Bank's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Axis Bank amounted to 166,000 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Axis Bank decreased by 20.43%, showing that the company has made progress in taking action to reduce the climate impact of its operations.
Axis Bank's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Axis Bank's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Axis Bank were 16,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Has Axis Bank reduced its Scope 1 emissions over time?
Since 2020, Axis Bank's Scope 1 emissions have increased by 156%, reflecting a rising long-term trend in Scope 1 emissions over time.
Compared to the previous year (2023), Axis Bank's Scope 1 emissions increased by 115.17%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.
What are Axis Bank's Scope 2 emissions?
In 2024, Axis Bank reported Scope 2 greenhouse gas (GHG) emissions of 150,000 tCOâ‚‚e without specifying the calculation method.
Has Axis Bank reduced its Scope 2 emissions over time?
Since 2020, Axis Bank's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 10.74%, reflecting a declining long-term trend in Scope 2 emissions over time.
Compared to the previous year (2023), Axis Bank's Scope 2 emissions (Unspecified Calculation Method) fell by 25.44% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.
What methodology does Axis Bank use for Scope 2 reporting?
In 2024, Axis Bank reported its Scope 2 emissions using an unspecified methodology.
Axis Bank's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into Axis Bank's Value Chain Emissions
In 2024, Axis Bank reported 100,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.
The 2024 disclosure of Axis Bank includes a breakdown across 3 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chain
Axis Bank's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Axis Bank's Scope 3 emissions?
In 2024, Axis Bank reported total Scope 3 emissions of 100,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.
Compared to the previous year (2023), Axis Bank's Scope 3 emissions increased by 82.66%, suggesting that the company faced challenges in reducing emissions across its value chain.
What categories of Scope 3 emissions does Axis Bank disclose?
In 2024, Axis Bank reported emissions for 3 out of the 15 Scope 3 categories defined by the GHG Protocol.
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Axis Bank's Scope 3 emissions?
In 2024, the largest contributors to Axis Bank's Scope 3 emissions were:
- Fuel- and Energy-Related Services (Cat. 3): 80,000 tCOâ‚‚e (81.63%)
- Purchased Goods and Services (Cat. 1): 9,000 tCOâ‚‚e (9.18%)
- Business Travel (Cat. 6): 9,000 tCOâ‚‚e (9.18%)
Axis Bank's Scope 3 Emissions by Categories
Insights into Axis Bank's Total Carbon Footprint
In 2024, Axis Bank reported a total carbon footprint of 266,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.
The largest contributor to Axis Bank's total carbon footprint was Scope 2 emissions, accounting for 56.39% of the company's total carbon footprint, followed by Scope 3 emissions at 37.59%.