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Max Financial Services Ltd

Common Name
Max Financial Services
Country
India
Sector
Financial Services
Industry
Insurance - Life
Employees
10
Ticker
MFSL
Exchange
National Stock Exchange of India
Description
Max Financial Services Ltd. is a prominent company operating in the financial services sector, primarily focusing on life insurance products. It serves as a holding company for Max Life Insurance Comp...

Max Financial Services's GHG Emissions Data Preview

In 2025, Max Financial Services 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) and Scope 2 (indirect emissions from purchased energy).

However, Max Financial Services has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2025202420232022-2019
Total Scope 1
293.2a
141.73a
265.64b
Total Scope 2
Unspecified Calculation Method
7,759.43a
6,694.64a
6,658.06b
Total Scope 3
N/AN/AN/A
Total Scope 1 Revenue Intensity (tCO2e/$M)
0.054a
0.0254a
0.0696b
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Verified Sources Behind Max Financial Services’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform.

a. Max Financial Services's Responsible Business Report 2025
b. Max Financial Services's Sustainability Report 2024
c. Max Financial Services's Sustainability Report 2022

Insights into Max Financial Services's Operational Emissions

In 2025, the total operational greenhouse gas (GHG) emissions of Max Financial Services amounted to 8,052.63 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).a

Compared to 2024, the total operational greenhouse gas (GHG) emissions of Max Financial Services increased by 17.79%, suggesting that the company faced challenges in reducing its emissions from its core operations.a

Max Financial Services's Scope 1 Emissions Over Time

2022202320242025075150225300tCO2e+14%-47%+107%
  • Total Scope 1
  • Year-over-Year Change

What are Max Financial Services's Scope 1 emissions?

In 2025, the total Scope 1 emissions of Max Financial Services were 293.2 metric tons of CO₂ equivalent (tCO₂e).a

Has Max Financial Services reduced its Scope 1 emissions over time?

Since 2022, Max Financial Services's Scope 1 emissions have increased by 25.3%, reflecting a rising long-term trend in Scope 1 emissions over time.ac

Compared to the previous year (2024), Max Financial Services's Scope 1 emissions increased by 106.87%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a

What are Max Financial Services's Scope 2 emissions?

In 2025, Max Financial Services reported Scope 2 greenhouse gas (GHG) emissions of 7,759.43 tCO₂e without specifying the calculation method.a

Has Max Financial Services reduced its Scope 2 emissions over time?

Since 2022, Max Financial Services's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 30.02%, reflecting a rising long-term trend in Scope 2 emissions over time.ac

Compared to the previous year (2024), Max Financial Services's Scope 2 emissions (Unspecified Calculation Method) rose by 15.91% in 2025, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya

What methodology does Max Financial Services use for Scope 2 reporting?

In 2025, Max Financial Services reported its Scope 2 emissions using an unspecified methodology.a

Max Financial Services's Scope 2 Emissions Over Time

202220232024202502 k4 k6 k8 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Max Financial Services’s GHG Emissions Intensity Compared to Industry Peers

In 2025, Max Financial Services reported Scope 1 greenhouse gas (GHG) emissions of 293.2 tCO₂e and total revenues of USD 5,430 millions. This translates into an emissions intensity of 0.05 tCO₂e per millions USD.a

Max Financial Services's Scope 1 Emissions Intensity Compared to Peers

0.021005,000200,000Scope 1 Emissions (tCO2e)1001,0005,00050,000200,000Revenues (Millions of USD)China Life InsuranceYear: 2024Scope 1: 95,978 tCO2eRevenue: $M 70,185Scope 1 Intensity: 1.37 tCO2e/$MThai Life InsuranceYear: 2024Scope 1: 1,298 tCO2eRevenue: $M 3,174Scope 1 Intensity: 0.41 tCO2e/$MChallengerYear: 2025Scope 1: 3 tCO2eRevenue: $M 491Scope 1 Intensity: 0.01 tCO2e/$MLincoln NationalYear: 2024Scope 1: 2,137 tCO2eRevenue: $M 17,988Scope 1 Intensity: 0.12 tCO2e/$MChina TaipingYear: 2024Scope 1: 9,400 tCO2eRevenue: $M 22,737Scope 1 Intensity: 0.41 tCO2e/$MMercuries & Associates HoldingYear: 2024Scope 1: 14,633 tCO2eRevenue: $M 4,994Scope 1 Intensity: 2.93 tCO2e/$MHapvidaYear: 2024Scope 1: 9,637 tCO2eRevenue: $M 4,680Scope 1 Intensity: 2.06 tCO2e/$MWuestenrot & WuerttembergischeYear: 2024Scope 1: 15,354 tCO2eRevenue: $M 6,401Scope 1 Intensity: 2.40 tCO2e/$MMercuries Life InsuranceYear: 2024Scope 1: 551 tCO2eRevenue: $M 4,177Scope 1 Intensity: 0.13 tCO2e/$MGreat Eastern HoldingsYear: 2024Scope 1: 206 tCO2eRevenue: $M 5,242Scope 1 Intensity: 0.04 tCO2e/$MMenora Mivtachim HoldingsYear: 2022Scope 1: 2,813 tCO2eRevenue: $M 1,670Scope 1 Intensity: 1.68 tCO2e/$MGlobe LifeYear: 2024Scope 1: 1,459 tCO2eRevenue: $M 5,778Scope 1 Intensity: 0.25 tCO2e/$MGenworth FinancialYear: 2024Scope 1: 542 tCO2eRevenue: $M 7,141Scope 1 Intensity: 0.08 tCO2e/$MCNO Financial GroupYear: 2024Scope 1: 1,255 tCO2eRevenue: $M 4,446Scope 1 Intensity: 0.28 tCO2e/$MTawuniyaYear: 2024Scope 1: 2,274 tCO2eRevenue: $M 4,418Scope 1 Intensity: 0.51 tCO2e/$MFWD Group HoldingsYear: 2024Scope 1: 556 tCO2eRevenue: $M 3,980Scope 1 Intensity: 0.14 tCO2e/$MJackson FinancialYear: 2024Scope 1: 3,835 tCO2eRevenue: $M 3,092Scope 1 Intensity: 1.24 tCO2e/$MPrimericaYear: 2024Scope 1: 584 tCO2eRevenue: $M 3,090Scope 1 Intensity: 0.19 tCO2e/$MHDFC Life InsuranceYear: 2025Scope 1: 227 tCO2eRevenue: $M 11,345Scope 1 Intensity: 0.02 tCO2e/$MSBI Life InsuranceYear: 2025Scope 1: 4,109 tCO2eRevenue: $M 13,686Scope 1 Intensity: 0.30 tCO2e/$MLICYear: 2025Scope 1: 27,014 tCO2eRevenue: $M 104,221Scope 1 Intensity: 0.26 tCO2e/$MStar HealthYear: 2025Scope 1: 0 tCO2eRevenue: $M 2,000Scope 1 Intensity: 0.00 tCO2e/$MICICI Prudential Life InsuranceYear: 2025Scope 1: 759 tCO2eRevenue: $M 8,286Scope 1 Intensity: 0.09 tCO2e/$MMax Financial ServicesYear: 2025Scope 1: 293 tCO2eRevenue: $M 5,430Scope 1 Intensity: 0.05 tCO2e/$M

How does Max Financial Services's GHG emissions intensity compare to its peers?

In 2025, Max Financial Services reported a Scope 1 emissions intensity of 0.05 tCO₂e per millions USD. Compared to the peer group median of 0.26, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does Max Financial Services rank on GHG emissions intensity within its industry?

In 2025, Max Financial Services ranked 5 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a

This places Max Financial Services among the top performers, with one of the lowest emissions intensities relative to peers.a

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