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 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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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. Explore Max Financial Services’s data sources below and access millions more through our Disclosure Search.

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

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. a c

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 energy a

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 5,440 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

0.02502,00050,000Scope 1 Emissions (tCO2e)505005,00050,000200,000Revenues (Millions of USD)Cholamandalam Financial HoldingsYear: 2025Scope 1: 621 tCO2eRevenue: $M 4,077Scope 1 Intensity: 0.15 tCO2e/$MBank of IndiaYear: 2025Scope 1: 9,106 tCO2eRevenue: $M 3,967Scope 1 Intensity: 2.30 tCO2e/$MHDFC Life InsuranceYear: 2025Scope 1: 227 tCO2eRevenue: $M 10,553Scope 1 Intensity: 0.02 tCO2e/$MNew India AssuranceYear: 2025Scope 1: 2,669 tCO2eRevenue: $M 5,096Scope 1 Intensity: 0.52 tCO2e/$MIndian BankYear: 2023Scope 1: 3,198 tCO2eRevenue: $M 3,419Scope 1 Intensity: 0.94 tCO2e/$MICICI Prudential Life InsuranceYear: 2025Scope 1: 759 tCO2eRevenue: $M 8,179Scope 1 Intensity: 0.09 tCO2e/$MLICYear: 2025Scope 1: 27,014 tCO2eRevenue: $M 104,301Scope 1 Intensity: 0.26 tCO2e/$MSundaram FinanceYear: 2025Scope 1: 2,388 tCO2eRevenue: $M 493Scope 1 Intensity: 4.84 tCO2e/$MPoonawalla FincorpYear: 2025Scope 1: 347 tCO2eRevenue: $M 468Scope 1 Intensity: 0.74 tCO2e/$MMCXYear: 2025Scope 1: 11 tCO2eRevenue: $M 130Scope 1 Intensity: 0.09 tCO2e/$MFederal BankYear: 2025Scope 1: 2,111 tCO2eRevenue: $M 1,685Scope 1 Intensity: 1.25 tCO2e/$MCentral Bank of IndiaYear: 2025Scope 1: 7,084 tCO2eRevenue: $M 2,325Scope 1 Intensity: 3.05 tCO2e/$MShriram FinanceYear: 2025Scope 1: 4,236 tCO2eRevenue: $M 2,597Scope 1 Intensity: 1.63 tCO2e/$MHousing and Urban DevelopmentYear: 2025Scope 1: 34 tCO2eRevenue: $M 421Scope 1 Intensity: 0.08 tCO2e/$MStar HealthYear: 2024Scope 1: 0 tCO2eRevenue: $M 1,600Scope 1 Intensity: 0.00 tCO2e/$MAditya Birla CapitalYear: 2025Scope 1: 40 tCO2eRevenue: $M 5,077Scope 1 Intensity: 0.01 tCO2e/$MNippon Life India AMCYear: 2025Scope 1: 72 tCO2eRevenue: $M 261Scope 1 Intensity: 0.28 tCO2e/$MCDSLYear: 2025Scope 1: 5 tCO2eRevenue: $M 127Scope 1 Intensity: 0.04 tCO2e/$MIDFC First BankYear: 2025Scope 1: 19,417 tCO2eRevenue: $M 3,090Scope 1 Intensity: 6.28 tCO2e/$MIDBI BankYear: 2025Scope 1: 2,361 tCO2eRevenue: $M 2,106Scope 1 Intensity: 1.12 tCO2e/$MPNB Housing FinanceYear: 2025Scope 1: 7 tCO2eRevenue: $M 347Scope 1 Intensity: 0.02 tCO2e/$MSBI Life InsuranceYear: 2025Scope 1: 4,109 tCO2eRevenue: $M 13,686Scope 1 Intensity: 0.30 tCO2e/$MICICI LombardYear: 2024Scope 1: 907 tCO2eRevenue: $M 2,612Scope 1 Intensity: 0.35 tCO2e/$MMax Financial ServicesYear: 2025Scope 1: 293 tCO2eRevenue: $M 5,440Scope 1 Intensity: 0.05 tCO2e/$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 0.3 , 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 6 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Max Financial Services is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

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