- Climate change impacts (heatwaves, floods)
- Maintaining ESG compliance across a large and diverse organization
- Balancing business growth with sustainability goals
Max Financial Services Limited and Max Life Insurance Company Limited
Greenhouse gas emissions & sustainability report data
In its 2023-04 to 2024-03 reporting, Max Financial Services Limited and Max Life Insurance Company Limited disclosed greenhouse gas emissions of 6.8K tCO2e/year (Scope 1 & 2). By scope: Scope 1: 141.73 tCO2e/year; Scope 2: 6.7K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
6.8K tCO2e/year (Scope 1 & 2)
2023-04 to 2024-03
Renewable Energy
1.25%
of total energy
Water Usage
381.96 KL/year
2023-04 to 2024-03
Waste
11.469 tons/year
2023-04 to 2024-03
Energy Use
37.1M MJ/year (non-renewable) ; 23972.40 MJ/year (renewable)
2023-04 to 2024-03
📊 Emissions by Scope (2023-04 to 2024-03)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 141.73 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 6.7K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023-04 to 2024-03 | 6.8K tCO2e/year (Scope 1 & 2) |
| 2022-04 to 2023-03 | 10.7K tCO2e (Scope 1 and 2 combined) |
| 2021-04 to 2022-03 | 6.2K tCO2e* |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 100% E-waste recycled
- 25 KW Solar panel installed at head office
- 25,000 Trees planted
- Reduced CO2 emissions by approximately 1.25% compared to FY2023
- 94.15% of generated waste recycled, including e-waste, biomedical, and other non-hazardous waste
🎯 Climate & Sustainability Targets
🔜 Short-term
- Increase employee diversity ratio to 28% by 2025
- Upskill employees by providing 40 learning hours per employee by 2025
📅 Medium-term
- Achieve 95% digital penetration by 2026
- Reduce CO2 emissions by 80% by 2028
🔭 Long-term
- Net zero emissions by 2070 (aligned with India's national target)
🌱 ESG Focus Areas
Green OperationsCaring for People and CommunitiesWorking Ethically and SustainablyFinancial Responsibility