- Climate-related regulations impacting business decisions and customer activities
- Acute physical risks impacting assets, supply chains, employees, and society
- Macro risks associated with the global low-carbon economic transition
Axis Bank Limited
Greenhouse gas emissions & sustainability report data
In its 2023-24 reporting, Axis Bank Limited disclosed greenhouse gas emissions of 187.1K tCO2e/year (FY2024). By scope: Scope 1: 15.8K tCO2e/year (FY2024); Scope 2: 149.7K tCO2e/year (FY2024); Scope 3: 39.9K tCO2e/year (FY2024). 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
187.1K tCO2e/year (FY2024)
2023-24
Renewable Energy
4.87% (FY2024)
of total energy
Waste
282 metric tonnes of dry waste + 29 metric tonnes of e-waste (FY2024)
2023-24
Energy Use
897.83 TJ/year (FY2024)
2023-24
📊 Emissions by Scope (2023-24)
| 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). | 15.8K tCO2e/year (FY2024) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 149.7K tCO2e/year (FY2024) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 39.9K tCO2e/year (FY2024) |
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 |
|---|---|
| 2023-24 | 187.1K tCO2e/year (FY2024) |
| 2022-2023 | 7.4K tCO2e (Scope 1 & 2) + 54745.69 tCO2e (Scope 3) |
| 2022-04 to 2023-03 | 9.44 thousand tonnes of CO2e + 201.19 thousand tonnes of CO2e (Scope 1 and 2) |
| 2021-04 to 2022-03 | 171.13+13.85=184.98 thousand tonnes of CO2e |
| 2018-04 to 2019-03 | 140.85 tCO2e/year (Scope 1 & 2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Issued inaugural Green Bond of USD 500 Mn in 2016
- Issued USD 600 Mn sustainable AT1 bonds in 2021
- Achieved ₹30,409 Crores of incremental lending in renewable energy sectors as of March 31, 2024
- Total wholesale lending portfolio in ‘green’ sectors stood at ₹18,907 crores as of March 31, 2024
- 1.3 million trees planted as of March 2024 (towards a goal of 2 million by 2027)
- 282 metric tonnes of dry waste collected and sent for recycling from select large offices
- 29 metric tonnes of e-waste collected and disposed through Government authorised vendor from large offices and branches pan-India
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce specific emissions (total Scope 1 and Scope 2 emissions per employee) by 3.5% year on year
📅 Medium-term
- Rural Livelihoods outreach under Axis Bank Foundation’s Sustainable Livelihoods Programme on target by 2027
🔭 Long-term
- Committed to planting 2 million trees by 2027 under CSR
🌱 ESG Focus Areas
Climate ChangeDiversity & InclusionGovernanceSustainable FinanceCommunity Development