One system of record. Five entities. One number.
Bajaj's operational footprint is clean. The number that carries the group's climate risk sits one layer down.
The parent reports and assures its own Scope 1 and 2. The financed and underwriting emissions across the five businesses, the part that actually represents a financial group's footprint, has not been measured. This is that number, on one ledger.
Reported vs real, at true scale
FY2025-26 BRSR, Scope 1+2, SGS reasonable assurance, against the group financed and underwriting estimate.
Roughly 69x the reported number, and not a tonne of it counted yet.
Reported figures: FY2025-26 BRSR, SGS reasonable assurance. Frontier is an economic-intensity estimate across the five books, shown as a range on the next page. A pilot replaces it with your loan-tape, policy and holdings data.
Five businesses. Five reporting streams today. One ledger tomorrow.
The five books, on one system of record
Each Bajaj business finances or underwrites a different kind of carbon, under a different PCAF method. Today each reports on its own. Carbon OS holds all five as one book, with one number that rolls up to the group.
| Business unit | What it carries | PCAF method | Book size | Est. financed / underwriting | Data quality | Status |
|---|
Every book here reads "not started". That is the opportunity: one system, built once, before anyone asks for the number.
Book sizes are illustrative public-disclosure anchors (AUM for lending and funds, GWP for insurance). Emissions are economic-intensity estimates, PCAF data quality 4 to 5 until primary data replaces them. All coral figures are Climes estimates.
One book, one layer deeper. The same path runs for all five.
How one book becomes a defensible number
Take Bajaj Finance, the largest book. This is what a pilot produces: a real financed-emissions number, built from the loan tape, scored for quality, ready to disclose. Then the same engine runs the other four.
Bajaj Finance · lending book
Illustrative. Consumer durables, two and three wheelers, personal and SME loans, mortgages via the group.
Ingest
Load the loan tape and product master. No new data collection, it is what you already hold.
Resolve
Map each exposure to a counterparty and asset class: motor, consumer, SME, mortgage.
Attribute
Apply the PCAF formula per class. Attribution moves from a proxy to your real book.
Disclose
The number drops into BRSR, PCAF, RBI and CDP outputs from one source.
Data quality moves from a 5 proxy to a 2 the moment your book replaces the estimate. That jump is the pilot's value: better data, not just a number.
Case in point: the IFC climate facility
A real, dated, ring-fenced green book already sitting on the loan tape.
The facility is ring-fenced to EVs, energy-efficient consumer goods and women micro-borrowers. Those are standard PCAF motor-vehicle and consumer classes, so the IFC-eligible book resolves into a defensible carbon-impact number rather than a spreadsheet estimate.
The question that moves this from ESG to the CFO: what is the measured carbon impact of the IFC book, and who owns that number today?
Facts verified from IFC pressroom, 6 Nov 2024. A development-bank use-of-proceeds facility typically carries impact and results reporting; the exact covenant sits in the facility agreement, to confirm with the treasury desk. Carbon impact figure produced in a pilot.
Measure once. Report to everyone.
One number, every framework it has to land in
The group answers to BRSR, the RBI climate framework as it lands, investor questionnaires and the ratings desks. Carbon OS holds one measured book and emits each format from it. No re-measuring per framework.
Bajaj Finserv Group · financed & underwriting emissions
One measured book, resolved across the group's five businesses.
Clicking Generate files the baseline and moves the group carbon rating. The full programme carries it the rest of the way.
Start with one. Prove it. Extend to five.
From here
This is not a five-book commitment on day one. It is one book, one focused pilot, one defensible number. When it holds, the same engine covers the rest.
A focused pilot on one book
Pick the book that matters first, likely Bajaj Finance or the mortgage book. We resolve it from your own data, produce the financed number with a data-quality score, and hand you the disclosure output. Weeks, not quarters.
Private-sector means we can run this as a scoped, paid diagnostic. No RFP, no waiting.
What's real, what's illustrative
Said plainly, because that is the point of the demo.
Real, from Bajaj disclosure
- Scope 1+2 of 61,042 tCO2e, FY2025-26 BRSR, SGS reasonable assurance.
- The five-business group structure and the FY2032 carbon-neutral target (Scope 1+2).
- The X-Ray carbon rating of 64 / 100, mid-pack among large financials.
Illustrative, Climes estimates
- Every financed and underwriting number, built from economic-intensity proxies.
- Book sizes, anchored to public disclosure, refreshed with your data in a pilot.
- Two honest gaps we build with you: insurance underwriting (PCAF Part C) and fund look-through.
Nothing here claims to be measured. The pilot is what turns the coral numbers green.