State Bank
State Bank of India (SBI), headquartered in Mumbai, India, is a leading financial institution in the banking sector. Established in 1955, SBI has grown to become the largest bank in India, with a significant presence across various regions, including urban and rural areas. The bank offers a comprehensive range of services, including retail banking, corporate banking, and investment solutions, distinguished by its commitment to customer service and innovative financial products. Notable achievements include its extensive network of branches and ATMs, making banking accessible to millions. SBI's strong market position is underscored by its robust asset base and a reputation for reliability, making it a trusted choice for individuals and businesses alike. With a focus on digital transformation, SBI continues to lead the way in the Indian banking industry.
DitchCarbon Score
How does State Bank's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
State Bank's score of 48 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
State Bank's reported carbon emissions
In 2023, State Bank reported total carbon emissions of approximately 1,000,000 kg CO2e, with emissions distributed across various scopes: Scope 1 emissions were about 217,272,000 kg CO2e, Scope 2 emissions totalled around 742,732,000 kg CO2e, and Scope 3 emissions were approximately 46,299,000 kg CO2e. Comparatively, in 2022, the bank's total emissions were about 1,283,216,000 kg CO2e, indicating a reduction in emissions over the year. The bank's Scope 1 emissions in 2022 were approximately 547,000 kg CO2e, while Scope 2 emissions were around 1,144,641,000 kg CO2e, and Scope 3 emissions were about 140,044,000 kg CO2e. State Bank has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. However, the bank's ongoing efforts to monitor and report emissions reflect a commitment to transparency in its climate impact. Overall, State Bank's emissions data highlights a trend towards decreasing carbon emissions, aligning with broader industry efforts to address climate change.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Get Started| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 418,000 | 000,000 | 000,000 | 000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 1,163,367,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 181,822,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
State Bank is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
