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 50 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 742,732,000 kg CO2e, comprising 217,272,000 kg CO2e from Scope 1, 742,732,000 kg CO2e from Scope 2, and 46,299,000 kg CO2e from Scope 3. This represents a decrease in total emissions compared to 2022, where emissions were about 1,283,216,000 kg CO2e, with Scope 1 at 547,000 kg CO2e, Scope 2 at 1,144,641,000 kg CO2e, and Scope 3 at 140,044,000 kg CO2e. The bank has demonstrated a commitment to reducing its carbon footprint, although specific reduction targets or initiatives have not been disclosed. The emissions intensity for Scope 1 and Scope 2 combined was reported at 4,070 kg CO2e per employee in 2023, down from 4,690 kg CO2e in 2022, indicating a positive trend in emissions management. State Bank's emissions data reflects its ongoing efforts to address climate change, aligning with industry standards for transparency and accountability in carbon reporting.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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.
