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 58 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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State Bank's reported carbon emissions
In 2024, State Bank reported total carbon emissions of approximately 785,910,000 kg CO2e, comprising 147,240,000 kg CO2e from Scope 1, 622,670,000 kg CO2e from Scope 2, and 41,500,000 kg CO2e from Scope 3. This reflects a significant commitment to reducing its carbon footprint, particularly in Scope 1 and Scope 2 emissions, with a target to achieve carbon neutrality by 2030. In 2023, the bank's emissions were about 792,000,000 kg CO2e, with Scope 1 emissions at 217,272,000 kg CO2e, Scope 2 at 742,732,000 kg CO2e, and Scope 3 at 46,299,000 kg CO2e. The data indicates a proactive approach to energy conservation and a transition to green energy sources. State Bank's initiatives include a clear goal to become carbon neutral in both Scope 1 and Scope 2 emissions by 2030, demonstrating its commitment to sustainability and environmental responsibility. The bank is actively working towards reducing its environmental impact, aligning with industry standards for climate action.
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| 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 participating in any of the initiatives that 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.
