SBI Card Sustainability Profile
SBI Card, officially known as State Bank of India Card, is a leading player in the Indian financial services industry, headquartered in Gurugram, Haryana. Established in 1998, SBI Card has rapidly evolved to become one of the largest credit card issuers in India, serving millions of customers across the country. The company offers a diverse range of credit card products tailored to meet various consumer needs, including rewards, travel, and lifestyle cards. What sets SBI Card apart is its strong affiliation with the State Bank of India, providing customers with a trusted brand and extensive banking network. With a commitment to innovation, SBI Card has achieved significant milestones, including the introduction of contactless payment solutions and a robust digital platform. Its market position is reinforced by a growing customer base and a reputation for excellent service, making it a prominent name in the Indian credit card landscape.
DitchCarbon Score
How does SBI Card'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 Services Auxiliary to 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
SBI Card's score of 34 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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SBI Card's reported carbon emissions
In 2024, SBI Card reported total Scope 2 emissions of approximately 2,580,950 kg CO2e, with no reported Scope 1 emissions. The previous year, 2023, saw similar Scope 2 emissions at 2,580,950 kg CO2e, alongside significant Scope 3 emissions of about 40,000,465 kg CO2e. This indicates a consistent level of direct energy-related emissions while highlighting the substantial impact of indirect emissions from the value chain. SBI Card has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 greenhouse gas emissions by 50% by 2030, using 2018 as the baseline year. This target has been validated by the Science Based Targets initiative (SBTi) and reflects the company's commitment to align with the 1.5°C climate goal. The company also intends to measure and reduce its Scope 3 emissions, although specific targets for these emissions have not been detailed. The emissions data for SBI Card is cascaded from its parent company, SBI Cards and Payment Services Limited, which provides a comprehensive view of the organisation's climate impact and commitments. As a current subsidiary, SBI Card's climate strategy is part of a broader corporate responsibility framework aimed at sustainability and environmental stewardship.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - |
| Scope 2 | 5,077,110 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | 00,000,000.00 | 00,000,000.00 | - |
How Carbon Intensive is SBI Card's Industry?
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SBI Card's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
SBI Card has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about SBI Card's sustainability data and climate commitments