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.
-4 vs industry average
SBI Card’s score of 32 is lower than 46% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Services Auxiliary to Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Services Auxiliary to Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
SBI Card's reported carbon emissions
In 2024, SBI Card reported total emissions of approximately 2,580,950 kg CO2e, with all emissions attributed to Scope 2. The company 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 base year. This target has been validated by the Science Based Targets initiative (SBTi) and is aligned with the goal of limiting global warming to 1.5°C. In 2023, SBI Card's emissions were approximately 2,740,190 kg CO2e, again solely from Scope 2. The company has not disclosed any Scope 1 emissions, which remain at 0 kg CO2e for both 2023 and 2024. Additionally, there is no reported data for Scope 3 emissions, indicating a need for further transparency in this area. SBI Card's climate strategy is cascaded from its parent company, SBI Cards and Payment Services Limited, which is responsible for the overarching emissions data and climate initiatives. The commitment to measure and reduce Scope 3 emissions further demonstrates SBI Card's dedication to comprehensive climate action.
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SBI Card’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for SBI Card yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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SBI Card
Frequently asked questions
Common questions about SBI Card’s sustainability data and climate commitments
Data year: 2024
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