SBI Card
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 42 is higher than 89% 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 2023, SBI Card reported total carbon emissions of approximately 27,401,90 kg CO2e from Scope 2 and 43,991,980 kg CO2e from Scope 3, with no emissions recorded under Scope 1. This represents a significant portion of their overall carbon footprint, highlighting the importance of addressing indirect emissions from their 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 base year. This target has been validated by the Science Based Targets initiative (SBTi) and aligns with the necessary reductions to limit global warming to 1.5°C. The company also plans to measure and reduce its Scope 3 emissions, which encompass a wide range of indirect emissions, including those from purchased goods and services, employee commuting, and business travel. Over the years, SBI Card has demonstrated a commitment to sustainability, with emissions from Scope 2 decreasing from approximately 5,077,110 kg CO2e in 2019 to about 2,740,190 kg CO2e in 2023. This trend indicates a proactive approach to reducing their carbon footprint, particularly in their operational emissions. As SBI Card continues to implement its climate strategies, it remains focused on transparency and accountability in its emissions reporting, contributing to a more sustainable future.
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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 | 00,000,000 |
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.
SBI Card is participating in some 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.
