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 55% 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 greenhouse gas emissions of approximately 2,580,950 kg CO2e, all of which were classified under Scope 2 emissions, indicating indirect emissions from purchased electricity. The company has not reported any Scope 1 emissions, which pertain to direct emissions from owned or controlled sources. For the previous year, 2023, SBI Card's emissions were also approximately 2,580,950 kg CO2e for Scope 2, alongside significant Scope 3 emissions of about 40,000,465 kg CO2e, which encompass indirect emissions from the value chain. In 2022, the Scope 2 emissions were slightly higher at approximately 2,740,190 kg CO2e, with Scope 3 emissions reported at about 43,991,980 kg CO2e. SBI Card has set ambitious reduction targets, committing to a 50% reduction in both Scope 1 and Scope 2 emissions by 2030 from a 2018 baseline. This target has been approved by the Science Based Targets initiative (SBTi) and is aligned with the goal of limiting global warming to 1.5°C. The company also aims to measure and reduce its Scope 3 emissions, although specific targets for these emissions have not been detailed. It is important to note that the emissions data and reduction targets are cascaded from its parent company, SBI Cards and Payment Services Limited, which is the source of the reported figures and commitments.
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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?
How Carbon Intensive is SBI Card's Location?
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.
