SBI General Insurance Company Limited Sustainability Profile
SBI General Insurance Company Limited, a prominent player in the Indian insurance sector, is headquartered in Mumbai, India. Established in 2010, the company has rapidly evolved, offering a diverse range of insurance products, including health, motor, travel, and home insurance. SBI General stands out for its customer-centric approach and innovative solutions tailored to meet the unique needs of its clients. With a strong presence across major operational regions in India, SBI General has garnered a reputation for reliability and trustworthiness. The company has achieved significant milestones, including recognition for its robust claims settlement process and digital initiatives that enhance customer experience. As a subsidiary of the State Bank of India, SBI General Insurance continues to solidify its market position, making it a preferred choice for millions seeking comprehensive insurance coverage.
DitchCarbon Score
How does SBI General Insurance Company Limited'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 Insurance Services 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 General Insurance Company Limited's score of 55 is higher than 74% 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 General Insurance Company Limited, headquartered in India, currently does not have specific carbon emissions data available for the most recent year. The company is a current subsidiary of the State Bank of India, which may influence its climate commitments and emissions reporting. As of now, SBI General Insurance has not set any documented reduction targets or climate pledges. The absence of specific emissions data and reduction initiatives suggests that the company may still be in the early stages of formalising its climate strategy. Given its relationship with the State Bank of India, any potential emissions data or climate commitments may be inherited from this parent organisation. However, no specific figures or targets have been cascaded down from the State Bank of India to SBI General Insurance at this time. In summary, while SBI General Insurance Company Limited is part of a larger corporate family that may have climate initiatives, it currently lacks detailed emissions data and defined reduction targets.
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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 |
How Carbon Intensive is SBI General Insurance Company Limited's Industry?
How Carbon Intensive is SBI General Insurance Company Limited's Location?
SBI General Insurance Company Limited'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 General Insurance Company Limited has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
