SBI Life Insurance
SBI Life Insurance Company Limited, commonly referred to as SBI Life, is a prominent player in the financial services sector, specifically within the industry of services auxiliary to financial intermediation. Headquartered in Mumbai, India, SBI Life has established a significant presence across various regions, catering to the diverse insurance needs of millions.
Founded in 2001, SBI Life has achieved notable milestones, including a robust market position as one of India's leading private life insurers. The company offers a comprehensive range of products, including term insurance, endowment plans, and unit-linked insurance plans (ULIPs), distinguished by their customer-centric features and innovative solutions. With a commitment to financial security and a strong distribution network, SBI Life continues to enhance its reputation as a trusted insurance provider in the Indian market.
-10 vs industry average
SBI Life Insurance’s score of 27 is lower than 37% 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 Life Insurance's reported carbon emissions
SBI Life Insurance, headquartered in India and operating in the services auxiliary to financial intermediation sector, reported approximately 68.6 million kg CO2e in total emissions for the fiscal year 2024. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions.
Specifically, for fiscal year 2024, Scope 1 emissions were approximately 2.7 million kg CO2e, Scope 2 emissions totalled about 15.3 million kg CO2e, and Scope 3 emissions amounted to approximately 45.6 million kg CO2e.
In fiscal year 2023, the company reported Scope 1 emissions of about 86,730 kg CO2e and Scope 2 emissions of approximately 4.9 million kg CO2e. Scope 3 emissions data was not disclosed for this period.
For fiscal year 2022, SBI Life Insurance's reported emissions included approximately 86,730 kg CO2e for Scope 1 and around 4.9 million kg CO2e for Scope 2. Like in fiscal year 2023, Scope 3 emissions were not disclosed.
SBI Life Insurance's emissions data is cascaded from SBI Life Insurance Company Limited, its parent organisation, where the primary data and reporting originate. The company has not disclosed specific reduction targets or commitments through SBTi, CDP, or other industry initiatives.
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SBI Life Insurance’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for SBI Life Insurance 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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