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SBI Life Insurance
SBI Life Insurance Company Limited, commonly referred to as SBI Life, is a prominent player in the Indian insurance sector, headquartered in Mumbai, India. Established in 2001, the company has rapidly grown to become one of the leading life insurance providers in the country, offering a diverse range of products tailored to meet the needs of individuals and businesses alike. SBI Life operates primarily in the life insurance industry, focusing on key areas such as individual and group insurance plans, pension solutions, and health insurance. Its unique offerings, including a variety of term plans and investment-linked policies, cater to a wide demographic, ensuring financial security and peace of mind for its customers. With a strong market position, SBI Life has achieved significant milestones, including a robust distribution network and a reputation for customer-centric service. The company continues to innovate, making it a trusted choice for millions seeking reliable insurance solutions in India.
DitchCarbon Score
How does SBI Life Insurance'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 Life Insurance's score of 27 is lower than 54% 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 Life Insurance's reported carbon emissions
In 2024, SBI Life Insurance reported total carbon emissions of approximately 51,000,000 kg CO2e, comprising 2,735,110 kg CO2e from Scope 1, 15,260,100 kg CO2e from Scope 2, and 45,570,530 kg CO2e from Scope 3 emissions. This data reflects a comprehensive disclosure of emissions across all three scopes, indicating a commitment to transparency in their environmental impact. In 2023, the company recorded total emissions of about 49,000,000 kg CO2e, with Scope 1 emissions at 86,730 kg CO2e and Scope 2 emissions at 4,902,240 kg CO2e. Notably, the Scope 3 emissions remained consistent at approximately 45,570,530 kg CO2e, highlighting the significant impact of upstream and downstream activities. SBI Life Insurance has not set specific reduction targets or climate pledges, and there are no documented initiatives aimed at reducing emissions. The emissions data is cascaded from the parent company, SBI Life Insurance Company Limited, ensuring that the reported figures are aligned with corporate family standards. Overall, while SBI Life Insurance demonstrates a commitment to reporting its carbon footprint, further initiatives and targets would enhance its climate strategy and contribute to global sustainability efforts.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 86,730 | 00,000 | 0,000,000 |
| Scope 2 | 4,902,240 | 0,000,000 | 00,000,000 |
| 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 Life Insurance is not participating in any 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.
