State Bank
State Bank of India (SBI), headquartered in Mumbai, India, is a leading financial institution in the banking sector. Established in 1955, SBI has grown to become the largest bank in India, with a significant presence across various regions, including urban and rural areas. The bank offers a comprehensive range of services, including retail banking, corporate banking, and investment solutions, distinguished by its commitment to customer service and innovative financial products. Notable achievements include its extensive network of branches and ATMs, making banking accessible to millions. SBI's strong market position is underscored by its robust asset base and a reputation for reliability, making it a trusted choice for individuals and businesses alike. With a focus on digital transformation, SBI continues to lead the way in the Indian banking industry.
DitchCarbon Score
How does State Bank'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 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
State Bank's score of 58 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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State Bank's reported carbon emissions
In 2024, State Bank reported total carbon emissions of approximately 147,240,000 kg CO2e for Scope 1, 622,670,000 kg CO2e for Scope 2, and 41,500,000 kg CO2e for Scope 3. This reflects a commitment to transparency in emissions reporting across all scopes. In 2023, emissions were higher, with Scope 1 at about 217,272,000 kg CO2e, Scope 2 at 742,732,000 kg CO2e, and Scope 3 at 46,299,000 kg CO2e. The bank has set ambitious targets to achieve carbon neutrality in Scope 1 and Scope 2 emissions by 2030. This initiative is part of their broader strategy to promote energy conservation and transition to green energy sources, starting from 2023. The bank's efforts are aimed at significantly reducing its environmental footprint in the near term. State Bank's emissions data is independently reported and not cascaded from any parent organization, ensuring that their climate commitments are based on their own operational metrics. The bank's proactive approach to sustainability aligns with industry standards and reflects a growing commitment to addressing climate change.
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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 |
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.
State Bank 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.
