State Bank of India (SBI), headquartered in Mumbai, India, is a leading player in the financial intermediation services sector, specifically excluding insurance and pension funding. Established in 1955, SBI has grown to become one of the largest banks in India, with a vast network of branches across the country and significant operations in international markets.
SBI offers a comprehensive range of financial products and services, including personal banking, corporate banking, and investment solutions, distinguished by their customer-centric approach and innovative digital offerings. The bank's commitment to financial inclusion and its robust technological infrastructure have positioned it as a market leader in the Indian banking landscape. With numerous accolades and a strong reputation, SBI continues to play a pivotal role in the economic development of India.
+15 vs industry average
State Bank’s score of 52 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Part of the Sustainability team at State Bank?
- Control how your company's emission story is told
- Respond to customers efficiently
- See who's viewing your profile
Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
State Bank's reported carbon emissions
State Bank, headquartered in India and operating within financial intermediation services, has established significant climate commitments. For the reporting year 2024, the bank reported total emissions of approximately 795.0 million kg CO2e. This figure comprises Scope 1 emissions of approximately 147.2 million kg CO2e, Scope 2 emissions of about 622.7 million kg CO2e, and Scope 3 emissions of approximately 41.5 million kg CO2e.
The bank has set ambitious targets to mitigate its environmental impact. State Bank aims to achieve Carbon Neutrality in Scope 1 and Scope 2 emissions by 2030, alongside efforts to reduce its overall environmental footprint. Furthermore, it has committed to becoming a Net Zero entity by 2055, encompassing Scope 1, 2, and 3 emissions.
In terms of achievements, for the fiscal year 2024, State Bank reduced its total greenhouse gas emissions to about 811,410 kg CO2e, a decrease from approximately 1,006,303 kg CO2e in the fiscal year 2023. The bank has also reported avoiding 53,394 metric tons of CO2e greenhouse gas emissions through renewable energy production and energy-saving initiatives.
Unlock detailed emission data
Access structured emission data, company specific factors and auditable source documents
State Bank’s Climate Goals (2030 & 2050)
4 goals2055
and Net Zero by 2055 (Scope 1,2 and 3)
and Net Zero by 2055 (Scope 1,2 and 3). The main achievements of SBI in renewable energy production and energy saving are: 1. It avoided 53,…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 4 climate goals
Already have an account? Sign in now
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
View similar organisations
State Bank
Usage policy
You’re welcome to quote or reference data from this page, but please include a visible link back to this URL. Bulk collection, resale, or redistribution of data from multiple profiles is not permitted.
See our License Agreement for more details.
Where does DitchCarbondata come from?
Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers
Learn moreCurious to see your top suppliers emissions?
Book a demo for a pilot project