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 98% 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 789,910,000 kg CO2e, comprising 147,240,000 kg CO2e from Scope 1, 622,670,000 kg CO2e from Scope 2, and 41,500,000 kg CO2e from Scope 3. This represents a significant commitment to reducing their carbon footprint, particularly in Scope 1 and Scope 2 emissions, as the bank aims to achieve carbon neutrality in these areas by 2030. In 2023, the bank's emissions were higher, with total emissions of about 786,000,000 kg CO2e, including 217,272,000 kg CO2e from Scope 1, 742,732,000 kg CO2e from Scope 2, and 46,299,000 kg CO2e from Scope 3. This indicates a slight reduction in emissions from 2023 to 2024. State Bank's climate commitments focus on energy conservation and transitioning to green energy sources, with a clear target set for 2030 to become carbon neutral in both Scope 1 and Scope 2 emissions. The bank's proactive approach reflects its dedication to reducing its environmental impact and aligning with global sustainability goals.
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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.
