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 50 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
State Bank's reported carbon emissions
In 2023, State Bank reported total carbon emissions of approximately 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 reflects a significant commitment to transparency in their emissions reporting, covering all three scopes of greenhouse gas emissions. Comparatively, in 2024, the bank's emissions decreased to about 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, indicating a positive trend towards reducing their carbon footprint. Despite these figures, State Bank has not publicly set specific reduction targets or climate pledges, which may limit their ability to align with industry standards for climate action. The bank's emissions intensity per employee has shown variability, with figures such as 4,070 kg CO2e in 2023 and 3,320 kg CO2e in 2024, suggesting ongoing efforts to improve efficiency. Overall, while State Bank has made strides in emissions reporting and reduction, the absence of formal reduction targets may hinder their long-term climate commitments.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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 committed to any reduction initiatives 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.
