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 48 is higher than 96% 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 742,732,000 kg CO2e, with emissions distributed across various scopes: 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 represents a significant reduction from previous years, as total emissions were about 1,283,216,000 kg CO2e in 2022 and 1,305,510,000 kg CO2e in 2021. The bank's emissions profile shows a consistent focus on reducing Scope 1 and Scope 2 emissions, which are primarily associated with direct operations and energy consumption. For instance, Scope 1 emissions decreased from 553,000 kg CO2e in 2021 to 217,272,000 kg CO2e in 2023, indicating a proactive approach to minimising direct emissions. Despite these reductions, State Bank has not publicly committed to specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. This lack of formal targets suggests that while the bank is making strides in reducing its carbon footprint, there is potential for further commitment to structured climate action and transparency in its sustainability efforts. Overall, State Bank's emissions data reflects a positive trend towards lower carbon emissions, aligning with global efforts to combat climate change, although further commitments could enhance its sustainability profile.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 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.
