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 97% 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 622,670,000 kg CO2e from Scope 2 and 147,240,000 kg CO2e from Scope 1, with Scope 3 emissions at about 41,500,000 kg CO2e. This marks a significant reduction in emissions compared to previous years, reflecting a commitment to sustainability. In 2023, the bank's total emissions were around 742,732,000 kg CO2e for Scope 2, 217,272,000 kg CO2e for Scope 1, and 46,299,000 kg CO2e for Scope 3. The trend shows a decrease in total emissions from 2022, where emissions were approximately 1,283,216,000 kg CO2e, with Scope 1 at 547,000 kg CO2e, Scope 2 at 1,144,641,000 kg CO2e, and Scope 3 at 140,044,000 kg CO2e. The bank has not specified any formal reduction targets or climate pledges, indicating a potential area for future commitment. However, the consistent reduction in emissions over the years suggests an ongoing effort to improve their environmental impact.
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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.
