State Bank Of India
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. Operating in the banking and financial services industry, SBI offers a diverse range of products and services, including retail banking, corporate banking, and investment solutions. Its unique offerings, such as the YONO app, enhance customer experience by integrating banking with lifestyle services. With a robust market position, SBI has consistently been recognised for its financial strength and innovation, making it a trusted choice for millions of customers. The bank's commitment to digital transformation and financial inclusion further solidifies its status as a cornerstone of India's banking landscape.
DitchCarbon Score
How does State Bank Of India'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 Of India's score of 54 is higher than 75% 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 Of India's reported carbon emissions
In 2024, the State Bank of India (SBI) reported total carbon emissions of approximately 622,670,000 kg CO2e from Scope 2, 147,240,000 kg CO2e from Scope 1, and 41,500,000 kg CO2e from Scope 3. This marks a significant reduction from 2023, where emissions were approximately 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. SBI has set ambitious climate commitments, aiming to achieve carbon neutrality in both Scope 1 and Scope 2 emissions by 2030. This initiative is part of their broader strategy to promote energy conservation and transition to green energy sources, with efforts commencing in 2023. The bank's emissions data is independently reported and does not cascade from any parent organisation. SBI's commitment to reducing its environmental footprint reflects its proactive stance in addressing climate change within the banking sector.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 390,000 | 000,000 | 000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 1,066,386,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 192,459,000 | 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 Of India 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.
