State Bank Of India Sustainability Profile

In 2023, the State Bank of India reported total carbon emissions of approximately 226,000,000 kg CO2e. This figure includes Scope 1 emissions of about 7,436,110 kg CO2e, which encompasses direct emissions from owned or controlled sources, and Scope 2 emissions of approximately 201,192,570 kg CO2e, representing indirect emissions from the generation of purchased electricity. Additionally, the bank's Scope 3 emissions were around 54,745,690 kg CO2e, which cover all other indirect emissions that occur in the value chain. Comparatively, in 2022, the bank's total emissions were approximately 265,000,000 kg CO2e, with Scope 1 emissions at about 11,717,340 kg CO2e, Scope 2 emissions at approximately 163,552,000 kg CO2e, and Scope 3 emissions at around 46,482,910 kg CO2e. This indicates a reduction in total emissions from 2022 to 2023. Despite these figures, the State Bank of India has not publicly committed to specific reduction targets or initiatives, as there are no documented reduction targets or climate pledges available. The bank's emissions data is not cascaded from any parent organisation, indicating that the reported figures are solely from its own operations. Overall, while the State Bank of India has made strides in reducing its carbon footprint, further commitments and initiatives may be necessary to align with global climate goals.