- Climate change poses physical and transitional risks to the Bank’s physical infrastructure and portfolio.
- Evolving regulations and increasing stakeholders’ expectations demand strong corporate governance.
- Cyber security poses risks of financial losses and reputation damage.
State Bank of India
Greenhouse gas emissions & sustainability report data
In its 2023-04 to 2024-03 reporting, State Bank of India disclosed greenhouse gas emissions of 787.3K tCO2e/year (Scope 1 & 2). By scope: Scope 1: 147.2K tCO2e/year; Scope 2: 622.7K tCO2e/year; Scope 3: 41.5K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
787.3K tCO2e/year (Scope 1 & 2)
2023-04 to 2024-03
Water Usage
2.8M m3/year
2023-04 to 2024-03
Waste
36.07 tons/year (e-waste recycled)
2023-04 to 2024-03
📊 Emissions by Scope (2023-04 to 2024-03)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 147.2K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 622.7K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 41.5K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023-04 to 2024-03 | 787.3K tCO2e/year (Scope 1 & 2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 53,394 MTCO2e GHG emissions avoided
- 45 green building certifications by IGBC
- Installation of more than 41 MW captive RE capacity
- 31,787.66 MW capacity of renewable energy financed
🎯 Climate & Sustainability Targets
🔜 Short-term
- Carbon Neutrality in Scope 1 and 2 emissions by 2030
📅 Medium-term
- Attaining green portfolio ratio of 7.5% in domestic advances by 2030
- Facilitate at least 7.5% of domestic gross advances to be Green Advances by 2030
🔭 Long-term
- Net Zero (Scope 1, 2 and 3) by 2055
🌱 ESG Focus Areas
Climate ChangeFinancial InclusionCommunity DevelopmentCorporate GovernanceSustainable Business Strategy