- Climate change impacts on insurance business.
- Water scarcity.
- High policy surrenders.
- Attrition and recruitment challenges.
- Data privacy and cybersecurity risks.
- Excessive reliance on specific distribution channels.
SBI Life Insurance Company Limited
Greenhouse gas emissions & sustainability report data
In its 2023-04 to 2024-03 reporting, SBI Life Insurance Company Limited disclosed greenhouse gas emissions of 68.2K tCO2e/year. By scope: Scope 1: 2.7K tCO2e/year; Scope 2: 15.3K tCO2e/year; Scope 3: 45.6K 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
68.2K tCO2e/year
2023-04 to 2024-03
Water Usage
8.2K KL/year
2023-04 to 2024-03
Waste
56.543 MT/year
2023-04 to 2024-03
Energy Use
77.3K GJ/year
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). | 2.7K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 15.3K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 45.6K 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 | 68.2K tCO2e/year |
| 2022-04 to 2023-03 | 86.73 tCO2e (Scope 1) + 4,902.24 tCO2e (Scope 2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reused 4,200 liters of water annually.
- Treated an average of 158 KL of water per month at the corporate office.
- Recycled 228 kgs of wet food waste per month.
- Initiated use of renewable energy sources in Bengaluru office.
- 99% of new business policies sourced digitally.
- 96% of renewal premiums collected digitally.
🎯 Climate & Sustainability Targets
📅 Medium-term
- Achieve 10% renewable energy by 2026.
- Reduce carbon emissions by 5% by 2026.
🌱 ESG Focus Areas
Environmental StewardshipSocial ResponsibilityGovernanceFinancial InclusionCustomer SatisfactionEmployee Well-beingResponsible Investment