SBI Card
SBI Card, officially known as State Bank of India Card, is a leading player in the Indian financial services industry, headquartered in Gurugram, Haryana. Established in 1998, SBI Card has rapidly evolved to become one of the largest credit card issuers in India, serving millions of customers across the country. The company offers a diverse range of credit card products tailored to meet various consumer needs, including rewards, travel, and lifestyle cards. What sets SBI Card apart is its strong affiliation with the State Bank of India, providing customers with a trusted brand and extensive banking network. With a commitment to innovation, SBI Card has achieved significant milestones, including the introduction of contactless payment solutions and a robust digital platform. Its market position is reinforced by a growing customer base and a reputation for excellent service, making it a prominent name in the Indian credit card landscape.
DitchCarbon Score
How does SBI Card'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 Services Auxiliary to 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
SBI Card's score of 34 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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SBI Card's reported carbon emissions
In 2024, SBI Card reported total greenhouse gas emissions of approximately 2,580,950 kg CO2e, all of which were classified under Scope 2, indicating emissions from purchased electricity. The company has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 emissions by 50% by 2030, using 2018 as the baseline year. This target has been validated by the Science Based Targets initiative (SBTi) and aligns with the goal of limiting global warming to 1.5°C. In 2023, SBI Card's emissions were also approximately 2,580,950 kg CO2e for Scope 2, alongside significant Scope 3 emissions of about 40,000,465 kg CO2e, which encompass indirect emissions from the value chain. The company has consistently reported Scope 2 emissions over the years, with figures of approximately 2,740,190 kg CO2e in 2022 and 3,264,308 kg CO2e in 2020. SBI Card's commitment to measuring and reducing its Scope 3 emissions further demonstrates its dedication to comprehensive climate action. The company is on track to achieve its near-term targets, reflecting a proactive approach to sustainability in the financial services sector.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - |
| Scope 2 | 5,077,110 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | 00,000,000.00 | 00,000,000.00 | - |
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.
SBI Card is participating in some 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.
