SBI Cards ESG Score Improves to 80.2, Up 0.5 YoY
SBI Cards and Payment Services Ltd has received an improved ESG (Environmental, Social, and Governance) score of 80.2 for FY 2025-26, a 0.5 point increase from 79.7 in FY 2024-25. The rating was assigned by SES ESG Research Private Limited. The improvement is attributed to enhanced Environmental and Governance performance, while Social performance remained stable. Key drivers include reduced non-renewable energy consumption, increased renewable energy usage, and improved waste recovery. Governance saw gains from board diversity and ESG-linked remuneration. However, the score was moderated by factors like Scope 3 emissions, waste intensity, workforce skill development coverage, gender pay gap, customer complaints, and director association concerns. The company's ESG score is now higher than the industry median.
Key Highlights
- SBI Cards' ESG score rose to 80.2 in FY26 from 79.7 in FY25.
- Environmental and Governance pillars drove the score improvement.
- Social performance remained stable, with areas for improvement noted.
- The company's ESG score surpasses the industry median.
- SES ESG Research assigned the rating based on FY25-26 data.
Price Impact
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