State Bank of India Achieves 7.5% Domestic Gross Advances to be Green by 2030, Targets Net Zero by 2055

State Bank of India (SBI), the largest and oldest public sector Bank in India, has committed to driving economic progress while ensuring that the benefits of development reach every corner of society. SBI's focus areas include sustainability, resilience, and empowering the poor, youth, farmers, and women in India. SBI aims to achieve at least 7.5% domestic gross advances to be green by 2030 and targets Net Zero (Scope 1,2 and 3) by 2055. The bank has a roadmap in place for achieving carbon neutrality in internal operations (Scope 1 & 2) by 2030. SBI has also developed products and services which have positive environmental and social impact, and prioritizes financing renewable energy, clean technologies, and sustainable agricultural practices.