State Bank of India (SBI), the nation’s largest lender, has announced an ambitious goal to increase its green advances to between 7.5% and 10% of its total loan portfolio by 2030. To support this, the bank plans to fund 25% of these new green loans through dedicated green lines of credit.
As of March 31, 2025, green loans made up 1.56% of the bank’s total advances.
Strengthening the Green Strategy
To accelerate this growth, SBI has launched CHAKRA, a Centre of Excellence designed to finance “sunrise” sectors. These include:
- Renewable energy
- Electric mobility
- Green hydrogen
By focusing on these areas, SBI aims to play a leading role in India’s transition to a low-carbon economy.
The SBI Green Marathon
On Sunday, the bank hosted the sixth edition of the SBI Green Marathon in Mumbai. The event, themed “Run For A Greener India,” saw more than 10,000 participants competing in 5 km, 10 km, and 21 km categories.
The marathon is part of a 17 city tour that began in Lucknow. It serves as a symbol of the bank’s commitment to environmental stewardship and aligns with India’s Mission LiFE (Lifestyle for Environment), which encourages citizens to adopt sustainable habits.
A Roadmap to Net Zero
SBI Managing Director Rama Mohan Rao Amara emphasized that sustainability is central to the bank’s purpose. He noted that meaningful climate action starts with individuals but succeeds through collective effort.
The bank has set clear milestones for its environmental impact:
- 2030: Achieve carbon neutrality in internal operations.
- 2055: Reach full Net Zero emissions, marking the bank’s centenary year.
Through these initiatives, SBI is aligning itself with national goals to build a more sustainable, inclusive, and resilient India.
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