SBI, India's largest public sector bank, understands its responsibilities and is committed to creating value for stakeholders while ensuring a sustainable future. The bank's approach combines social, environmental, and economic considerations, in line with its Vision, Mission, and Values.
To support its commitment to Environmental, Social, and Corporate Governance (ESG), SBI has implemented a number of frameworks and policies, including those addressing climate change, renewable energy, sustainability, business accountability, corporate social responsibility, and ethics. This includes:
Finance for Biofuel Projects: SBI provides loans to assist businesses in switching from fossil fuels to biomass.
Sanjeevani: SME Loan for Healthcare Sector: SBI offers specialized loans for healthcare infrastructure, including the manufacture of oxygen-related equipment.
Stree Shakti Entrepreneur Loan: In conjunction with worldwide organizations, SBI provides affordable credit to female entrepreneurs, promoting gender equality and supporting gender equality.
YONO Krishi Safal Dairy Loan: SBI's YONO Krishi Safal Dairy Loan and financing for polyhouse farming projects help to achieve SDG 2: Zero Hunger and SDG 12: Responsible Consumption and Production.
Skill Loan Scheme: SBI's Skill Loan Scheme assists individuals in improving their abilities, and contributing to quality education and opportunities.
Grid-Connected Rooftop Solar PV Projects: SBI finances renewable energy initiatives, including rooftop solar PV and solar photovoltaic pump sets.
Compressed Biogas (CBG) under SATAT Scheme: Compressed biogas (CBG) plant financing and green car loans encourage greener mobility, sustainable cities, and climate action, respectively.
E-Rickshaw Scheme: SBI authorized Rs. 120.6 million for electric rickshaws, encouraging the use of cleaner fuel and encouraging environmentally friendly practices.
Financing Polyhouse: SBI's emphasis on green initiatives such as finance for poly house farming and renewable energy projects to promote good health, zero hunger, climate action, and, sustainable consumption.
SBI actively contributes to the achievement of the United Nations Sustainable Development Goals by offering a wide variety of financial products and activities that promote sustainable development in all areas of the economy.
A CSR Initiative of
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Technology is a useful servant, but a dangerous master, it was rightly said. Electronic devices have grown into an inevitable part of our daily lives.
