JIMS 8M The Journal Of Indian Management And Strategy

Web of Science
  • Year: 2026
  • Volume: 31
  • Issue: 1

State Bank of India's ESG Leadership: Pioneering Sustainable Banking in India

1Assistant Professor, University Business School, Guru Nanak Dev University, Amritsar

Online published on 13 March, 2026.

Abstract

Sustainability in banking has emerged as a critical aspect of responsible nance, with leading institutions incorporating ESG (environmental, social, and governance) concepts into their main plans. The biggest lender in the nation, State Bank of India (SBI), has been at the forefront of sustainable banking, aligning its operations with global and national climate goals. This case study explores SBI's sustainability initiatives, including the establishment of the ESG & Climate Finance Unit, green nancing mechanisms, operational sustainability measures, and community engagement programs. By examining SBI's journey towards achieving net-zero emissions and its commitment to sustainable development, this case study provides insights into how nancial institutions can drive meaningful environmental impact while ensuring business growth.

Keywords

Environmental, Social and Governance (ESG), Sustainable Banking, Green Finance, Public Sector Banks, Financial Inclusion, G21, Q56, G28, O16, Q01