SBI Cards Achieves 80.2 ESG Score, Up from 79.7
SBI Cards and Payment Services Limited (SBICARD) has been assigned an ESG Score of 80.2 by SES ESG Research for FY 2025-26, an improvement from 79.7 in FY 2024-25. The score reflects better Environmental and Governance performance, with stable Social performance. Key improvements noted in energy efficiency, renewable energy use, and waste recovery.
An improved ESG score can positively influence investor sentiment and potentially attract ESG-focused investments. While not directly impacting immediate financial performance, it contributes to long-term sustainability and corporate reputation.
The company's ESG score has improved year-on-year, indicating positive progress in its environmental and governance practices, which is generally viewed favorably by investors and stakeholders.
SBI Cards and Payment Services Limited (SBICARD) has received an Environmental, Social, and Governance (ESG) Score of 80.2 from SES ESG Research Private Limited, an SEBI Registered ESG Rating Provider. This score, based on data for FY 2025-26, represents an improvement from the previous year's score of 79.7, marking a year-on-year increase of +0.5.
The ESG score reflects advancements in Environmental and Governance performance, while Social performance remained largely stable. Key improvements in the Environmental pillar are attributed to reduced non-renewable energy consumption, lower Scope 1 and Scope 2 emissions, increased renewable energy usage, and approximately 93% waste recovery. However, an increase in Scope 3 emissions and waste intensity exceeding the industry benchmark moderated the score.
The Social pillar faced constraints due to the non-coverage of 87% of the workforce for skill development and Health & Safety training, a significant gender pay gap, limited disclosure on benefits for non-permanent employees, two reported sexual harassment complaints, and over one lakh customer complaints. These were partially offset by 39.3% representation of women in the workforce, zero work-related fatalities, and no data breaches.
In the Governance pillar, improvements were driven by greater Board diversity, ESG-linked remuneration, absence of regulatory penalties, and zero bribery cases. Areas moderating the score included SES concerns regarding prolonged director associations and non-disclosure of Independent Directors' fees.
The company has also uploaded this information on its website, www.sbicard.com.
A plain-language summary of a public exchange filing by SBI Cards and Payment Services Limited. Read the original for the full detail.
