SBI Life Insurance Reports on Sustainability and ESG Performance for FY 2025-26

SBI Life Insurance Reports on Sustainability and ESG Performance for FY 2025-26​

SBI Life Insurance Company Limited has released its Business Responsibility and Sustainability Report for the financial year 2025-26, detailing its commitment to responsible growth across various operational, environmental, and social parameters. The report outlines key performance indicators (KPIs), risk mitigation strategies, and progress against sustainability goals.

Operational Snapshot and Financial Scale​

The company operates in the financial and insurance service sector, having a paid-up capital of INR 10.03 billion. As of the reporting period covering April 01, 2025 to March 31, 2026, SBI Life maintains a presence across 35 states and union territories in India, supported by a network of 1,230 offices nationwide.

The organization employs 29,344 individuals, including both permanent employees (27,653) and other than permanent staff (1,691).

Sustainability Performance and Risk Mitigation​

The company’s sustainability focus spans nine key NGRBC principles. The report highlights a dual perspective, identifying significant opportunities alongside material risks across its operations.

Environmental Stewardship:
SBI Life has committed to reducing its environmental footprint through several initiatives, including improving energy efficiency and enhancing water management practices. Key operational metrics include:

• Carbon Emissions: The company achieved a 6% reduction in carbon emissions over FY25.
• Energy Efficiency: Energy intensity per rupee of turnover stood at 8.63\*10-08 GJ/INR for FY 2025-26, down from 9.91\*10-08 GJ/INR in the previous fiscal year.
• Waste Management: Waste intensity was recorded at 6.43\*10-11 MT/INR, showing a decrease compared to the prior year's rate of 8.87\*10-11 MT/INR.

Risk and Opportunity Assessment:
The company identifies several areas for risk mitigation, including governance failures, data privacy concerns, business continuity risks, and environmental impact due to climate change. Conversely, it highlights opportunities in customer service satisfaction and financial inclusion through its products.

A breakdown of the material ESG issues identified is provided below:

Workforce and Stakeholder Engagement​

The report details the commitment to employee well-being and stakeholder engagement. The company provides a structured grievance redressal mechanism for employees through its 'SAMVAD' portal, which is intended to provide a centralized system for resolving concerns.

Employee Welfare Metrics:
Across 27,653 permanent employees in FY 2025-26:

• 100.00% of male and female permanent employees were covered by health insurance.
• 100.00% of both genders received services for accident insurance.
• A dedicated doctor facility is available at the Corporate Office and Central Processing Centre, with a lady doctor provided for consultation to women employees.

Stakeholder Engagement:
The company actively engages with multiple stakeholder groups:

• Customers receive daily engagement through various channels (branch offices, call center, website).
• Distributors are engaged daily via personalized meetings and communication.
• NGOs and local communities are engaged based on need to understand grassroots requirements for CSR initiatives.

Corporate Social Responsibility (CSR) Focus​

The company's CSR activities focus heavily on community development, livelihood enhancement, and environmental conservation, often through partnerships with NGOs.

In FY 2025-26, the company supported various projects across India, including:

• Providing economic empowerment for women, benefiting 4,500 individuals in one project.
• Supporting holistic education and development for slum children (benefitting 473).
• Implementing livelihood interventions for farmers.

The focus on financial inclusion is evident in the launch of microinsurance products and increased market reach through various offerings. As of March 31, 2026, a total of 52.30 million lives were covered under PMJJBY, with 4.69 million individuals covered under microinsurance.

Value Chain Assessment Findings​

The company conducted an ESG assessment of its value chain partners, covering up to the top 75% of upstream and downstream activities, involving a total of 45 partners (9 upstream and 36 downstream).

Key findings from this assessment include:

• Highest disclosure was recorded for Green-house Gas (GHG) Footprint at 99.39%.
• The lowest area of disclosure identified was Openness of Business, at 56.10%.

Governance and Oversight​

The implementation and oversight of the Business Responsibility policy are managed by a dedicated Stakeholders Relationship & Sustainability Committee, with ultimate responsibility resting with Mr Amit Jhingran, Managing Director & CEO. The company has established an anti-bribery and anti-corruption policy that applies to all business activities, extending to directors, employees, agents, and third-party partners.

Resources for Continued Compliance​

The Business Responsibility and Sustainability Report is available on the Company’s website. Independent verification of the report was conducted by S K Patodia & Associates LLP.

SBILIFE Stock Price Movement​

On Thursday, SBI Life Insurance Company Limited shares edged higher to settle at ₹1853.50, having gained 2.89% in trading. The stock saw a total volume of 912,075 shares during the session.