State Bank of India Targets 7.5 to 10 Percent Green Advances by 2030, Launches CHAKRA to Boost Renewable Financing

New Delhi, February 22
State Bank of India has outlined an ambitious roadmap to expand its green financing portfolio, setting a target to raise green advances to between 7.5 percent and 10 percent of its total advances by 2030. Of this, 25 percent is expected to be funded through green lines of credit, reinforcing the bank’s long term sustainability strategy.

Green Advances at 1.56 Percent as of March 2025​

As of March 31, 2025, green advances accounted for 1.56 percent of the bank’s total advances. The new target signals a substantial scaling up of financing for environmentally aligned sectors over the next five years.

The move is positioned as part of the lender’s broader push to support India’s green transition while embedding climate responsibility into its core banking operations.

CHAKRA Launched to Finance Emerging Green Sectors​

To further strengthen its sustainable finance framework, SBI has launched CHAKRA, a Centre of Excellence focused on financing emerging sectors such as renewable energy, electric mobility and green hydrogen.

The initiative is designed to accelerate funding support for next generation clean technologies and infrastructure, aligning banking capital with India’s evolving energy transition priorities.

Sixth Edition of SBI Green Marathon Draws Over 10,000 Participants​

In parallel with its financing goals, the bank hosted the sixth edition of the SBI Green Marathon in Mumbai, reaffirming its commitment to environmental stewardship and responsible banking.

The event, held under the theme Run For A Greener India, attracted over 10,000 participants across 5 km, 10 km and 21 km categories. According to the bank, the marathon channelled the city’s energy into a call for climate responsibility and sustainable living.

Commenting on the initiative, SBI Managing Director Rama Mohan Rao Amara said sustainability is integral to the bank’s purpose and that the Green Marathon reflects its belief that meaningful climate action begins with individual responsibility and grows through collective commitment.

He added that the bank remains focused on financing India’s green transition as it progresses towards carbon neutrality by 2030 and Net Zero by 2055.

Carbon Neutrality by 2030, Net Zero by 2055​

SBI has committed to achieving carbon neutrality in its operations by 2030 and reaching Net Zero emissions by 2055, which marks its centenary year.

Launched in 2018, the SBI Green Marathon has evolved into a nationwide initiative aligned with India’s Mission LiFE vision, encouraging environmentally responsible lifestyles. The sixth season began in Lucknow and covered 17 cities, including Mumbai.

Through its green lending targets, CHAKRA initiative and public engagement campaigns, SBI has positioned itself in alignment with India’s broader vision of building a sustainable, inclusive and resilient future.