SBI plans to raise green advances share up to 10% by 2030, launches centre for sunrise sectors

Core Insights - State Bank of India (SBI) aims to increase the share of green advances in its loan portfolio to 7.5–10 percent by 2030 as part of its commitment to sustainable financing and low-carbon growth [6] - SBI's green advances portfolio was reported at 1.56 percent of total advances as of March 31, 2025, with 25 percent of these green advances to be funded through dedicated green lines of credit [4][6] - The bank launched CHAKRA, a Centre of Excellence focused on financing sectors like renewable energy, electric mobility, and green hydrogen, to accelerate investments aligned with India's green transition [4][6] Sustainability Initiatives - SBI hosted the sixth edition of the SBI Green Marathon, themed "Run For A Greener India," which saw participation from over 10,000 runners across various distances in Mumbai [4][5] - The Green Marathon initiative, launched in 2018, has evolved into a nationwide effort aligned with India's Mission LiFE, promoting environmentally responsible behavior among citizens [5][6] - SBI's Managing Director emphasized the importance of sustainability and collective climate action, with a commitment to achieving carbon neutrality in operations by 2030 and Net Zero emissions by 2055 [5][6]