SBI Cards and Payment Services Limited has informed the Exchange about ESG Rating
SBICARD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
SBI Cards received an adjusted ESG score of 79.7 from SES ESG Research for FY 2024-25, up 1.4 points from 78.3 in FY 2023-24, placing it in the B+ grade category (medium). The Environmental pillar scored 75.1, Social scored 79.7, and Governance scored 81.3 after industry risk adjustments. Key positives highlighted include a 52% reduction in Scope 2 emissions (surpassing its 50% target ahead of FY 2026-27), renewable energy usage rising from 0% to 2.61%, zero data breaches, zero regulatory penalties, and full BRSR assurance from SGS India. Areas of concern include more than 1 lakh consumer complaints annually over the past three years, a material gender pay gap exceeding 20%, and a governance flag around an AGM notice addendum issued less than the legally required 21-day notice period.
This is a routine ESG rating update showing steady incremental improvement, unlikely to drive short-term stock movement. It may modestly support inclusion in ESG-focused funds and institutional mandates that screen on sustainability metrics.