Natural Capital
Environment First, For Every Future
Why is Natural Capital critical to our sustained growth?
At SBI Life, we believe a sustainable environment is essential to building a future where dreams of every Indian can thrive. Through energy-efficient operations, reduced emissions, responsible resource use and digital-first practices, we are actively minimising our environmental footprint. By aligning with India’s net-zero ambitions, we aim to protect the planet, so that every dream we support has a greener, more resilient tomorrow.
UNSDGs Aligned
Material matters
- M8 - Responsible investment
- M9 - Environmental impact and climate change
- M10 - CSR and community development
Key Initiatives in FY25
- Track and reduce Scope 1, 2 and 3 emissions across all office locations
- Transition to 100% renewable energy at the Corporate Office and Processing Centre
- Integrate ESG aspects into investment strategies to support long-term value creation
- Leverage technology and digital models to drive operational sustainability
- Expand initiatives in energy conservation, waste management and water stewardship
- Invest in green building infrastructure aligned with national net-zero and carbon neutrality goals
- Strengthen the sustainability framework to create long-term environmental impact and resilience
KPIs
9.91*10-08 GJ/₹
Energy Intensity per rupee of turnover
2.05*10-06 GJ/USD
Energy Intensity per rupee of turnover adjusted for PPP
20,492.89 mtCO2e
GHG emissions
8.87*10-11 MT/₹
Waste Intensity per rupee of turnove
1,533 KL
Water recycled
Energy and Emissions Management
Managing energy use and emissions is central to our commitment to building a greener, more resilient future for every Indian. As the world transitions towards cleaner and more sustainable energy, we recognise that reducing our environmental footprint is not just a responsibility — but a strategic imperative. By embracing energy-efficient practices and low-emission operations, we are safeguarding the environment while improving cost-efficiency and strengthening long-term business sustainability.
Key Initiatives Undertaken
Our approach strikes a balance between environmental responsibility and operational efficiency. As part of our transition to sustainable energy practices, we have implemented several forward-looking initiatives:
- LED transformation: Replaced conventional CFL lighting with energy-efficient LED lighting across all operational areas.
- Energy-efficient procurement: Ensuring all-new electrical appliances procured have energy-saving rating.
- Sustainable infrastructure: Seawoods (CPC) premises have been awarded IGBC Gold Certification, recognising green building standards.
- Renewable energy adoption: Owned offices have transitioned to electricity sourced from renewable energy.
- Digital operations: Hybrid work models and virtual client meetings help reduce travel-related energy usage and emissions.
- Emission monitoring and reduction: Systems have been put in place to monitor and manage Scope 1 (direct), Scope 2 (indirect electricity) and Scope 3 (value chain) emissions across all operations.
- Governance: Board-level oversight ensures alignment with national and global climate goals and promotes strategic accountability on emission reduction targets.
Energy and Emission KPIs
2,784.96 GJ
Total Electricity Consumption (Renewable Sources)
84,178.01 GJ
Total Energy Consumption (Renewable + Non Renewable Sources)
3.28 GJ
Energy intensity per employee
2.41*10-8 mtCO2e/₹
GHG emissions intensity per rupee of turnover
7.98*10-01 mtCO2e/employee
Total Scope 1 & Scope 2 emission intensity
Waste management
At SBI Life, we believe that effective waste management is not just about compliance — it’s about protecting the planet for future generations. By adopting sustainable and innovative waste handling practices, we aim to minimise our environmental footprint while conserving resources across our operations. Our waste strategy focuses on reducing waste at the source, encouraging reuse and ensuring responsible disposal to support long-term ecological well-being.
Key Initiatives Undertaken
We continue to embed circular economy principles in our waste management approach, ensuring efficient segregation, recycling and reduction across categories. Key efforts include:
- E-waste and IT equipment recycling We recycled 3,367 kg of e-waste through certified green channels, ensuring zero emissions.
- Organic waste handling and composting At our head office, 879 kg of wet food waste was processed using an on-site eco-composter, converting organic waste into nutrient-rich compost.
- Plastic reduction drive We have completely eliminated single-use plastic across all operations, reinforcing our shift toward sustainable alternatives and resource efficiency.
- Recycling of paper We have empanelled vendors for recycling of paper and cardboard waste.
Waste Recycled/Disposed KPIs
0.14 Metric Tonnes
Plastic Waste
0.88 Metric Tonnes
Wet Waste (Composed)
5.10 Metric Tonnes
Paper & Cardboard Waste Recycled
Water Management
We recognise water as one of our planet’s most precious and increasingly scarce resources. Our commitment to responsible water management goes beyond conservation; it reflects our broader purpose of building a sustainable future for every Indian. Through smart infrastructure and reuse practices, we aim to reduce our water footprint while ensuring efficient utilisation across operations.
Key Initiatives Undertaken
We have embedded sustainability into our water use strategy by focusing on reuse, recycling and replenishment of water resources:
- Rainwater harvesting Our corporate office is equipped with a rainwater harvesting system that captures and reuses rainwater, reducing dependency on external sources and supporting sustainable water consumption.
- Water treatment and reuse In FY25, we treated 1,533 KL of wastewater at the on-site Sewage Treatment Plant (STP) at our corporate premises. The treated water was repurposed for use in cooling towers of the air conditioning system, enhancing water efficiency and reducing wastage.
FY25 Highlights: Water Use
35,723.01 KL
Total water consumed across operations
Digitalisation
We see digitalisation not just as a lever for efficiency but also as a pathway to sustainability. By integrating paperless processes across our operations, we are reducing our environmental footprint while enhancing stakeholder experience and operational agility. From customer onboarding to premium collections, our digital-first approach helps us build a smarter, cleaner and more accessible insurance ecosystem.
Key Digital Sustainability Initiatives
Our digital initiatives have been instrumental in streamlining workflows, reducing paper waste and making interactions more seamless for both customers and partners:
- 100% paperless onboarding of advisors and CIFs
- 99% of new business proposals logged digitally
- 97% of renewal premiums collected through digital platforms
- Digital issuance of renewal premium intimations and receipts, reducing dependency on print communication
Sustainable Supply Chain
We understand that our environmental impact extends beyond our own operations. That’s why we are committed to fostering a supply chain that reflects the same values of responsibility, resilience and sustainability that guide our business. By engaging with partners who align with our ESG standards, we ensure that our commitment to sustainability is embedded throughout our ecosystem.
Key Initiative: Value Chain Assessment
We conducted a comprehensive Value Chain Assessment in FY25 with the objective to:
- Identify ESG-related impacts and dependencies across our operational footprint
- Promote the adoption of sustainable business practices among suppliers and partners
- Ensure that ESG principles are consistently embedded across the entire value chain
Responsible Investment
At SBI Life, we use responsible investment framework to guide investments that align with our ESG values and long-term sustainability goals.
Strategy
The strategy is based on two core areas:
Screening
We are committed to ensuring that every investment we make reflects our values and long-term vision. Our screening framework is designed to assess potential investments through the lens of both financial prudence and environmental, social and governance (ESG) impact. In doing so, we consider key factors such as climate resilience, human rights, labour practices and ethical governance, guided by both national priorities and international ESG frameworks. This approach allows us to align our current and future investments with our purpose of building a responsible and inclusive future for every Indian.
Integration
We believe that integrating ESG considerations into our investment decisions is not just the right thing to do, it’s also good business. By embedding ESG insights into the investment lifecycle, we aim to better understand long-term risks and unlock sustainable opportunities. Whether assessing new investment avenues or managing existing portfolios, we consistently factor in ESG risks and value drivers to deliver resilient outcomes for our stakeholders. This integrated approach positions us to create lasting value while supporting India’s broader sustainability agenda.
Biodiversity
We understand that protecting biodiversity is essential to ensuring the long-term health of our environment and communities. While our business operations have a relatively low direct impact on biodiversity, we continue to take responsible measures to preserve the ecological balance in the areas where we operate.
Key Safeguards and Practices
- We ensure that none of our facilities are located near protected areas, critical habitats or ecologically sensitive zones
- We remain vigilant and regularly evaluate our surroundings to ensure continued compliance with biodiversity-related norms and ecological safety standards
Way forward
- Achieve carbon neutrality across Scope 1, 2 and 3 emissions
- Enhance water recycling and conservation practices
- Reduce absolute Scope 1 and 2 GHG emissions year-on-year
- Conduct climate risk assessments for operations, underwriting and investments
- Maximise e-waste disposal through certified green channels
