SBI Chennai Local Head Office Achieves IGBC Near Net Zero Energy Certification
Chennai, October 1, 2026: State Bank of India’s Local Head Office in Chennai has achieved the IGBC Near Net Zero Energy (Operations) certification, setting a new benchmark for sustainable financial infrastructure in the country. The achievement was formally highlighted by the Indian Green Building Council (IGBC) and SBI during the IGBC Green Tamil Nadu Summit 2026.
The facility achieved an Energy Performance Index of 130 kWh/sq.m/year, significantly lower than the baseline of 137 kWh/sq.m/year. Through a combination of onsite rooftop solar PV and offsite wind power procured via the Open Access mechanism, the project offsets 85.4% of its annual energy consumption. SBI has reached a milestone with 285 IGBC-registered projects and 103 IGBC-certified Green and Net Zero projects nationwide. Senior officials, including B Ramalingam, Assistant General Manager (Premises & Estates), and M Mariappan, Assistant General Manager, Electrical, represented the bank at the event.
Senior SBI officials stated, “The IGBC Near Net Zero Energy (Operations) certification for our Chennai’s Local Head Office is a significant milestone in our sustainability journey. The building currently offsets an impressive 85.4% of its annual energy consumption through a combination of onsite rooftop solar power and offsite renewable energy procured through the Open Access mechanism. This achievement reflects our Bank’s continued focus on improving energy efficiency and accelerating the transition towards renewable energy across our operations.”
The bank noted that the milestone aligns with its vision of achieving Net Zero in Scope 1 and Scope 2 emissions by 2030 and transitioning toward Net Zero across Scope 1, 2, and 3 by 2055.
UnniKrishnan AR, National Vice-Chairman of CII─Indian Green Building Council, said, “India’s Net Zero transition will require action across every sector of the industry, and the financial services sector has a particularly important role to play. SBI’s Chennai Local Head Office demonstrates how large institutional buildings can move beyond conventional energy-efficiency measures towards a more comprehensive Net Zero Energy approach. The achievement is an important example for other financial institutions and large commercial establishments looking to reduce operational energy consumption and accelerate the adoption of renewable energy.”
