Lufax Holding Ltd., a prominent player in the fintech industry, is headquartered in Shanghai, China. Founded in 2011, the company has rapidly evolved to become a leading online wealth management platform, primarily serving individual investors and small businesses across China. Lufax is renowned for its innovative financial services, including peer-to-peer lending, asset management, and insurance products, which distinguish it in a competitive market. With a strong focus on leveraging technology to enhance user experience, Lufax has achieved significant milestones, including its successful IPO in 2020. The company’s commitment to transparency and customer-centric solutions has solidified its market position, making it a trusted name in the financial services sector. As Lufax continues to expand its offerings, it remains dedicated to driving financial inclusion and empowering its clients through tailored financial solutions.
How does Lufax Holding Ltd's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Services Auxiliary to Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Lufax Holding Ltd's score of 30 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Lufax Holding Ltd reported total carbon emissions of approximately 23,510,430 kg CO2e. This figure includes Scope 1 emissions of about 117,630 kg CO2e, Scope 2 emissions of approximately 19,614,020 kg CO2e, and Scope 3 emissions of around 3,778,780 kg CO2e. In 2022, the company recorded total emissions of about 34,165,660 kg CO2e, with Scope 2 emissions constituting approximately 30,635,440 kg CO2e and Scope 3 emissions at around 3,530,220 kg CO2e. The significant reduction from 2022 to 2023 indicates a positive trend in Lufax's emissions management. In 2020, Lufax's emissions were considerably higher, totalling about 99,973,371,580 kg CO2e, with Scope 1 emissions at approximately 70,331,270 kg CO2e and Scope 2 emissions at about 46,810 kg CO2e. The drastic decrease in emissions over the years highlights the company's efforts towards sustainability. Despite the notable reductions, Lufax has not publicly committed to specific reduction targets or initiatives, such as those aligned with the Science Based Targets initiative (SBTi). The absence of formal climate pledges suggests that while emissions have decreased, there may be further opportunities for Lufax to enhance its climate commitments and transparency in future reporting.
Access structured emissions data, company-specific emission factors, and source documents
2020 | 2022 | 2023 | |
---|---|---|---|
Scope 1 | 70,331,270 | - | 000,000 |
Scope 2 | 46,810 | 00,000,000 | 00,000,000 |
Scope 3 | 99,973,371,580 | 0,000,000 | 0,000,000 |
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Lufax Holding Ltd is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.