The Bank of Ceylon (BOC), established in 1939, stands as a cornerstone of Sri Lanka's financial intermediation services, headquartered in Colombo, LK. With a rich history spanning over eight decades, BOC has evolved into a leading provider of banking solutions, catering to both individual and corporate clients across the island and beyond.
Specialising in a wide array of financial services, including personal banking, corporate finance, and international trade, BOC distinguishes itself through its commitment to customer-centric solutions and innovative banking technologies. The bank has achieved significant milestones, including being the first bank in Sri Lanka to introduce online banking services.
Recognised for its robust market position, BOC continues to play a pivotal role in the economic development of Sri Lanka, consistently earning accolades for its service excellence and financial stability.
-13 vs industry average
Bank of Ceylon’s score of 24 is lower than 29% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Bank of Ceylon's reported carbon emissions
Bank of Ceylon's carbon footprint data shows varying levels of disclosure across scopes and years. In 2023, only Scope 3 emissions were reported, specifically employee commute, amounting to approximately 1.2 million kg CO2e.
For 2022, Bank of Ceylon reported a total of approximately 27.3 million kg CO2e. This breakdown includes Scope 1 emissions of about 4.5 million kg CO2e, Scope 2 emissions of approximately 13.4 million kg CO2e, and Scope 3 emissions of around 8.2 million kg CO2e.
In 2020, the bank disclosed Scope 1 emissions totalling approximately 2.2 million kg CO2e, Scope 2 emissions of about 9.3 million kg CO2e, and Scope 3 emissions of approximately 5.3 million kg CO2e. Prior to this, in 2019, reported emissions were limited to Scope 1 and Scope 2, with Scope 1 at approximately 3.1 million kg CO2e and Scope 2 at about 12.7 million kg CO2e.
The provided information does not contain specific reduction targets or commitments from Bank of Ceylon for greenhouse gas emissions. However, the bank does acknowledge climate-related initiatives, as indicated by its inclusion in a document referencing ESG reporting. The financial intermediation services (except insurance and pension funding) sector in Sri Lanka is increasingly focused on integrating sustainability into its operations.
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Bank of Ceylon’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Bank of Ceylon yet.
Scope 3 top emissions categories
1 of 15 categories disclosedSee all scope 3 categories
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Emissions comparison with industry peers
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Bank of Ceylon
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