Bank of Ceylon
The Bank of Ceylon (BOC), established in 1939, is a leading financial institution headquartered in Colombo, Sri Lanka (LK). With a robust presence across the island and a growing international footprint, BOC operates in the banking and financial services industry, offering a comprehensive range of products and services. The bank is renowned for its retail banking, corporate banking, and treasury services, distinguished by its commitment to customer-centric solutions and innovative financial products. Over the decades, BOC has achieved significant milestones, including being the first bank in Sri Lanka to introduce online banking services. As a state-owned entity, the Bank of Ceylon holds a prominent market position, recognised for its stability and reliability, making it a trusted choice for individuals and businesses alike.
DitchCarbon Score
How does Bank of Ceylon'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.
Industry Average
Mean score of companies in the 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.
Industry Benchmark
Bank of Ceylon's score of 26 is lower than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bank of Ceylon's reported carbon emissions
In 2022, the Bank of Ceylon reported total carbon emissions of approximately 27,332,700 kg CO2e. This figure includes Scope 1 emissions of about 4,471,600 kg CO2e, Scope 2 emissions of around 13,394,600 kg CO2e, and Scope 3 emissions totalling approximately 8,186,900 kg CO2e. Comparatively, in 2021, the bank's total emissions were about 25,010,500 kg CO2e, indicating a slight increase in emissions year-on-year. The emissions data for 2020 shows a total of approximately 19,800,000 kg CO2e, with Scope 1 at about 2,171,000 kg CO2e, Scope 2 at around 9,333,000 kg CO2e, and Scope 3 at approximately 5,268,000 kg CO2e. Despite these figures, the Bank of Ceylon has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. The bank's emissions data is not cascaded from any parent organisation, indicating that it operates independently in its reporting and climate commitments. Overall, while the Bank of Ceylon has made strides in emissions reporting, it currently lacks defined reduction targets or commitments to mitigate its carbon footprint.
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| 2019 | 2020 | 2022 | |
|---|---|---|---|
| Scope 1 | 3,146,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 12,670,000 | 0,000,000 | 00,000,000 |
| Scope 3 | - | 0,000,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
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.
Bank of Ceylon 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.
