Ceylinco Holdings PLC Sustainability Profile
Ceylinco Holdings PLC, a prominent player in the Sri Lankan financial services sector, is headquartered in Colombo, LK. Established in 1939, the company has evolved into a diversified conglomerate, primarily operating in insurance, finance, and real estate. With a rich history marked by significant milestones, Ceylinco Holdings has built a reputation for innovation and customer-centric solutions. The company offers a range of core products and services, including life and general insurance, leasing, and property development, distinguished by their commitment to quality and reliability. Ceylinco Holdings has consistently maintained a strong market position, recognised for its financial strength and extensive network. As a leader in the industry, the company continues to set benchmarks in service excellence and corporate responsibility.
DitchCarbon Score
How does Ceylinco Holdings PLC'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 Insurance Services 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
Ceylinco Holdings PLC's score of 70 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ceylinco Holdings PLC's reported carbon emissions
In 2024, Ceylinco Holdings PLC reported total carbon emissions of approximately 2,863,140 kg CO2e, marking a 7.3% reduction from 3,088,630 kg CO2e in 2023. The emissions breakdown includes 247,740 kg CO2e from Scope 1 (direct emissions), 616,220 kg CO2e from Scope 2 (indirect emissions from purchased electricity), and 1,999,180 kg CO2e from Scope 3 (other indirect emissions). Ceylinco Holdings has set ambitious climate commitments, aiming for an annual reduction of 5% to 10% in both Scope 1 and Scope 2 emissions from 2023 to 2030. Notably, the company achieved a significant 22.6% reduction in Scope 1 emissions and a 2.8% reduction in Scope 2 emissions from 2023 to 2024. The organisation's sustainability journey began in 2021, with a focus on measuring its carbon footprint and working towards carbon neutrality. Ceylinco Holdings aims to reduce its operational emissions by 30% from a 2020 baseline by 2030, demonstrating a proactive approach to mitigating its environmental impact.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 591,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 952,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 2,457,000 | 0,000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Ceylinco Holdings PLC's Industry?
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Ceylinco Holdings PLC's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Ceylinco Holdings PLC has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
