Ceylinco Holdings PLC

Ceylinco Holdings PLC, based in Sri Lanka and operating within the insurance and pension funding services industry, has reported its carbon emissions data for the past few years.

For the reporting year 2024, the company's total greenhouse gas emissions were approximately 2,863,140 kg CO2e. This figure is comprised of Scope 1 emissions totalling approximately 247,740 kg CO2e, Scope 2 emissions (purchased electricity) at approximately 616,220 kg CO2e, and Scope 3 emissions amounting to approximately 1,999,180 kg CO2e.

In 2023, Ceylinco Holdings PLC reported total emissions of approximately 3,088,630 kg CO2e. This included Scope 1 emissions of about 320,270 kg CO2e, Scope 2 emissions of around 634,140 kg CO2e, and Scope 3 emissions of approximately 2,134,220 kg CO2e.

Earlier, in 2022, the company's total emissions were approximately 3,406,000 kg CO2e, with Scope 1 emissions at approximately 380,000 kg CO2e, Scope 2 emissions at about 789,000 kg CO2e, and Scope 3 emissions at approximately 2,148,000 kg CO2e. In 2021, total emissions were approximately 4,105,000 kg CO2e, including Scope 1 at about 591,000 kg CO2e, Scope 2 at around 952,000 kg CO2e, and Scope 3 at approximately 2,457,000 kg CO2e.

Ceylinco Holdings PLC has established climate commitments and is actively working towards reducing its environmental impact. The company is working towards an annual reduction of between 5% to 10% for its Scope 1 and Scope 2 emissions, with a near-term target timeframe extending to 2030. Additionally, there is a stated aim to reduce operational emissions by 30% from a 2020 baseline by 2030. Ceylinco Life has also indicated an ambition to achieve carbon-neutral status, working towards this by 2025. Demonstrating progress, the company achieved a 7.3% reduction in total GHG emissions from 2023 to 2024, with specific reductions seen in Scope 1 (22.6%) and Scope 2 (2.8%) emissions during this period.