Citizens Development Business Finance PLC
Citizens Development Business Finance PLC, commonly referred to as CDB, is a leading financial institution headquartered in Sri Lanka. Established in 1995, CDB has made significant strides in the finance sector, particularly in providing innovative financial solutions across the country. With a strong presence in major operational regions, the company focuses on areas such as leasing, hire purchase, and microfinance. CDB distinguishes itself through its customer-centric approach and a diverse range of products tailored to meet the unique needs of individuals and businesses alike. The company has garnered a reputation for reliability and excellence, positioning itself as a key player in the Sri Lankan financial landscape. Notable achievements include consistent growth in market share and recognition for its commitment to sustainable finance practices.
DitchCarbon Score
How does Citizens Development Business Finance 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 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
Citizens Development Business Finance PLC's score of 26 is lower than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Citizens Development Business Finance PLC's reported carbon emissions
In 2025, Citizens Development Business Finance PLC (CDB) reported total carbon emissions of approximately 50,340,000 kg CO2e. This figure includes Scope 1 emissions of about 1,535,000 kg CO2e, Scope 2 emissions of approximately 981,000 kg CO2e, and a significant contribution from Scope 3 emissions, which total around 47,824,000 kg CO2e. CDB is committed to achieving net-zero emissions in its operations by 2030, with specific roadmaps established for both Scope 1 and Scope 2 emissions. This initiative reflects the company's proactive approach to climate action, aiming to reduce its carbon footprint significantly over the next few years. As of 2020, no emissions data was disclosed, indicating a potential gap in reporting or a shift in their emissions tracking strategy. However, the recent commitments and targets suggest a strong focus on sustainability moving forward. CDB's climate commitments are not cascaded from any parent organization, indicating that their emissions data and reduction strategies are independently developed.
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| 2025 | |
|---|---|
| Scope 1 | 1,535,000 |
| Scope 2 | 981,000 |
| Scope 3 | 47,824,000 |
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.
Citizens Development Business Finance PLC 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.
