Citizens Development Business Finance PLC Sustainability Profile
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 29 is lower than 52% 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 around 981,000 kg CO2e, and a significant contribution from Scope 3 emissions, which total approximately 47,824,000 kg CO2e. CDB has set ambitious climate commitments, aiming for net-zero emissions in its operations by 2030. This target encompasses both Scope 1 and Scope 2 emissions, with a roadmap established starting in 2023. The company is actively working towards this goal, demonstrating a commitment to reducing its carbon footprint and addressing climate change. As of the latest data, there are no reported emissions for the year 2020, indicating a potential gap in disclosure or data collection for that period. However, CDB's proactive approach to climate action and its clear reduction targets position it as a responsible player in the finance sector, committed to sustainability and environmental stewardship.
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| 2025 | |
|---|---|
| Scope 1 | 1,535,000 |
| Scope 2 | 981,000 |
| Scope 3 | 47,824,000 |
How Carbon Intensive is Citizens Development Business Finance PLC's Industry?
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Citizens Development Business Finance 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.
Citizens Development Business Finance 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.
