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 22 is lower than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Citizens Development Business Finance PLC's reported carbon emissions
In 2021, Citizens Development Business Finance PLC reported total carbon emissions of approximately 2,830,860 kg CO2e. This figure includes Scope 1 emissions of about 402,600 kg CO2e, primarily from mobile combustion (53,650 kg CO2e) and fugitive emissions (51,690 kg CO2e). Scope 2 emissions, resulting from purchased electricity, accounted for approximately 1,051,110 kg CO2e. The company also reported significant Scope 3 emissions, totalling about 830,150 kg CO2e, with the majority stemming from employee commuting (830,150 kg CO2e) and purchased goods and services (830,150 kg CO2e). In 2020, the company’s emissions were higher, with total emissions of approximately 2,041,390 kg CO2e, comprising Scope 1 emissions of about 459,970 kg CO2e, Scope 2 emissions of approximately 1,388,400 kg CO2e, and Scope 3 emissions of about 1,410,950 kg CO2e. Despite these figures, Citizens Development Business Finance PLC has not publicly disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented climate pledges or science-based targets indicates a potential area for future commitment to sustainability and emissions reduction.
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| 2020 | 2021 | |
|---|---|---|
| Scope 1 | 459,970 | 000,000 |
| Scope 2 | 1,388,400 | 0,000,000 |
| Scope 3 | 1,410,950 | 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.
Citizens Development Business Finance PLC is not committed to any reduction initiatives 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.
