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 31 is higher than 56% 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 totalled approximately 47,824,000 kg CO2e. CDB has set ambitious climate commitments, aiming for net-zero emissions in its operations by 2030. This target applies to both Scope 1 and Scope 2 emissions, with a roadmap established to achieve this goal starting from 2023. The company is actively working towards reducing its carbon footprint and enhancing sustainability practices within its operations. In previous years, CDB's emissions were notably lower, with 2021 figures showing total emissions of approximately 2,237,760 kg CO2e, comprising 402,600 kg CO2e from Scope 1, 1,051,110 kg CO2e from Scope 2, and 830,150 kg CO2e from Scope 3. The company has demonstrated a commitment to transparency by disclosing emissions data across all three scopes. CDB's proactive approach to climate action reflects its dedication to environmental sustainability and aligns with industry standards for reducing greenhouse gas emissions.
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| 2021 | 2024 | 2025 | |
|---|---|---|---|
| Scope 1 | 402,600 | 0,000,000 | 0,000,000 |
| Scope 2 | 1,051,110 | 000,000 | 000,000 |
| Scope 3 | 830,150 | 00,000,000 | 00,000,000 |
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 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.
