Commercial Bank Of Ceylon
Commercial Bank of Ceylon PLC, often referred to as ComBank, is a leading financial institution headquartered in Colombo, Sri Lanka (LK). Established in 1969, it has grown to become one of the largest private banks in the country, with a significant presence in both local and international markets, including Bangladesh. Operating within the banking and financial services industry, ComBank offers a comprehensive range of products and services, including retail banking, corporate banking, and treasury operations. Its unique approach to customer service and innovative digital banking solutions have set it apart in a competitive landscape. With a strong market position, Commercial Bank of Ceylon has received numerous accolades for its performance and commitment to excellence, solidifying its reputation as a trusted financial partner in the region.
DitchCarbon Score
How does Commercial Bank Of Ceylon'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
Commercial Bank Of Ceylon's score of 36 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Commercial Bank Of Ceylon's reported carbon emissions
In 2023, Commercial Bank of Ceylon reported total carbon emissions of approximately 6,431,000 kg CO2e, comprising about 850,000 kg CO2e from Scope 1 emissions and about 5,581,000 kg CO2e from Scope 2 emissions. This reflects a decrease from 2022, where emissions were about 8,496,000 kg CO2e, with Scope 1 at approximately 1,880,000 kg CO2e and Scope 2 at about 6,496,000 kg CO2e. Over the past few years, the bank has shown a trend of fluctuating emissions, with 2021 emissions recorded at about 8,074,000 kg CO2e, including approximately 1,203,000 kg CO2e from Scope 1 and about 7,144,000 kg CO2e from Scope 2. In 2020, emissions were about 9,233,000 kg CO2e, with Scope 1 at approximately 1,079,000 kg CO2e and Scope 2 at about 8,413,000 kg CO2e. Despite these figures, Commercial Bank of Ceylon has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. The bank's emissions data is not cascaded from a parent company, indicating that it operates independently in its reporting and climate commitments. Overall, while the bank has made strides in tracking its emissions, further commitments and reduction strategies may be necessary to align with global climate goals.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 1,305,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 |
| Scope 2 | 12,395,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | - | - | - |
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.
Commercial Bank Of Ceylon is participating in some 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.
