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 34 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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 850,000 kg CO2e from Scope 1 and 5,581,000 kg CO2e from Scope 2 emissions. This marks a significant reduction from previous years, particularly from 2022, where emissions were about 6,496,000 kg CO2e, indicating a proactive approach to lowering their carbon footprint. Over the years, the bank has demonstrated a commitment to reducing its emissions. In 2021, emissions were approximately 8,743,000 kg CO2e, which decreased to about 7,000,000 kg CO2e in 2022. The bank's emissions have shown a downward trend, with a notable reduction in Scope 1 emissions from 1,883,000 kg CO2e in 2022 to 850,000 kg CO2e in 2023. Despite the absence of specific reduction targets or climate pledges, the bank's ongoing efforts to lower emissions reflect a growing awareness of climate impact and sustainability within the financial sector. The bank's emissions data indicates a commitment to improving energy efficiency and reducing reliance on fossil fuels, aligning with broader industry trends towards sustainability and climate responsibility.
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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 committed to some 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.
