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Financial Intermediation
LK
updated 3 months ago

DFCC Bank PLC Sustainability Profile

Company website

DFCC Bank PLC, headquartered in Sri Lanka, is a leading financial institution renowned for its comprehensive banking solutions. Established in 1955, the bank has evolved significantly, marking key milestones in the Sri Lankan banking sector. With a strong presence across major operational regions, DFCC Bank primarily focuses on commercial banking, investment banking, and leasing services. The bank offers a diverse range of core products, including personal loans, business financing, and innovative digital banking solutions, setting itself apart with a commitment to customer-centric service. DFCC Bank has garnered a solid market position, recognised for its robust financial performance and contributions to sustainable development in Sri Lanka. As a pioneer in the industry, DFCC Bank continues to uphold its reputation for excellence and reliability in the financial landscape.

DitchCarbon Score

How does DFCC Bank 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.

20

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.

29

Industry Benchmark

DFCC Bank PLC's score of 20 is lower than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.

28%

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DFCC Bank PLC's reported carbon emissions

In 2022, DFCC Bank PLC reported total carbon emissions of approximately 7,752,610 kg CO2e. This figure includes Scope 1 emissions of about 628,420 kg CO2e, Scope 2 emissions of approximately 4,622,800 kg CO2e, and Scope 3 emissions totalling around 2,501,390 kg CO2e. Comparatively, in 2018, the bank's emissions were significantly lower, with total emissions of about 2,823,660 kg CO2e, comprising 202,270 kg CO2e from Scope 1, 1,265,600 kg CO2e from Scope 2, and 2,283,790 kg CO2e from Scope 3. In 2015, the total emissions were approximately 2,215,300 kg CO2e, with Scope 1 at 215,200 kg CO2e, Scope 2 at 988,200 kg CO2e, and Scope 3 at 1,475,900 kg CO2e. Despite the increase in emissions in 2022, DFCC Bank PLC has not set specific reduction targets or climate pledges, indicating a potential area for improvement in their climate strategy. The emissions data is not cascaded from any parent organization, and all figures are directly reported by DFCC Bank PLC.

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201520182022
Scope 1
215,200
000,000
000,000
Scope 2
988,200
0,000,000
0,000,000
Scope 3
1,475,900
0,000,000
0,000,000

How Carbon Intensive is DFCC Bank PLC's Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. DFCC Bank PLC's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is DFCC Bank PLC's Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for DFCC Bank PLC is in LK, which has a medium grid carbon intensity relative to other regions.

DFCC Bank 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.

DFCC Bank 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Compare DFCC Bank PLC's Emissions with Industry Peers

Seylan Bank PLC

LK
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 5 days ago

National Development Bank PLC

LK
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 9 days ago

Hatton National Bank

LK
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 6 days ago

Standard Chartered Bank

GB
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 9 days ago

Sampath Bank

LK
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 6 days ago

Barclays PLC

GB
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 3 days ago

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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