Lanka Credit and Business Finance PLC
Lanka Credit and Business Finance PLC, commonly referred to as LCB Finance, is a prominent financial institution headquartered in Colombo, Sri Lanka. Established in 2001, the company has made significant strides in the finance sector, focusing on providing innovative financial solutions across the island. Operating primarily in the non-banking financial services industry, LCB Finance offers a diverse range of products, including leasing, hire purchase, and personal loans, tailored to meet the unique needs of its clients. The company is recognised for its customer-centric approach and competitive interest rates, positioning itself as a trusted partner for individuals and businesses alike. With a strong market presence and a commitment to excellence, Lanka Credit and Business Finance PLC continues to achieve notable milestones, solidifying its reputation as a leader in the financial services landscape of Sri Lanka.
DitchCarbon Score
How does Lanka Credit and 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
Lanka Credit and 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.
Lanka Credit and Business Finance PLC's reported carbon emissions
In 2021, Lanka Credit and Business Finance PLC reported total carbon emissions of approximately 2,530,000 kg CO2e. This figure includes Scope 1 emissions of about 402,600 kg CO2e, Scope 2 emissions of approximately 1,051,110 kg CO2e, and significant Scope 3 emissions totalling around 1,930,290 kg CO2e. Within Scope 3, notable contributors include purchased goods and services at about 830,150 kg CO2e and employee commuting at approximately 288,060 kg CO2e. Currently, Lanka Credit and Business Finance PLC has not established specific reduction targets or climate pledges. However, the company is aware of its carbon footprint and the importance of addressing climate change within the finance sector. As the industry increasingly focuses on sustainability, it is anticipated that the company may develop strategies to mitigate its emissions in the future.
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| 2021 | |
|---|---|
| Scope 1 | 402,600 |
| Scope 2 | 1,051,110 |
| Scope 3 | 1,930,290 |
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.
Lanka Credit and 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.
