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 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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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 emissions across all three scopes: - **Scope 1** emissions amounted to about 402,600 kg CO2e, primarily from direct operations. - **Scope 2** emissions, related to energy consumption, totalled approximately 1,051,110 kg CO2e. - **Scope 3** emissions, which encompass indirect emissions from the value chain, were significant at around 1,930,290 kg CO2e. Notable contributors to Scope 3 emissions included purchased goods and services (approximately 830,150 kg CO2e) and employee commuting (about 288,060 kg CO2e). Despite the substantial emissions reported, Lanka Credit and Business Finance PLC has not disclosed any specific reduction targets or initiatives aimed at mitigating their carbon footprint. The absence of formal climate pledges or science-based targets indicates a potential area for improvement in their sustainability strategy. As the financial sector increasingly prioritises climate commitments, the company may benefit from establishing clear goals to enhance its environmental performance and align with industry standards.
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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 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.
