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LB Finance
LB Finance PLC, headquartered in Sri Lanka, is a prominent player in the financial services industry, specialising in a diverse range of offerings including leasing, hire purchase, and microfinance solutions. Established in 1971, the company has achieved significant milestones, positioning itself as a trusted financial partner across the nation. With a strong presence in key operational regions, LB Finance is renowned for its innovative products and customer-centric approach. Their unique services, such as flexible loan structures and competitive interest rates, cater to both individual and corporate clients, setting them apart in a competitive market. Recognised for their commitment to excellence, LB Finance has garnered numerous accolades, solidifying its reputation as a leader in the financial sector. The company continues to drive growth and enhance financial accessibility for all Sri Lankans.
DitchCarbon Score
How does LB Finance'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
LB Finance's score of 27 is lower than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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LB Finance's reported carbon emissions
In 2020, LB Finance reported total carbon emissions of approximately 3,110,000 kg CO2e. The company has set ambitious climate commitments, aiming to reduce absolute direct and indirect emissions (Scope 1 and 2) by 40% by 2030 compared to 2020 levels. Additionally, they are committed to achieving climate-positive operations for Scope 1 and 2 emissions before 2040. For the year 2018, LB Finance's emissions were broken down into 182,000 kg CO2e for Scope 1, 2,251,000 kg CO2e for Scope 2, and 790,000 kg CO2e for Scope 3, totalling approximately 3,223,000 kg CO2e. This data indicates a significant reliance on indirect emissions, which the company aims to address through its reduction initiatives. The company has also committed to promoting green lending practices, encouraging customers to purchase hybrid or zero-emission vehicles, which aligns with their broader sustainability goals. LB Finance is a current subsidiary of LB Finance PLC, and its climate targets are cascaded from the parent organization. Overall, LB Finance is actively working towards reducing its carbon footprint and enhancing its sustainability practices in the financial sector.
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.
LB Finance 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.
