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Public Profile
Financial Intermediation
LK
updated 25 days ago

LB Finance Sustainability Profile

Company website

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.

27

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

LB Finance's score of 27 is lower than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.

49%

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LB Finance's reported carbon emissions

In 2025, LB Finance reported total carbon emissions of approximately 36,934,070 kg CO2e, with Scope 1 emissions at about 2,711,020 kg CO2e, Scope 2 emissions at approximately 2,241,450 kg CO2e, and significant Scope 3 emissions of around 31,981,600 kg CO2e. The Scope 3 emissions primarily stem from investments (about 27,245,120 kg CO2e) and employee commuting (approximately 3,927,380 kg CO2e). LB Finance 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 plan to minimise Scope 3 emissions across their entire value chain within the same timeframe. The company has an interim goal of achieving climate-positive operations for Scope 1 and 2 emissions before 2040. The emissions data is cascaded from LB Finance PLC, reflecting their commitment to sustainability and climate action as a current subsidiary. The organisation is also committed to green lending practices, encouraging customers to opt for hybrid or zero-emission vehicles, further demonstrating their dedication to reducing environmental impact.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

202020242025
Scope 1
-
000,000
0,000,000
Scope 2
2,128,000
0,000,000
0,000,000
Scope 3
838,000
0,000,000
00,000,000

How Carbon Intensive is LB Finance's Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. LB Finance'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 LB Finance'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 LB Finance is in LK, which has a medium grid carbon intensity relative to other regions.

LB Finance's Scope 3 Categories Breakdown

LB Finance's Scope 3 emissions, which increased significantly last year and increased significantly since 2020, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Investments" being the largest emissions source at 85% of Scope 3 emissions.

Top Scope 3 Categories

2025
Investments
85%
Employee Commuting
12%
Purchased Goods and Services
4%
Fuel and Energy Related Activities
3%
Capital Goods
1%
Business Travel
<1%
Waste Generated in Operations
<1%

LB Finance'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.

LB Finance has established climate goals through participation in recognized frameworks and target-setting initiatives. 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 LB Finance's Emissions with Industry Peers

Abans Finance PLC

LK
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 16 days ago

Nation Lanka Finance PLC

LK
•
Real estate services (70)
Updated 4 days ago

Commercial Credit and Finance PLC

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

Associated Motor Finance Company PLC

LK
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 15 days ago

Softlogic Finance PLC

LK
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 21 days ago

Icici Bank

IN
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 10 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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