LB Finance Sustainability Profile
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 33 is higher than 53% 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 2025, LB Finance reported total carbon emissions of approximately 36.9 million kg CO2e, comprising 2,711,020 kg CO2e from Scope 1, 2,241,450 kg CO2e from Scope 2, and 31,981,600 kg CO2e from Scope 3 emissions. This data reflects a comprehensive assessment of their carbon footprint across direct and indirect emissions. The company has set ambitious targets to reduce its carbon emissions. Specifically, LB Finance aims to achieve a 40% reduction in absolute Scope 1 and Scope 2 emissions by 2030, compared to 2020 levels. Additionally, they are committed to minimising Scope 3 emissions across their entire value chain within the same timeframe. Furthermore, LB Finance has an interim goal of achieving climate-positive operations for Scope 1 and Scope 2 emissions before 2040. As a current subsidiary of LB Finance PLC, the emissions data and climate commitments are cascaded from the parent organisation. The company is also committed to green lending practices, encouraging customers to invest in hybrid or zero-emission vehicles, further demonstrating its dedication to reducing environmental impact. Overall, LB Finance's climate commitments and emissions data highlight a proactive approach to sustainability, aligning with industry standards and expectations for financial institutions in Sri Lanka.
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| 2020 | 2024 | 2025 | |
|---|---|---|---|
| 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?
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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.
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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.
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Frequently Asked Questions
Common questions about LB Finance's sustainability data and climate commitments
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