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 higher than 52% 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 (Scope 1) and indirect (Scope 2) emissions by 40% by 2030, compared to 2020 levels. Additionally, they plan to minimise indirect (Scope 3) emissions across their entire value chain over the same period. For the year 2022, LB Finance disclosed per working day emissions of about 14,090 kg CO2e and per outlet emissions of approximately 18,130 kg CO2e, although specific total emissions data for that year was not provided. The company has also committed to achieving climate-positive operations for Scope 1 and 2 emissions before 2040. LB Finance is a current subsidiary of LB Finance PLC, and their sustainability initiatives are aligned with industry standards, reflecting a commitment to reducing their environmental impact through practices such as promoting green lending for hybrid and zero-emission vehicles. The company is also committed to net-zero emissions, with ongoing efforts to enhance their sustainability practices.
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.
