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 45 is higher than 93% 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 2024, LB Finance reported total carbon emissions of approximately 3,983,000 kg CO2e, comprising 278,000 kg CO2e from Scope 1, 2,199,000 kg CO2e from Scope 2, and 1,506,000 kg CO2e from Scope 3 emissions. This marks an increase from 2023, where total emissions were about 3,480,000 kg CO2e, with Scope 1 emissions at 346,000 kg CO2e, Scope 2 at 2,115,000 kg CO2e, and Scope 3 at 1,019,000 kg CO2e. LB Finance is committed to reducing its environmental impact through various initiatives. The company has set near-term reduction targets for both Scope 1 and Scope 2 emissions, aiming to enhance its green lending practices by encouraging customers to purchase hybrid or zero-emission vehicles. These initiatives are part of a broader strategy to achieve net-zero emissions, with a focus on reducing emissions from its operations by 2025. Overall, LB Finance's emissions data reflects a proactive approach to climate commitments, with ongoing efforts to mitigate its carbon footprint while promoting sustainable practices within its customer base.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 2,006,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 2,115,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 1,019,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
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 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.
