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 37 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
LB Finance's reported carbon emissions
In 2023, LB Finance reported total carbon emissions of approximately 3,480,000 kg CO2e, with Scope 1 emissions at about 346,000 kg CO2e, Scope 2 emissions at approximately 2,115,000 kg CO2e, and Scope 3 emissions at around 1,019,000 kg CO2e. This marked a slight increase from the previous year, where total emissions were about 3,259,000 kg CO2e. Over the years, LB Finance has shown fluctuations in its emissions, with a peak in 2020 at approximately 4,484,000 kg CO2e. The company has not set specific reduction targets or initiatives as part of its climate commitments, indicating a need for further development in its sustainability strategy. The emissions data reflects LB Finance's overall carbon footprint and highlights the importance of addressing climate change within the financial sector. As the company continues to operate in a global context, it is essential for LB Finance to enhance its climate commitments and consider implementing reduction strategies to align with industry standards and expectations.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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 committed to any reduction initiatives 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.
