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 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.
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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.
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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.
