Ditchcarbon
  • Contact
  1. Organizations
  2. LOLC Development Finance PLC
Public Profile
Financial Intermediation
LK
updated 8 months ago

LOLC Development Finance PLC Sustainability Profile

Company website

LOLC Development Finance PLC, a prominent player in the financial services sector, is headquartered in Sri Lanka (LK) and operates extensively across the region. Established in 2004, the company has made significant strides in providing innovative financial solutions tailored to the needs of individuals and businesses alike. Specialising in development finance, LOLC offers a diverse range of products, including microfinance, leasing, and personal loans, distinguished by their customer-centric approach and flexible terms. The company has garnered a strong market position, recognised for its commitment to empowering communities and fostering economic growth. With a focus on sustainable development, LOLC Development Finance PLC continues to achieve notable milestones, reinforcing its reputation as a leader in the industry and a trusted partner for financial empowerment in Sri Lanka and beyond.

DitchCarbon Score

How does LOLC Development Finance PLC'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.

19

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.

29

Industry Benchmark

LOLC Development Finance PLC's score of 19 is lower than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.

13%

Let us know if this data was useful to you

LOLC Development Finance PLC's reported carbon emissions

LOLC Development Finance PLC, headquartered in LK, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The company is a current subsidiary of LOLC Finance PLC, which may influence its climate-related initiatives and reporting. While there are no documented reduction targets or climate pledges from LOLC Development Finance PLC, it is important to note that emissions data and climate commitments may be inherited from its parent company, LOLC Finance PLC. This relationship could provide a framework for future sustainability efforts and emissions reporting. As of now, LOLC Development Finance PLC has not established specific science-based targets or commitments to reduce carbon emissions. The absence of data highlights a potential area for improvement in transparency and accountability regarding climate impact. The company may benefit from aligning with industry standards and best practices in emissions reporting and reduction strategies.

How Carbon Intensive is LOLC Development Finance PLC's Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. LOLC Development Finance PLC's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is LOLC Development Finance PLC's Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for LOLC Development Finance PLC is in LK, which has a medium grid carbon intensity relative to other regions.

LOLC Development Finance PLC'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.

LOLC Development Finance PLC has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Compare LOLC Development Finance PLC's Emissions with Industry Peers

Asia Asset Finance PLC

LK
•
Financial intermediation services, except insurance and pension funding services (65)
Updated about 1 month ago

Singer Finance (Lanka) PLC

LK
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 4 days ago

Dialog Finance PLC

LK
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 20 days ago

Merchant Bank of Sri Lanka & Finance PLC

LK
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 24 days ago

Prime Finance PLC

LK
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 29 days ago

HNB Finance PLC

LK
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 19 days ago

Let us know if this data was useful to you

Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

Ditchcarbon
v251030.3
[email protected]+44 203 475 7875Ditch Carbon Ltd167-169 Great Portland StreetLondon W1W 5PF
UL Solutions verification badge
CDP logo
Gartner Cool Vendor 2025 badge
ProductPortalScope 3 Tool FunctionalityDataIntegrationsPricing
CustomersHaleonGrant ThorntonHikmaRead all stories
SolutionsProcurement teamsSustainability teamsPlatform ownersCarbon accountants
ResourcesCalculation MethodologyDocumentationBlogFAQOrganizationsIndustriesSBTI APITrust CentreChangelog
AboutTeamCareersLicense AgreementPrivacy