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