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Financial Intermediation
LK
updated 7 months ago

LOLC Development Finance PLC

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.

30

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%

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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.

Industry emissions intensity

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.

Location emissions intensity

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 high grid carbon intensity relative to other regions.

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.

LOLC Development Finance PLC 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.

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

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