Lufax Holding Ltd
Lufax Holding Ltd., a prominent player in the fintech industry, is headquartered in Shanghai, China. Founded in 2011, the company has rapidly evolved to become a leading online wealth management platform, primarily serving individual investors and small businesses across China. Lufax is renowned for its innovative financial services, including peer-to-peer lending, asset management, and insurance products, which distinguish it in a competitive market. With a strong focus on leveraging technology to enhance user experience, Lufax has achieved significant milestones, including its successful IPO in 2020. The company’s commitment to transparency and customer-centric solutions has solidified its market position, making it a trusted name in the financial services sector. As Lufax continues to expand its offerings, it remains dedicated to driving financial inclusion and empowering its clients through tailored financial solutions.
DitchCarbon Score
How does Lufax Holding Ltd'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 Services Auxiliary to 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
Lufax Holding Ltd's score of 36 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Lufax Holding Ltd's reported carbon emissions
In 2023, Lufax Holding Ltd reported total carbon emissions of approximately 23,510,430 kg CO2e. This figure includes 117,630 kg CO2e from Scope 1 emissions, 19,614,020 kg CO2e from Scope 2 emissions, and 3,778,780 kg CO2e from Scope 3 emissions. The company's emissions for 2022 were higher, totalling about 34,165,660 kg CO2e, with Scope 2 emissions accounting for 30,635,440 kg CO2e and Scope 3 emissions at 3,530,220 kg CO2e. Lufax has set ambitious climate commitments, aiming for carbon neutrality by 2030. This target applies to both Scope 1 and Scope 2 emissions. Specifically, the company plans to reduce its Scope 2 emissions by 50% from a 2020 baseline by 2030, and similarly, it aims to achieve a 50% reduction in Scope 1 emissions from the same baseline year. The emissions data is not cascaded from any parent company, indicating that Lufax Holding Ltd independently reports its emissions and climate initiatives. The company is actively working towards its reduction targets, demonstrating a commitment to addressing its carbon footprint in line with industry standards.
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| 2020 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 70,478,080 | - | 000,000 |
| Scope 2 | 434,517,230 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 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.
Lufax Holding Ltd 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.
