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 27 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Lufax Holding Ltd's reported carbon emissions
In 2023, Lufax Holding Ltd reported total carbon emissions of approximately 69,916,750 kg CO2e. This figure includes Scope 1 emissions of about 149,360 kg CO2e, Scope 2 emissions of approximately 69,767,390 kg CO2e, and Scope 3 emissions of around 3,778,780 kg CO2e. In 2022, the company recorded total emissions of about 34,165,660 kg CO2e, with Scope 2 emissions constituting approximately 30,635,440 kg CO2e and Scope 3 emissions at around 3,530,220 kg CO2e. The significant drop in total emissions from 2022 to 2023 indicates a potential shift in operational efficiency or changes in business practices. For 2020, Lufax's emissions were considerably higher, totalling approximately 100,000,000 kg CO2e, with Scope 1 emissions at about 70,331,270 kg CO2e, Scope 2 at 46,810 kg CO2e, and a substantial Scope 3 contribution of approximately 99,973,371,580 kg CO2e, primarily from capital goods and purchased goods and services. Despite these figures, Lufax has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. This lack of formal commitments may reflect the broader industry context, where many companies are still developing comprehensive climate strategies.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2020 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 70,331,270 | - | 000,000 |
| Scope 2 | 46,810 | 00,000,000 | 00,000,000 |
| Scope 3 | 99,973,371,580 | 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 committed to any reduction initiatives 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.
