Lufax Holding Ltd Sustainability Profile
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 38 is higher than 58% 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 Scope 1 emissions of about 117,630 kg CO2e, Scope 2 emissions of approximately 19,614,020 kg CO2e, and Scope 3 emissions of around 3,778,780 kg CO2e. Comparatively, in 2022, the company’s total emissions were about 34,165,660 kg CO2e, with Scope 1 emissions at 404,000 kg CO2e, Scope 2 at 282,600 kg CO2e, and Scope 3 at 3,530,220 kg CO2e. This indicates a significant reduction in total emissions year-on-year. Lufax has set ambitious climate commitments, aiming to achieve carbon neutrality by 2030. Specifically, the company plans to reduce its Scope 1 emissions by 50% from a 2020 baseline by 2030 and similarly reduce its Scope 2 emissions by 50% from the same baseline. These targets reflect a proactive approach to mitigating climate impact and align with industry standards for sustainability. The emissions data is not cascaded from any parent organization, indicating that Lufax is independently reporting its carbon footprint and climate initiatives.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 146,810 | 000,000,000 | 000,000 | 000,000 |
| Scope 2 | 70,331,270 | - | 000,000 | 00,000,000 |
| Scope 3 | - | - | 0,000,000 | 0,000,000 |
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Lufax Holding Ltd'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.
Lufax Holding Ltd 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.
