Lufax Holding Ltd

Lufax Holding Ltd: Carbon Emissions and Climate Commitments

Lufax Holding Ltd, an organisation in the "Services auxiliary to financial intermediation (67)" industry headquartered in China (CN), has reported its greenhouse gas (GHG) emissions across various scopes.

Recent Emissions Data:

• In 2025, Lufax Holding Ltd reported total GHG emissions of approximately 14.5 million kg CO2e. This comprised Scope 1 emissions of about 157,660 kg CO2e, Scope 2 emissions of approximately 11.3 million kg CO2e, and Scope 3 emissions of around 3 million kg CO2e.
• For 2024, total emissions were approximately 17.5 million kg CO2e, with Scope 1 at about 112,340 kg CO2e, Scope 2 at approximately 14.1 million kg CO2e, and Scope 3 at roughly 3.4 million kg CO2e.
• In 2023, the company recorded total emissions of approximately 23.5 million kg CO2e, including Scope 1 at about 117,630 kg CO2e, Scope 2 at approximately 19.6 million kg CO2e, and Scope 3 at around 3.8 million kg CO2e.
• Prior to this, in 2022, Lufax Holding Ltd's total emissions stood at approximately 34.2 million kg CO2e. Scope 1 emissions were around 404,000 kg CO2e, Scope 2 emissions approximately 282,600 kg CO2e, and Scope 3 emissions about 3.5 million kg CO2e.
• Emissions data for 2021 is available for Scope 1 only, which was approximately 533 million kg CO2e.
• In 2020, total emissions were reported as approximately 70.5 million kg CO2e, with Scope 1 emissions at about 146,810 kg CO2e and Scope 2 emissions at approximately 70.3 million kg CO2e.

Climate Commitments and Reduction Targets:

Lufax Holding Ltd has established significant climate commitments. The company aims to achieve carbon neutrality by 2030. To support this overarching goal, specific reduction targets have been set:

• A 50% reduction in Scope 1 emissions from a 2020 baseline is targeted by 2030.
• A 50% reduction in Scope 2 emissions from a 2020 baseline is also targeted by 2030.

These targets indicate a clear strategy to mitigate the company's climate impact, particularly focusing on its energy consumption (Scope 2) and direct operational emissions (Scope 1). While Scope 3 emissions are reported, specific reduction targets for this scope are not detailed in the provided information. The company's reporting covers Scopes 1, 2, and 3, demonstrating a comprehensive approach to emissions disclosure.