Lulo bank S.A. Sustainability Profile
Lulo Bank S.A., commonly referred to as Lulo Bank, is a pioneering financial institution headquartered in Colombia. Established in 2018, the bank has rapidly positioned itself within the fintech industry, focusing on digital banking solutions tailored for the modern consumer. With a strong operational presence across major Colombian cities, Lulo Bank offers a range of innovative services, including digital accounts, credit products, and investment options. What sets Lulo Bank apart is its commitment to providing seamless, user-friendly banking experiences through advanced technology and personalised customer service. The bank has achieved notable milestones, including significant growth in its customer base and recognition for its innovative approach to financial services. As a forward-thinking player in the Colombian banking sector, Lulo Bank continues to redefine the landscape of digital finance.
DitchCarbon Score
How does Lulo bank S.A.'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 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
Lulo bank S.A.'s score of 29 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Lulo Bank S.A., headquartered in Colombia, currently does not report any specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. The bank's climate commitments and reduction initiatives are also not detailed, with no documented reduction targets or climate pledges available. However, it is important to note that Lulo Bank S.A. is a current subsidiary of International Holding Company PJSC. As such, any potential emissions data or climate initiatives may be influenced by the parent company's strategies and commitments. The emissions performance data cascaded from International Holding Company PJSC, which operates at a cascade level of 2, may provide insights into broader corporate sustainability efforts, although specific figures or targets from Lulo Bank S.A. are not disclosed. In summary, while Lulo Bank S.A. does not present its own emissions data or reduction targets, its climate commitments may be aligned with those of its parent company, International Holding Company PJSC. Further information from the parent organization may be necessary to understand the full scope of Lulo Bank's environmental impact and commitments.
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| 2022 | 2024 | |
|---|---|---|
| Scope 1 | 1,093,134,450 | 00,000 |
| Scope 2 | 674,845,090 | 00,000 |
| Scope 3 | 1,960,242,940 | 0,000,000 |
How Carbon Intensive is Lulo bank S.A.'s Industry?
How Carbon Intensive is Lulo bank S.A.'s Location?
Lulo bank S.A.'s Scope 3 Categories Breakdown
Lulo bank S.A.'s Scope 3 emissions, which decreased by 100% last year and decreased by approximately 100% since 2022, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 75% of Scope 3 emissions.
Top Scope 3 Categories
Lulo bank S.A.'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.
Lulo bank S.A. 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.
