Mercantile Investments and Finance PLC Sustainability Profile
Mercantile Investments and Finance PLC, commonly referred to as Mercantile, is a prominent player in the financial services sector, headquartered in Sri Lanka (LK). Established in 1982, the company has built a strong reputation for providing a diverse range of financial solutions, including leasing, hire purchase, and fixed deposits, catering to both individual and corporate clients. With a focus on innovation and customer-centric services, Mercantile stands out in the competitive landscape of finance and investment. The company has achieved significant milestones, including expanding its operational reach across major regions in Sri Lanka. Renowned for its robust financial products and commitment to excellence, Mercantile Investments and Finance PLC continues to solidify its market position as a trusted partner in financial growth and stability.
DitchCarbon Score
How does Mercantile Investments and Finance PLC'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
Mercantile Investments and Finance PLC's score of 17 is lower than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Mercantile Investments and Finance PLC's reported carbon emissions
In 2019, Mercantile Investments and Finance PLC reported an employee carbon intensity of approximately 3,050 kg CO2e per employee, reflecting their operational impact. This figure is part of their Scope 1 and 2 emissions data, although specific total emissions figures for these scopes were not disclosed. The company has shown a slight improvement in carbon intensity over the years, with 3,290 kg CO2e per employee in 2018 and 2,790 kg CO2e per employee in 2017. Despite these figures, Mercantile Investments and Finance PLC currently does not have any publicly stated reduction targets or commitments to the Science Based Targets initiative (SBTi). Additionally, there are no documented climate pledges or specific reduction initiatives outlined in their reports. The absence of comprehensive emissions data and reduction strategies indicates a potential area for growth in their climate commitments. As of now, the company does not inherit emissions data from any parent or related organizations, and all reported data is directly from Mercantile Investments and Finance PLC. The focus on employee carbon intensity suggests an awareness of their operational footprint, but further commitments and transparency in emissions reporting would enhance their climate strategy.
How Carbon Intensive is Mercantile Investments and Finance PLC's Industry?
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Mercantile Investments and Finance PLC'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.
Mercantile Investments and Finance PLC 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.
