National Development Bank PLC, commonly referred to as NDB, is a prominent financial institution headquartered in Sri Lanka (LK). Established in 1979, NDB has evolved to become a key player in the financial intermediation services sector, specifically focusing on services excluding insurance and pension funding.
With a strong presence across major operational regions in Sri Lanka, NDB offers a diverse range of core products, including retail banking, corporate finance, and investment services. What sets NDB apart is its commitment to sustainable development and innovative financial solutions tailored to meet the needs of its clients.
Recognised for its robust market position, NDB has achieved significant milestones, including numerous awards for excellence in banking services. The bank continues to play a vital role in driving economic growth and development within the region.
+3 vs industry average
National Development Bank PLC’s score of 38 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
National Development Bank PLC's reported carbon emissions
National Development Bank PLC (LK), operating within the financial intermediation services sector (65), has reported its greenhouse gas emissions for recent years. For 2024, the bank's total emissions were approximately 5,067,000 kg CO2e. This figure comprises about 20,000 kg CO2e for Scope 1 emissions and approximately 4,641,000 kg CO2e for Scope 2 emissions. Scope 3 emissions for this period were around 1,660,830 kg CO2e, though data for purchased goods and services was missing. In 2023, National Development Bank PLC reported total emissions of approximately 5,510,000 kg CO2e. This included around 355,000 kg CO2e from Scope 1 and approximately 5,155,000 kg CO2e from Scope 2. Scope 3 emissions were reported at about 1,636,920 kg CO2e. Earlier reports show: * **2022:** Total emissions of approximately 5,365,000 kg CO2e, with Scope 1 at about 492,000 kg CO2e, Scope 2 at approximately 4,873,000 kg CO2e, and Scope 3 at around 1,789,220 kg CO2e. * **2021:** Total emissions were approximately 2,311,580 kg CO2e, with Scope 1 emissions of approximately 192,740 kg CO2e (a combination of mobile and stationary combustion) and Scope 3 at about 2,118,830 kg CO2e. Scope 2 data was not disclosed for this year. * **2020:** Total emissions were approximately 2,515,440 kg CO2e, including about 264,370 kg CO2e for Scope 1 (mobile and stationary combustion) and Scope 3 emissions of around 2,251,070 kg CO2e. Scope 2 data was not disclosed. * **2019:** Total emissions were approximately 2,594,260 kg CO2e, with Scope 1 at about 299,150 kg CO2e and Scope 3 at approximately 2,295,060 kg CO2e. Scope 2 data was not disclosed. * **2018:** Total emissions were approximately 2,633,070 kg CO2e, comprising about 186,200 kg CO2e for Scope 1 and 2,401,440 kg CO2e for Scope 2, with Scope 3 at 45,430 kg CO2e. * **2017:** Total emissions were approximately 2,624,380 kg CO2e, with Scope 1 at about 176,740 kg CO2e and Scope 2 at 2,404,470 kg CO2e, and Scope 3 at 43,170 kg CO2e. National Development Bank PLC has established climate commitments aiming for reductions by 2030. Specifically, the bank aims to reduce its direct greenhouse gas emissions (Scope 1) by 20% from a 2024 baseline by the year 2030. Additionally, the bank targets a 20% reduction in its indirect greenhouse gas emissions (Scope 2) from the same 2024 baseline by 2030.
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National Development Bank PLC’s Climate Goals (2030 & 2050)
2 goals2030
20% reduction in Scope 1
The Bank aims to reduce its direct GHG emissions by 20% from the 2024 baseline by 2030.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 2 climate goals
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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National Development Bank PLC
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