National Development Bank PLC
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 into a key player in the banking sector, focusing on development finance and commercial banking services. With a strong presence across major operational regions in Sri Lanka, the bank caters to a diverse clientele, including individuals, small and medium enterprises, and large corporations. NDB offers a range of core products and services, including personal banking, corporate finance, and investment solutions, distinguished by their commitment to customer-centric innovation. The bank has achieved notable milestones, such as being recognised for its sustainable banking practices and strong financial performance. As a leader in the industry, NDB continues to drive economic growth and development in Sri Lanka, reinforcing its position as a trusted financial partner.
DitchCarbon Score
How does National Development Bank 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
National Development Bank PLC's score of 28 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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National Development Bank PLC's reported carbon emissions
In 2022, National Development Bank PLC reported total carbon emissions of approximately 5,279,000 kg CO2e. This figure includes 669,000 kg CO2e from Scope 1 emissions, primarily from direct fuel combustion, and 2,535,450 kg CO2e from Scope 2 emissions, which are associated with purchased electricity. Additionally, Scope 3 emissions accounted for 1,795,480 kg CO2e, with significant contributions from upstream transportation and distribution. In 2021, the bank's total emissions were about 5,579,000 kg CO2e, with Scope 1 emissions at 459,000 kg CO2e and Scope 2 emissions at 2,834,220 kg CO2e. Scope 3 emissions for that year included 1,942,050 kg CO2e from upstream transportation and distribution. Comparatively, in 2018, the bank's total emissions were approximately 2,633,070 kg CO2e, with Scope 1 emissions of 18,200 kg CO2e and Scope 2 emissions of 2,401,440 kg CO2e. This indicates a significant increase in emissions over the years, highlighting the need for effective climate strategies. National Development Bank PLC has committed to climate action by signing the Amazon Climate Pledge on 30 July 2021, demonstrating its dedication to reducing its carbon footprint and addressing climate change. However, specific reduction targets have not been disclosed. The bank's emissions data reflects its operational impact and underscores the importance of ongoing efforts to enhance sustainability practices.
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| 2017 | 2018 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 176,740 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 2,404,470 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 43,170 | 00,000 | 0,000,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
National Development Bank PLC is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
