National Development Bank PLC Sustainability Profile
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 48 is higher than 69% 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 2024, National Development Bank PLC reported total carbon emissions of approximately 5,067,000 kg CO2e. This figure includes 20,000 kg CO2e from Scope 1 emissions, 4,641,000 kg CO2e from Scope 2 emissions, and 1,660,830 kg CO2e from Scope 3 emissions. In comparison, the bank's total emissions for 2023 were about 5,510,000 kg CO2e, with Scope 1 emissions at 355,000 kg CO2e, Scope 2 at 5,155,000 kg CO2e, and Scope 3 at 1,636,920 kg CO2e. The bank has set ambitious reduction targets, aiming to decrease its direct (Scope 1) GHG emissions by 20% from the 2024 baseline by 2030. Similarly, it plans to reduce its indirect (Scope 2) GHG emissions by 20% within the same timeframe. These commitments reflect the bank's proactive approach to addressing climate change and reducing its carbon footprint. Overall, National Development Bank PLC is focused on enhancing its sustainability practices and achieving significant reductions in greenhouse gas emissions as part of its climate commitments.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 176,740 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 00,000 |
| Scope 2 | 2,404,470 | 0,000,000 | - | - | - | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 43,170 | 00,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
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National Development Bank 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.
National Development Bank 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.
