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 24 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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 mobile and stationary combustion, and 2,535,450 kg CO2e from Scope 2 emissions related to purchased electricity. Additionally, Scope 3 emissions accounted for 1,853,280 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 were 2,064,250 kg CO2e, indicating a notable reliance on upstream activities. Over the years, emissions have fluctuated, with 2018 emissions recorded at approximately 2,633,070 kg CO2e and 2017 at about 2,624,380 kg CO2e. The bank has disclosed emissions across all three scopes (1, 2, and 3) but has not set specific reduction targets or climate pledges. National Development Bank PLC's commitment to addressing climate change is evident through its emissions reporting, although it currently lacks defined reduction initiatives or targets. The bank's emissions data reflects its operational impact and highlights the need for 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 not committed to any reduction initiatives 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.
