National Development Bank PLC

National Development Bank PLC (NDB), based in Sri Lanka and operating in financial intermediation, has reported its carbon emissions for the past several years. In 2024, the bank's total greenhouse gas (GHG) emissions were approximately 5.07 million kg CO2e. This figure comprises Scope 1 emissions of about 20,000 kg CO2e and Scope 2 emissions of approximately 4.64 million kg CO2e, along with Scope 3 emissions totalling around 1.66 million kg CO2e.

NDB's 2023 emissions stood at approximately 5.51 million kg CO2e, with Scope 1 at roughly 355,000 kg CO2e, Scope 2 at approximately 5.16 million kg CO2e, and Scope 3 at about 1.64 million kg CO2e. The previous year, 2022, saw total emissions of approximately 5.37 million kg CO2e, including Scope 1 emissions of about 492,000 kg CO2e, Scope 2 emissions of approximately 4.87 million kg CO2e, and Scope 3 emissions of about 1.79 million kg CO2e.

For 2021, total emissions were around 2.31 million kg CO2e, with reported Scope 1 emissions from stationary and mobile combustion totalling approximately 192,740 kg CO2e and Scope 3 emissions at about 2.12 million kg CO2e. In 2020, total emissions were approximately 2.52 million kg CO2e, including Scope 1 emissions of about 264,370 kg CO2e and Scope 3 emissions of approximately 2.25 million kg CO2e.

NDB has set clear climate commitments. The bank aims to reduce its direct GHG emissions (Scope 1) by 20% from a 2024 baseline by 2030. Concurrently, it aims to reduce its indirect GHG emissions (Scope 2) by 20% from the same 2024 baseline by 2030. These targets are part of its near-term reduction strategy.