Sampath Bank Sustainability Profile
Sampath Bank PLC, a prominent financial institution headquartered in Sri Lanka (LK), has been a cornerstone of the banking industry since its establishment in 1986. With a strong presence across major operational regions in Sri Lanka, the bank offers a diverse range of services, including retail banking, corporate banking, and treasury operations. Sampath Bank is renowned for its innovative banking solutions, such as digital banking platforms and personalised customer service, which set it apart in a competitive market. Over the years, the bank has achieved significant milestones, including numerous awards for excellence in service and technology. As a leading player in the Sri Lankan banking sector, Sampath Bank continues to enhance its market position through strategic growth and a commitment to customer satisfaction.
DitchCarbon Score
How does Sampath Bank'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
Sampath Bank's score of 34 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Sampath Bank's reported carbon emissions
In 2023, Sampath Bank reported total carbon emissions of approximately 10,378,000 kg CO2e. This figure includes 937,000 kg CO2e from Scope 1 emissions, 6,654,000 kg CO2e from Scope 2 emissions, and 2,787,000 kg CO2e from Scope 3 emissions. Compared to 2022, when total emissions were about 11,645,000 kg CO2e, the bank achieved a reduction of approximately 1,267,000 kg CO2e. The emissions data shows a consistent trend in the bank's carbon footprint over the past few years. In 2022, emissions were 11,645,000 kg CO2e, with Scope 1 at 1,321,000 kg CO2e, Scope 2 at 7,924,000 kg CO2e, and Scope 3 at 2,400,000 kg CO2e. In 2021, total emissions were reported at 9,263,000 kg CO2e, with Scope 1 at 341,000 kg CO2e, Scope 2 at 5,391,000 kg CO2e, and Scope 3 at 3,531,000 kg CO2e. The bank's emissions in 2020 were approximately 9,138,000 kg CO2e. Despite these reductions, Sampath Bank has not set specific reduction targets or climate pledges, as indicated by the absence of documented reduction initiatives or SBTi targets. The bank's commitment to addressing climate change remains evident through its emissions reporting, but further initiatives may be necessary to enhance its sustainability efforts.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 354,000 | 000,000 | 0,000,000 | 000,000 |
| Scope 2 | 5,350,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 3,434,000 | 0,000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Sampath Bank's Industry?
How Carbon Intensive is Sampath Bank's Location?
Sampath Bank'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.
Sampath Bank 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.
