Sarvodaya Development Finance PLC
Sarvodaya Development Finance PLC, headquartered in Sri Lanka, is a leading player in the microfinance and development finance sector. Established in 1997, the company has made significant strides in empowering underserved communities through innovative financial solutions. With a strong presence across various regions in Sri Lanka, Sarvodaya Development Finance focuses on providing microloans, savings products, and insurance services tailored to the needs of low-income individuals and small enterprises. What sets Sarvodaya apart is its commitment to social impact, combining financial services with community development initiatives. The company has achieved notable recognition for its role in promoting financial inclusion and sustainable development. As a pioneer in the industry, Sarvodaya Development Finance continues to enhance its market position by fostering economic growth and improving the livelihoods of its clients.
DitchCarbon Score
How does Sarvodaya Development Finance 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
Sarvodaya Development Finance PLC's score of 14 is lower than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Sarvodaya Development Finance PLC's reported carbon emissions
In 2023, Sarvodaya Development Finance PLC reported carbon emissions related to the manufacture of iron and steel, amounting to approximately 1,331 kg CO2e. However, specific details regarding the scope of these emissions (Scope 1, 2, or 3) were not disclosed. Currently, Sarvodaya Development Finance PLC does not have any publicly stated reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges. This indicates a potential area for growth in their climate strategy, as many organisations are increasingly setting ambitious targets to reduce their carbon footprint. As a financial institution headquartered in Sri Lanka, Sarvodaya Development Finance PLC is positioned to influence sustainable practices within the sectors it serves, particularly in promoting environmentally responsible initiatives in the iron and steel industry.
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.
Sarvodaya Development Finance 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.
