Sarvodaya Development Finance PLC Sustainability Profile
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 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Sarvodaya Development Finance PLC's reported carbon emissions
In 2023, Sarvodaya Development Finance PLC reported emissions related to the manufacture of iron and steel, amounting to approximately 1,331 kg CO2e. However, the company has not disclosed specific data for Scope 1, Scope 2, or Scope 3 emissions, indicating a lack of comprehensive emissions reporting. Currently, Sarvodaya Development Finance PLC does not have any publicly stated reduction targets or commitments under initiatives such as the Science Based Targets initiative (SBTi). The absence of documented climate pledges suggests that the organisation is still in the early stages of formalising its climate strategy. As a current subsidiary, Sarvodaya Development Finance PLC's emissions data is cascaded from its own reporting, with no inherited data from a parent company. The organisation's commitment to environmental sustainability is outlined in its policy documents, although specific reduction initiatives or targets have not been established. Overall, while Sarvodaya Development Finance PLC has reported some emissions data, it lacks detailed disclosures and formal climate commitments, highlighting an opportunity for improvement in its environmental strategy.
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Sarvodaya Development Finance 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.
Sarvodaya Development Finance 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.
