Seylan Bank PLC
Seylan Bank PLC, a prominent financial institution in Sri Lanka, is headquartered in Colombo and serves a diverse clientele across the island. Established in 1987, the bank has made significant strides in the banking sector, focusing on retail and corporate banking, as well as treasury services. Seylan Bank is renowned for its innovative banking solutions, including personal loans, savings accounts, and business financing, tailored to meet the unique needs of its customers. With a commitment to customer service and technological advancement, the bank has positioned itself as a trusted partner in financial growth. Notable achievements include a strong market presence and recognition for its contributions to the local economy, making Seylan Bank a key player in Sri Lanka's banking landscape.
DitchCarbon Score
How does Seylan 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
Seylan Bank PLC's score of 25 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Seylan Bank PLC's reported carbon emissions
In 2024, Seylan Bank PLC reported total carbon emissions of approximately 4,000,000 kg CO2e, encompassing Scope 1, 2, and 3 emissions. Specifically, Scope 1 emissions amounted to about 360,870 kg CO2e, with mobile combustion contributing approximately 123,990 kg CO2e and fugitive emissions at about 119,460 kg CO2e. Scope 2 emissions were significantly higher, totalling around 3,488,130 kg CO2e. Additionally, Scope 3 emissions reached approximately 628,690 kg CO2e, primarily driven by purchased goods and services, which accounted for about 248,310 kg CO2e, and fuel and energy-related activities, contributing approximately 357,660 kg CO2e. Despite the substantial emissions figures, Seylan Bank has not disclosed specific reduction targets or initiatives aimed at mitigating their carbon footprint. The absence of documented climate pledges or science-based targets indicates a potential area for improvement in their sustainability strategy. As the financial sector increasingly prioritises climate commitments, Seylan Bank's future efforts in this domain will be crucial for aligning with industry standards and expectations.
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| 2024 | |
|---|---|
| Scope 1 | 360,870 |
| Scope 2 | 3,488,130 |
| Scope 3 | 628,690 |
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.
Seylan 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.
