SMB Finance PLC

In 2023, SMB Finance PLC reported total carbon emissions of approximately 1,030,805,907 kg CO2e, with emissions distributed across various scopes. Specifically, Scope 1 emissions accounted for about 130,805,907 kg CO2e, while Scope 2 emissions totalled approximately 119,530,650 kg CO2e. The most significant contributor to their carbon footprint was Scope 3 emissions, which reached approximately 775,505,794 kg CO2e. Within Scope 3, the largest categories included purchased goods and services at about 1,471,314,074 kg CO2e and employee commute emissions at approximately 263,662,640 kg CO2e. In 2022, the company reported slightly lower emissions, with total emissions of about 1,004,136,158 kg CO2e. This included Scope 1 emissions of approximately 104,136,158 kg CO2e and Scope 2 emissions of about 100,105,625 kg CO2e. The Scope 3 emissions for that year were approximately 483,655,939 kg CO2e. Despite the substantial emissions figures, SMB Finance PLC has not publicly disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented reduction strategies suggests a need for enhanced climate commitments in line with industry standards. As a company headquartered in LK, SMB Finance PLC's emissions profile reflects the broader challenges faced by financial institutions in addressing climate change and reducing their environmental impact.