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Public Profile
Financial Intermediation
LK
updated a month ago

UB Finance PLC Sustainability Profile

Company website

UB Finance PLC, headquartered in Sri Lanka, is a prominent player in the financial services industry, specialising in a diverse range of offerings including leasing, hire purchase, and microfinance solutions. Established in 1979, the company has achieved significant milestones, positioning itself as a trusted financial partner for individuals and businesses alike. With a strong operational presence across major regions in Sri Lanka, UB Finance PLC is renowned for its customer-centric approach and innovative financial products. Their unique services cater to various market segments, ensuring accessibility and convenience for clients. The company has garnered a solid reputation for reliability and excellence, making it a key competitor in the local finance sector. UB Finance PLC continues to strive for growth and sustainability, reinforcing its commitment to empowering the community through financial inclusion.

DitchCarbon Score

How does UB 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.

20

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.

29

Industry Benchmark

UB Finance PLC's score of 20 is lower than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.

16%

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UB Finance PLC's reported carbon emissions

Inherited from Union Bank of Colombo PLC

UB Finance PLC, headquartered in LK, currently does not report specific carbon emissions data, as indicated by the absence of figures in the latest emissions report. The company is a current subsidiary of Union Bank of Colombo PLC, which may influence its climate-related strategies and commitments. While UB Finance PLC has not established specific reduction targets or climate pledges, it is important to note that it inherits performance data from its parent organization, Union Bank of Colombo PLC. This relationship may provide a framework for future climate initiatives and emissions reporting. As the financial services sector increasingly prioritises sustainability, UB Finance PLC is positioned to align with industry standards and best practices in carbon management. The absence of reported emissions data highlights an opportunity for the company to develop and communicate its climate commitments more effectively in the future.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

2024
Scope 1
267,000
Scope 2
1,238,000
Scope 3
-

How Carbon Intensive is UB Finance PLC's Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. UB Finance PLC's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is UB Finance PLC's Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for UB Finance PLC is in LK, which has a medium grid carbon intensity relative to other regions.

UB 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.

UB 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Compare UB Finance PLC's Emissions with Industry Peers

Sarvodaya Development Finance PLC

LK
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 21 days ago

Lanka Credit and Business Finance PLC

LK
•
Financial intermediation services, except insurance and pension funding services (65)
Updated about 2 months ago

People's Leasing & Finance PLC

LK
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 14 days ago

Vallibel Finance PLC

LK
•
Financial intermediation services, except insurance and pension funding services (65)
Updated about 1 month ago

LB Finance

LK
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 10 days ago

PMF Finance PLC

LK
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 4 days ago

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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