UB Finance PLC Sustainability Profile
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.
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
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.
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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.
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| 2024 | |
|---|---|
| Scope 1 | 267,000 |
| Scope 2 | 1,238,000 |
| Scope 3 | - |
How Carbon Intensive is UB Finance PLC's Industry?
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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.
