- Marginal revenue degrowth (1.2%) and a loss after tax of LKR 3.9 Bn. due to macroeconomic challenges, increased taxation, electricity tariffs, and customer affordability issues.
- Significant shortcomings in capital project execution, including cost overruns and inadequate risk assessment.
- Issues with the Convergent Billing Project due to improper planning and deviation from industry best practices.
- Elevated costs due to lack of CPE interoperability.
- Cash flow challenges due to funding mismatch and dependence on post-paid billing.
- Mobitel's profitability erosion and subscriber churn due to various factors including defective SIMs and excessive trade incentives.
Sri Lanka Telecom PLC
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Sri Lanka Telecom PLC disclosed greenhouse gas emissions of 6.3K tCO2e reduction (projected). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
6.3K tCO2e reduction (projected)
2023
Renewable Energy
3% of total network energy needs met from renewable energy (Mobitel)
of total energy
Waste
26.5K kgs of copper recycled
2023
Energy Use
600 MWh annual saving from LED bulbs; 550 MWh annual saving from energy-efficient air conditioners; 10% reduction in energy consumption in 2023 compared to 2022
2023
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 6.3K tCO2e reduction (projected) |
| 2022 | 44.9K tCO2e (2020) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Installed solar systems at 19 sites in 2023, with plans for 201 more; expecting annual savings of approximately LKR 260 Mn. and emissions reduction of around 6,300 tCO2e.
- SLT-Mobitel Operational HQ in Welikada awarded a Platinum green building rating.
- Reduction of energy consumption by 10% in 2023 compared to 2022.
- 26,500 Kgs of copper recovered through recycling in 2023.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Restore profitability in 2024.
📅 Medium-term
- Achieve carbon neutrality by 2040.
🔭 Long-term
- Net-zero emissions by 2050.
🌱 ESG Focus Areas
Energy ManagementWaste ManagementEnvironmental PreservationEducationHealthcareCommunity Development