- Economic uncertainties and emerging developments complicate strategic planning and budgeting
- Cost pressures owing to rising interest rates and inflationary conditions
- Political uncertainty leading to the elections
- Risk of derailment of the economic reforms increases the risk of another economic downturn
- Intense competition for limited vehicle financing business amidst vehicle import restrictions
- High risk of staff attrition
- Customer retention amidst stiff market competition driven by high interest rates
- Lack of market demand for Savings due to lower disposable incomes caused by higher taxes and inflation-induced cost increases
- Contraction in the demand for vehicle rental services owing to lower household disposable income
- Margin pressure as a result of the introduction of VAT
ALLIANCE FINANCE COMPANY PLC
Greenhouse gas emissions & sustainability report data
In its 2023-04 to 2024-03 reporting, ALLIANCE FINANCE COMPANY PLC disclosed greenhouse gas emissions of 3.3K tCO2e. By scope: Scope 1: 2.4K tCO2e; Scope 2: 908 tCO2e. 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
3.3K tCO2e
2023-04 to 2024-03
Water Usage
38.6K m3
2023-04 to 2024-03
📊 Emissions by Scope (2023-04 to 2024-03)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 2.4K tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 908 tCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023-04 to 2024-03 | 3.3K tCO2e |
| 2022-04 to 2023-03 | 2.9K tCO2e/year |
| 2021-04 to 2022-03 | 2.6K tCO2e |
| 2020-04 to 2021-03 | 2.7K tCO2e/year |
| 2019-04 to 2020-03 | 2.9M CO2 kg |
| 2018-04 to 2019-03 | 3.1K MT |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Planted 715,380 trees (50% of FHA’s total achievement of 261,000 trees)
- Reduced water consumption by 28.80% year-on-year
- Reduced electricity intensity per employee by 1.70% year-on-year
- Reduced direct emissions by 2.6%
- Granted LKR 214 million worth of loans through the Climate Financing product portfolio
- Sequestered 20,213 Mt of CO2 equivalent
🎯 Climate & Sustainability Targets
🔜 Short-term
- Diversify portfolio
- Enhance brand value
- Reduce NPA below 10%
📅 Medium-term
- Support financial value creation
- Improve profitability
- Improve credit ratings
- Significant investments in climate finance products, including e-mobility solutions
🔭 Long-term
- Achieve carbon neutrality and other climate actions by 2029
- Reach 1 million trees planted by 2027
- Convert 50% of the branch network to solar energy by 2027
- 10% year on year reduction in emissions
- 5% year on year reduction in water and paper waste
🌱 ESG Focus Areas
Climate changeFinancial inclusionMSME developmentSustainable mobilityBiodiversity conservationCommunity empowerment