- Challenging economic environment in Sri Lanka marked by negative growth, political instability, inflation, volatile exchange rates, and high interest rates.
- High interest rates and high inflation, significant currency fluctuations in some operating countries.
- High cost of borrowing impacting businesses and consumers.
- Significant depreciation of the Sri Lankan rupee.
- High fertilizer costs and irregular weather patterns impacting tea production.
LOLC Holdings PLC
Greenhouse gas emissions & sustainability report data
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.
๐ Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2019-04 to 2020-03 | 11.0K tons/year (reduced) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
โ Reported Environmental Achievements
- Installed a 300.44 kWp Solar Photovoltaic system at Thaala Bentota, saving approximately 440 tons of CO2 emissions annually.
- Implemented zero waste project at Gal Oya, converting solid waste into fertilizer.
- Recycled 7.3 tonnes of waste at Radisson Blu Mauritius.
- Released over 20,000 turtles back into the ocean at Reveal the Collection.
- Planted 100 trees at Radisson Blu Mauritius.
๐ฏ Climate & Sustainability Targets
๐ Short-term
- Launch of merchant ecosystem for iPay in 2024.
- Opening of high-end Ayurveda wellness spa in summer 2024.
- Completion of new factory at Gal Oya by end December 2024.
- Completion of Nasandhura project in Male by December 2024.
๐ Medium-term
- Achieve previous profitability levels at Gal Oya.
- Opening of theme park by December 2025.
๐ญ Long-term
- Continued focus on expanding Financial Services operations in Asian and African markets.
- Exploration of high-growth sectors to strengthen portfolio.
๐ฑ ESG Focus Areas
EducationConservationSustainable FinancingCommunity DevelopmentWomen's Empowerment