- Acute balance of payments crisis
- Access to international bond markets denied
- Crippling shortages of fuel, gas, and other essential commodities
- Default on foreign debt obligations
- Significant disruptions to both general and financial markets
- Sharp depreciation of the Sri Lankan Rupee
- Unprecedented rise in interest rates
- Strict import controls and higher taxes
- Severe impact on margins and profitability
- Subdued credit demand
Citizens Development Business Finance PLC
Greenhouse gas emissions & sustainability report data
In its 2022-04 to 2023-03 reporting, Citizens Development Business Finance PLC disclosed greenhouse gas emissions of 2.4K tCO2e/year. By scope: Scope 1: 441.64 tCO2e/year; Scope 2: 1.1K tCO2e/year; Scope 3: 857.25 tCO2e/year. 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
2.4K tCO2e/year
2022-04 to 2023-03
Water Usage
23.8K m3/year
2022-04 to 2023-03
Energy Use
2.14 MWh/year
2022-04 to 2023-03
📊 Emissions by Scope (2022-04 to 2023-03)
| 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). | 441.64 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 1.1K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 857.25 tCO2e/year |
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 |
|---|---|
| 2022-04 to 2023-03 | 2.4K tCO2e/year |
| 2021-04 to 2022-03 | 2.6K tCO2e/year |
| 2020-04 to 2021-03 | 2.4K tCO2e/year |
| 2015-04 to 2016-03 | 677 tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Energy consumption decreased by 2.07% YoY
- Achieved Carbon verification for the eighth consecutive year
🎯 Climate & Sustainability Targets
📅 Medium-term
- Achieve 30% renewable energy by 2030
- Increase its energy-efficient vehicle portfolio to 50% of the total vehicle lending portfolio by 2025
🔭 Long-term
- Net zero emissions by 2030
- Quarter Trillion Asset Base (Q-TAB) by 2030
🌱 ESG Focus Areas
Financial resilience, stability, and profitabilityGood governance and complianceDigital product innovations and process automationsResponsible and sustainable financing solutionsCyber security, data integrity, and privacyCareer progression and skill developmentOccupational health and safety and favourable work environmentReducing carbon footprintContribution to SDGsCommunity development and social investmentsEthical sourcing