Bank of Ceylon
The Bank of Ceylon (BOC), established in 1939, is a leading financial institution headquartered in Colombo, Sri Lanka (LK). With a robust presence across the island and a growing international footprint, BOC operates in the banking and financial services industry, offering a comprehensive range of products and services. The bank is renowned for its retail banking, corporate banking, and treasury services, distinguished by its commitment to customer-centric solutions and innovative financial products. Over the decades, BOC has achieved significant milestones, including being the first bank in Sri Lanka to introduce online banking services. As a state-owned entity, the Bank of Ceylon holds a prominent market position, recognised for its stability and reliability, making it a trusted choice for individuals and businesses alike.
DitchCarbon Score
How does Bank of Ceylon'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
Bank of Ceylon's score of 29 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bank of Ceylon's reported carbon emissions
In 2023, the Bank of Ceylon reported total carbon emissions of approximately 5,795,000 kg CO2e. This figure includes 495,000 kg CO2e from Scope 1 emissions, 1,250,000 kg CO2e from Scope 2 emissions, and 3,600,000 kg CO2e from Scope 3 emissions. The combined Scope 1 and 2 emissions amounted to about 1,745,000 kg CO2e. Comparatively, in 2022, the bank's total emissions were about 5,695,000 kg CO2e, with Scope 1 emissions at 495,000 kg CO2e, Scope 2 at 1,200,000 kg CO2e, and Scope 3 at 3,500,000 kg CO2e. This indicates a slight increase in total emissions year-on-year. The Bank of Ceylon has not set specific reduction targets or initiatives as part of its climate commitments, nor does it participate in initiatives such as the Science Based Targets initiative (SBTi). The emissions data is not cascaded from any parent or related organization, indicating that the bank's reporting is independent. Overall, while the Bank of Ceylon has made strides in emissions reporting, it currently lacks defined climate reduction strategies or commitments.
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| 2019 | 2020 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 3,146,000 | 0,000,000 | 000,000 | 000,000 |
| Scope 2 | 12,670,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | 0,000,000 | 0,000,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Bank of Ceylon is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
