National Development Bank PLC
National Development Bank PLC, commonly referred to as NDB, is a prominent financial institution headquartered in Sri Lanka (LK). Established in 1979, NDB has evolved into a key player in the banking sector, focusing on development finance and commercial banking services. With a strong presence across major operational regions in Sri Lanka, the bank caters to a diverse clientele, including individuals, small and medium enterprises, and large corporations. NDB offers a range of core products and services, including personal banking, corporate finance, and investment solutions, distinguished by their commitment to customer-centric innovation. The bank has achieved notable milestones, such as being recognised for its sustainable banking practices and strong financial performance. As a leader in the industry, NDB continues to drive economic growth and development in Sri Lanka, reinforcing its position as a trusted financial partner.
DitchCarbon Score
How does National Development Bank PLC'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
National Development Bank PLC's score of 44 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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National Development Bank PLC's reported carbon emissions
In 2024, National Development Bank PLC (NDB) reported total carbon emissions of approximately 5,067,000 kg CO2e. This figure includes 20,000 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and about 4,641,000 kg CO2e from Scope 2 emissions, representing indirect emissions from the generation of purchased electricity. Comparatively, in 2023, NDB's total emissions were about 5,510,000 kg CO2e, with Scope 1 emissions at 355,000 kg CO2e and Scope 2 emissions at approximately 5,155,000 kg CO2e. This indicates a reduction in total emissions from 2023 to 2024. NDB has set ambitious climate commitments, aiming to reduce its direct (Scope 1) and indirect (Scope 2) greenhouse gas emissions by 20% from the 2024 baseline by the year 2030. This commitment reflects the bank's proactive approach to addressing climate change and aligns with industry standards for sustainability. NDB is also a signatory of the Climate Pledge, which underscores its dedication to achieving net-zero carbon emissions. The bank's emissions data is not cascaded from any parent organization, indicating that these figures are independently reported. Overall, NDB's emissions reduction targets and commitments demonstrate a clear strategy towards sustainability and climate responsibility, positioning the bank as a leader in environmental stewardship within the financial sector.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 176,740 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 00,000 |
| Scope 2 | 2,404,470 | 0,000,000 | - | - | - | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 43,170 | 00,000 | 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.
National Development Bank PLC is participating in some 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.
