LB Finance joins PCAF to strengthen climate action in financial sector

LB Finance PLC has taken a landmark step in its sustainability journey by becoming a signatory of the Partnership for Carbon Accounting Financials (PCAF), a global initiative that enables financial institutions to measure and disclose greenhouse gas (GHG) emissions linked to their lending and investment portfolios.

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This milestone adds to LB Finance’s history of climate leadership. In 2013/14, the company became Sri Lanka’s first carbon conscious finance company, followed by another industry-first in 2015/16, when it was certified as the first carbon neutral company in Sri Lanka.

As one of Sri Lanka’s leading non-banking financial institutions. Over the past few years, the company has steadily advanced its sustainability reporting, integrating GHG accounting into its disclosures.

In the financial year 2024/25, LB Finance made history in the local financial sector by publishing the financed emissions from its motor vehicle loan portfolio, calculated using the PCAF methodology and it was independently verified by Control Union Sri Lanka, ensuring credibility and transparency.