LOLC Finance receives Iso 14064:1 Greenhouse Gas Verification Certification

Marking a key milestone in its steadfast commitment towards achieving carbon neutrality in 2030, LOLC Finance PLC was awarded ISO 14064:1, Greenhouse Gas (GHG) verification Certification for quantification and reporting, by the Sri Lanka climate fund that operates under the ministry of environment.

The Greenhouse Gas verification statement, conducted in accordance with ISO 14064-1:2018 standards, provides a “reasonable level of assurance” that LOLC Finance PLC’s GHG emissions for the year 2023 meet rigorous criteria. This assessment covers the company’s extensive network, including its Head Office and 204 branches. The comprehensive GHG inventory, which includes all three scopes (scope 1, 2, and 3) as defined by ISO 14064-1:2018, revealed that LOLC Finance PLC emitted a total of 7,734 tonnes of CO2 equivalent during the period from April 1, 2022, to March 31, 2023. This total includes 4,450 tonnes of CO2 equivalent in direct GHG emissions and 3,284 tonnes of CO2 equivalent in other indirect GHG emissions.