kathmandu . Laxmi Sunrise Bank has released its Carbon Emission Report for the fiscal year 2080/81 (2023/24), reaffirming its commitment to environmental stewardship and climate transparency. This disclosure is part of the Bank’s broader sustainability agenda and reflects its alignment with global best practices in responsible banking.
The report quantifies the carbon footprint associated with key areas of the Bank’s loan portfolio, in accordance with the Partnership for Carbon Accounting Financials (PCAF) methodology. The total financed emissions from the assessed portfolios amounted to 202,013.42 tonnes of CO₂ equivalent (tCO₂e) for the fiscal year.
Portfolio-wise emissions are as follows:
• Business Loans: 190,293.42 tCO₂e
• Project Finance (excluding hydropower): 705.56 tCO₂e
• Motor Vehicle Loans: 1,528.98 tCO₂e
• Mortgage Loans: 9,485.46 tCO₂e
On the positive side, the Bank’s investments in Hydropower Projects contributed to an estimated avoidance of 20,347.11 tCO₂e, underscoring its support for clean and renewable energy solutions.
In line with Nepal’s Net Zero Emissions target by 2045, Laxmi Sunrise is scaling up its efforts in Green Finance, energy-efficient lending products, and environmental risk management.
The Bank is also embracing the 3R approach—Reduce, Reuse, Recycle—across its operations and customer engagement platforms. As part of its on-ground environmental action, the Bank has also embarked on “Mission 10K”, a bold initiative to plant 10,000 trees within this fiscal year. To date, approximately 7,500 trees have already been planted, reinforcing the Bank’s belief that climate commitments must translate into real, measurable action.
Looking ahead, the Bank aims to expand its carbon accounting to cover more asset classes—ensuring transparency and accountability across a larger share of its financing activities. These actions form an integral part of Laxmi Sunrise’s sustainability strategy—to lead in responsible banking and contribute meaningfully to a greener and more resilient future.
To access the full report, please visit: https://www.laxmisunrise.com/pcaf-partnership-for-carbon-accounting-financials-report-2023-2024/ About PCAF
The Partnership for Carbon Accounting Financials (PCAF) is a global initiative that enables financial institutions to consistently measure and disclose the greenhouse gas (GHG) emissions associated with their lending and investment portfolios.
Laxmi Sunrise has been a proud signatory since December 2021, integrating PCAF methodologies as a key part of its climate disclosure and accountability journey.
प्रतिक्रिया दिनुहोस्