In 2024, Lion Finance Group completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Lion Finance Group has also provided a category-level breakdown for 6 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 3,046a | 2,311.6a | 2,242.7a | |
Total Scope 2 | ||||
Location-Based | 2,909.4a | 2,329.8a | 2,236.1a | |
Total Scope 3 | 8,117.6a | 2,159,201.4a | 994,561.5a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 8.2654a | 2.4435a | 2.9803a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Lion Finance Group amounted to 5,955.4 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Lion Finance Group increased by 28.31%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Lion Finance Group were 3,046 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, Lion Finance Group's Scope 1 emissions have increased by 52.52%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Lion Finance Group's Scope 1 emissions increased by 31.77%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Lion Finance Group reported Scope 2 greenhouse gas (GHG) emissions of 2,909.4 tCO₂e using the location-based method.a
Since 2021, Lion Finance Group's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 75.11%, reflecting a rising long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), Lion Finance Group's Scope 2 emissions (Location-Based) rose by 24.88% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2024, Lion Finance Group reported its Scope 2 emissions using the location-based method.a
In 2024, Lion Finance Group reported 8,117.6 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Lion Finance Group includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, down from 6 in 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.a
In 2024, Lion Finance Group reported total Scope 3 emissions of 8,117.6 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2021, Lion Finance Group's Scope 3 emissions have increased by 345.9%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Lion Finance Group's Scope 3 emissions decreased by 99.62%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2024, Lion Finance Group reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2024, the largest contributors to Lion Finance Group's Scope 3 emissions were:a
In 2024, Lion Finance Group reported Scope 1 greenhouse gas (GHG) emissions of 3,046 tCO₂e and total revenues of USD 369 millions. This translates into an emissions intensity of 8.27 tCO₂e per millions USD.a
In 2024, Lion Finance Group reported a Scope 1 emissions intensity of 8.27 tCO₂e per millions USD. Compared to the peer group median of 0.91, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Lion Finance Group ranked 23 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Lion Finance Group among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Lion Finance Group reported a total carbon footprint of 14,073 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 99.35% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Lion Finance Group's total carbon footprint was Scope 3 emissions, accounting for 57.68% of the company's total carbon footprint, followed by Scope 1 emissions at 21.64%.a