Lion Finance Group PLC

Common Name
Lion Finance Group
Country
United Kingdom
Sector
Financial Services
Industry
Banks - Regional
Employees
11,886
Ticker
BGEO
Exchange
LONDON STOCK EXCHANGE
Description
Bank of Georgia Group PLC is a prominent financial institution providing comprehensive banking services primarily within the Georgian market. As one of the leading banks in Georgia, it plays a critica...

Lion Finance Group's GHG Emissions Data Preview

In 2023, 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)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Lion Finance Group's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Lion Finance Group amounted to 4,641.4 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).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Lion Finance Group increased by 3.63%, suggesting that the company faced challenges in reducing its emissions from its core operations.

Lion Finance Group's Scope 1 Emissions Over Time

20212022202306001.2 k1.8 k2.4 ktCO2e+12%+3%
  • Total Scope 1
  • Year-over-Year Change

What are Lion Finance Group's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Lion Finance Group were 2,311.6 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Lion Finance Group reduced its Scope 1 emissions over time?

Since 2021, Lion Finance Group's Scope 1 emissions have increased by 15.75%, reflecting a rising long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Lion Finance Group's Scope 1 emissions increased by 3.07%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.

What are Lion Finance Group's Scope 2 emissions?

In 2023, Lion Finance Group reported Scope 2 greenhouse gas (GHG) emissions of 2,329.8 tCOâ‚‚e using the location-based method.

Has Lion Finance Group reduced its Scope 2 emissions over time?

Since 2021, Lion Finance Group's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 40.22%, reflecting a rising long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), Lion Finance Group's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Lion Finance Group 's emissions have plateaued with no significant change in its energy consumption footprint.

What methodology does Lion Finance Group use for Scope 2 reporting?

In 2023, Lion Finance Group reported its Scope 2 emissions using the location-based method.

Lion Finance Group's Scope 2 Emissions Over Time

20212022202306001.2 k1.8 k2.4 ktCO2e
  • Total Scope 2 Location-Based

Insights into Lion Finance Group's Value Chain Emissions

In 2023, Lion Finance Group reported 6,702.7 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 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 2022, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.

Lion Finance Group's Scope 3 Emissions Over Time

2021202220230350 k700 k1.05 M1.4 MtCO2e+69388%-99%
  • Total Scope 3
  • Year-over-Year Change

What are Lion Finance Group's Scope 3 emissions?

In 2023, Lion Finance Group reported total Scope 3 emissions of 6,702.7 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

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.

Has Lion Finance Group reduced its Scope 3 emissions over time?

Since 2021, Lion Finance Group's Scope 3 emissions have increased by 268.18%, reflecting a rising long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), Lion Finance Group's Scope 3 emissions decreased by 99.47%, highlighting the company's efforts to lower indirect emissions from its value chain.

What categories of Scope 3 emissions does Lion Finance Group disclose?

In 2023, Lion Finance Group reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol.

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Lion Finance Group's Scope 3 emissions?

In 2023, the largest contributors to Lion Finance Group's Scope 3 emissions were:

  • Employee Commuting (Cat. 7): 4,550.1 tCOâ‚‚e (68.08%)
  • Fuel- and Energy-Related Services (Cat. 3): 1,073.9 tCOâ‚‚e (16.07%)
  • Business Travel (Cat. 6): 616.4 tCOâ‚‚e (9.22%)

Lion Finance Group's Scope 3 Emissions by Categories

Business Travel(Cat. 6)(9.2%)Fuel- andEnergy-RelatedServices (Cat. 3)(16.1%)Employee Commuting(Cat. 7)(68.1%)

Insights into Lion Finance Group's Total Carbon Footprint

In 2023, Lion Finance Group reported a total carbon footprint of 11,344.1 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 99.11% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.

The largest contributor to Lion Finance Group's total carbon footprint was Scope 3 emissions, accounting for 59.09% of the company's total carbon footprint, followed by Scope 2 emissions at 20.54%.

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