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/