Ms. Yanika Amarasekera
Chairperson
Board Sustainability Committee
Listen to the message
Throughout the year, LBF has remained steadfast in its commitment to sustainability by integrating environmental, social, and governance principles into our business operations. Our initiatives were driven by the overarching goal of generating long-term value for our stakeholders, minimising our environmental impact, and making a positive societal contribution.
Sustainability
value creation model
LB Finance continues its journey to integrate sustainability in a structured manner within the Company in readiness for full compliance with SLFRS S1 & S2 by due dates. The model below sets out LBF’s Sustainability Value Creation Model which encapsulates our ESG Framework. The model ensures that all three ESG pillars are covered and connects sustainability strategy with capitals to drive achieving the Company’s vision, mission, goals and values.
Financial Stability
Financial stability is crucial to ensure the Company’s long-term resilience and its ability to create sustainable value for our stakeholders.
Inclusive growth
Inclusive growth impacts on societal wellbeing , social justice and equity, including managing relationships with our employees, customer and community.
Great work place
We seek to create a great workplace through our governance goals and actions which comprise direct and indirect impacts on corporate governance through transparency, matrices, data security, risk management, and ownership review.
Positive Environmental Impact
Reducing direct and indirect impacts on emission, pollution, climate, waste and resource management are essential to our long-term success.
ESG
governance
Board of Directors
Board Sustainability Committee
Sustainability management committee
Senior manager - digital strategy & sustainability
Manager - sustainability & corporate reporting
The ESG governance structure of LBF starts with the Board which overlooks the sustainability related activities of the Company. In order to streamline this, a sub committee has been appointed by the Board which is known as Board Sustainability Committee (BSC). The BSC is comprised of four Directors. The decisions taken at BSC level is executed by the Sustainability Management Committee which is led by seven different divisional heads to ensure sustainability practises are applied throughout the Company. This management committee is supported by the Senior Manager and Manager who are responsible for sustainability related activities. The Deputy Managing Director holds membership in both committees to bridge them, monitor progress and maintain smooth functioning.
Sustainability
reporting frameworks
Independent practitioner’s
assurance report
Independent practitioner’s assurance report to the Board of Directors of LB Finance PLC on the sustainability reporting criteria presented in the integrated annual report FY 2023/24
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Independent practitioner’s assurance report to the Board of Directors of LB Finance PLC on the integrated annual report FY 2023/24
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