ComBank awarded for ‘Excellent Green Commitment’ by GBCSL | Daily News


 

ComBank awarded for ‘Excellent Green Commitment’ by GBCSL

Commercial Bank’s Junior Engineer – Premises Department K. K. D. Ravindra Kamburawala and Chief Manager – Premises Department Tilak Wakista with the Excellent Green Commitment Awards presented to the Bank by GBCSL.
Commercial Bank’s Junior Engineer – Premises Department K. K. D. Ravindra Kamburawala and Chief Manager – Premises Department Tilak Wakista with the Excellent Green Commitment Awards presented to the Bank by GBCSL.

The Commercial Bank of Ceylon was recently presented the ‘Excellent Green Commitment Award’ for the Banking Sector for 2019 by the Green Building Council of Sri Lanka (GBCSL), the country’s leading authority on implementing green concepts and green building practices.

The award was received by the Bank at the ‘10th Anniversary Celebrations and Green Building Awards Ceremony 2019’ held at the Earls Regency Hotel in Kandy at which building owners, building material manufacturers and business leaders who demonstrated their commitment to environmental sustainability during 2019 were honoured. Commercial Bank was the only bank to receive this special award in the banking industry.

The award recognises Commercial Bank’s leadership in multifaceted Green initiatives encompassing lending to support eco-friendly operations, migrating customers to paperless banking, reducing consumption of non-renewable energy, water and other resources in its own operations, and support to community initiatives that help conserve habitats and the environment.

Commercial Bank financed the first commercially-viable wind power project and the first commercial-scale solar power project developed in Sri Lanka. It also continues to support projects that focus on renewable energy, energy and water efficiency, waste management, emission reductions, drip irrigation, and rain water harvesting. The Bank is also involved in the formulation of a Sustainable Banking Initiative (SBI) in the country in partnership with 18 members of the Sri Lanka Banks’ Association.

The Bank’s Green Financing is geared towards the fight against climate change, meeting the Sustainable Development Goals 7 and 12 of the United Nations Global Compact (UNGC): Affordable and Clean Energy, and Responsible Consumption and Production.

Furthermore, Commercial Bank adopts a Social and Environmental Management System (SEMS) to assess and manage social and environmental risks in a strategic and systematic manner. Procedures and work flows within the framework of SEMS ensure that the Bank’s lending is to environmentally sustainable, socially acceptable and economically viable projects.

 


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