The Commercial Bank of Ceylon has been proclaimed ‘Sri Lanka’s Best Bank for ESG’ at the 2024 edition of the Euromoney Awards for Excellence, generating international recognition for the Bank’s commitment to Environmental, Social and Governance (ESG) frameworks.
The Euromoney award won by Commercial Bank recognises the impact of numerous internal and external initiatives and processes implemented by the Bank to promote and monitor compliance with best practices of the ESG framework across the Bank’s network of branches.
A Bank official said the bank prioritises minimising environmental impact throughenergy-efficient operations, reducing its carbon footprint, and funding in renewable energy projects to support a greener future.
Commercial Bank actively promotes social sustainability by supporting financial inclusion, gender equality, and community development programmes. The Bank’s Women Banking Initiative, for instance, empowers women entrepreneurs by providing them with the financial tools, resources, and training to succeed.
Commercial Bank Managing Director/CEO Sanath Manatunge said, “Our strong governance framework ensures transparency, accountability, and integrity in all our dealings, safeguarding stakeholder interests and setting industry benchmarks for ethical practices,” He said Commercial Bank’s approach to corporate sustainability is comprehensive and inclusive, engaging all stakeholders in diverse, multi-faceted initiatives aimed at fostering sustainability across its operations.
The Euromoney Award for Excellence to ‘Sri Lanka’s Best Bank for ESG’ will be presented at the magazine’s Asia Awards Ceremony next month.
