Sri Lanka Banks’ Association: Best Sustainable Banking Leadership South Asia 2019

The Sri Lankan Banks’ Association (SLBA) fills a critical role in national development by balancing business decisions against the possible impact on the country’s human, social, and environmental capital. The association launched the Sustainable Banking Initiative (SLBA-SBI) in 2015 to unite the financial sector on a platform that provides industry workers with educational opportunities and actively promotes responsible banking practices. Banks use the platform to come to a consensus on sustainable standards, define responsibilities, and coordinate efforts to implement best practices. A committee of participating SLBA banks authored a set of 11 Sustainable Banking Principles that have been adopted by 18 signatory banks. The principles promote green economies, collaborative partnerships, financial inclusion, and environmental and social governance, to highlight just a few. In 2017, SLBA added a knowledge-sharing element to the platform, including SBI guidelines, an implementation toolkit, case studies, and courses. It developed a six-module e-learning course that helps bank employees throughout the network deepen their understanding of sustainable banking principles — and then transform that knowledge into action. The Central Bank of Sri Lanka has published a sustainability roadmap that illustrates some of the tools available when developing a sustainable finance framework, but participation is voluntary rather than regulatory at present. SLBA hopes to influence public finance policy and inspire industry participation to achieve sustainable economic growth for a greener and more inclusive future. The CFI.co judging panel presents the Sri Lanka Banks’ Association with the 2019 Best Sustainable Banking Leadership (South Asia) award.

marten

Recent Posts

Nordea Asset Management: Best ESG Team Europe 2024

Nordea Asset Management (NAM) has championed responsible investment for over three decades, beginning in 1988…

3 days ago

SegurCaixa Adeslas: Best Insurer Spain 2024

SegurCaixa Adeslas, a pre-eminent Spanish health insurance company, has demonstrated a formidable and truly impressive…

1 month ago

Banco BPI: Excellence in Sustainable Banking Initiative Portugal 2024

Banco BPI's dedication to sustainability is a beacon of proactive environmental and social responsibility. Beyond…

1 month ago

BSE Ltd: Champions of Capital Market Innovation and Efficiency Asia 2024

BSE Ltd, formerly known as the Bombay Stock Exchange, is a crucial player in India’s…

1 month ago

TMT Investments Plc: Visionary Leaders in Global Tech Venture Capital Europe 2024

TMT Investments Plc, publicly quoted on the AIM market of the London Stock Exchange since…

2 months ago

BNP Paribas Fortis: Outstanding Contribution to SME Financing Benelux 2024

BNP Paribas Fortis is a key player in the Belgian banking sector with a rich…

2 months ago