Seylan Bank PLC recently joined the Partnership for Carbon Accounting Financials (PCAF), officially strengthening its commitment to sustainability and transparent climate reporting. With this step, Seylan Bank became one of the leading financial institutions in Sri Lanka to align with an internationally recognized framework for measuring and disclosing financed greenhouse gas (GHG) emissions.
PCAF is a global initiative that provides a standardized approach for banks and investors to measure and disclose the emissions associated with their lending and investment portfolios. By becoming a member, Seylan Bank reinforces its dedication to integrating climate considerations and low carbon pathways into its operations and supporting Sri Lanka’s transition towards a greener economy.
Commenting on the milestone, Shanuka Jayarathna, Chief Financial Officer – Designate, Seylan Bank, said “At Seylan Bank, we recognize the critical role financial institutions play in shaping a sustainable future. Joining PCAF enables us to benchmark ourselves against global best practices in carbon accounting and align with Sri Lanka’s broader climate goals. This marks an important step in our journey to embed environmental responsibility into our business decisions while continuing to serve our customers with innovation and resilience.”
PCAF’s acknowledgment of Seylan Bank’s membership has already been shared through its global platforms, further highlighting the Bank’s commitment to international collaboration on climate transparency. The initiative will support Seylan Bank in enhancing its climate risk management practices, advancing its ESG strategy, and driving positive impact across sectors that contribute to inclusivity and sustainable growth for Sri Lanka.
