NDB Bank Strengthens Commitment to Sustainability with Carbon Footprint Initiative

NDB Bank continues to lead the way in corporate sustainability with its renewed commitment to environmental conservation. On November 21, 2024, the Bank marked another milestone by entering into a MOU with the Sri Lanka Climate Fund (SLCF) to undertake a comprehensive Greenhouse Gas (GHG) assessment and verification for the fiscal year 2024.

The partnership with SLCF, South Asia’s first ISO 14064 Accredited Organisation, is a reflection of NDB’s ongoing efforts to reduce its carbon footprint and integrate sustainable practices into its operations. The GHG assessment, also known as the Carbon Footprint Verification, will encompass NDB’s Head Office and its extensive branch network. This rigorous evaluation aims to identify areas for improvement and guide the Bank in its journey toward becoming a carbon-neutral organisation.

A crucial component of the initiative involves training sessions conducted by GHG experts from SLCF. These sessions will equip NDB employees, including senior management, with the knowledge to understand and manage carbon emissions with the aim of fostering a culture of sustainability.

This initiative builds upon NDB’s previous accomplishments in reducing its environmental impact. Notable efforts include adopting eco-friendly practices such as energy-efficient lighting, optimised air conditioning systems, and digital banking solutions like the NDB NEOS app, which minimises customer travel to branches, further reducing emissions.

Lasantha Dasanayaka, Chairperson of NDB’s Corporate Sustainability Committee, stated, “Climate action is at the forefront of our sustainability agenda. Through partnerships with industry experts like SLCF, we aim to adopt best practices, increase efficiencies, and make a meaningful impact on the planet. This year’s GHG assessment will allow us to identify new opportunities to minimise our environmental footprint and take significant steps toward achieving carbon neutrality.”

NDB’s dedication to climate action embodies its broader strategy of creating long-term value for the planet, its stakeholders, and the nation. Its efforts to proactively address climate challenges reaffirm the Bank’s position as a responsible corporate citizen committed to building a sustainable future.

NDB Bank is the fourth-largest listed commercial bank in Sri Lanka. NDB was named Sri Lanka’s Best Bank for Corporates at Euromoney Awards for Excellence 2024 and was awarded Domestic Retail Bank of the Year – Sri Lanka and Sri Lanka Domestic Project Finance Bank of the Year by Asian Banking and Finance Magazine (Singapore) Awards 2024. NDB is the parent company of the NDB Group, comprising capital market subsidiary companies, together forming a unique banking and capital market services group. The Bank is committed to empowering the nation and its people through meaningful financial and advisory services powered by digital banking solutions.