SIYAPATHA FINANCE PLC PARTNERS WITH THE PARTNERSHIP FOR CARBON ACCOUNTING FINANCIALS (PCAF) FOR CARBON ACCOUNTING STANDARDS
Strengthening Climate Accountability Through Global Carbon Accounting Standards
Siyapatha Finance PLC has announced its official membership in the Partnership for Carbon Accounting Financials (PCAF), marking a significant milestone in the Company’s sustainability journey and reinforcing its commitment to responsible finance and climate action.
The membership reflects Siyapatha Finance’s continued efforts to integrate Environmental, Social and Governance (ESG) principles into its business strategy while supporting the transition towards a low-carbon and climate-resilient economy.
PCAF is a collaboration of more than 770 financial institutions across six continents, working together to develop and implement a harmonized framework for measuring and disclosing greenhouse gas (GHG) emissions associated with financial activities. By joining PCAF, Siyapatha Finance will adopt the global standard for measuring emissions associated with financial activities and further strengthen its climate-related disclosures.
Recognizing the financial sector’s role in addressing climate change, Siyapatha Finance will use the PCAF framework to better understand emissions associated with its financing portfolio, enabling more informed decision-making on climate-related risks and sustainable finance opportunities while aligning with evolving global sustainability standards.
Siyapatha Finance PLC Chief Executive Officer Mr. Mathisha Hewavitharana said: “Joining PCAF reflects Siyapatha Finance’s long-term vision of embedding sustainability into our business strategy. As climate-related expectations continue to evolve, this partnership strengthens our ability to advance responsible finance while contributing to Sri Lanka’s transition towards a more sustainable and resilient economy.”
Highlighting the importance of the initiative, Siyapatha Finance PLC Senior Regional Manager Mr. Amila Bambarandage said: “By adopting global best practices in carbon accounting, we are strengthening our ability to make informed financing decisions, enhance climate transparency and contribute meaningfully to Sri Lanka’s journey towards a low-carbon and sustainable future.”
By joining PCAF, Siyapatha Finance becomes part of a growing global network of financial institutions committed to embedding carbon accountability into financial decision-making. This milestone further reinforces the company’s leadership in sustainable finance while supporting long-term value creation for customers, stakeholders, communities and the environment.
Media Inquiries
Name : Champika Thalgodapitiya
Title : Manager -Branding and Communication
Siyapatha Finance PLC
E: champikat@siyapatha.lk
Or
Addie Fairley
Strategic Communications Lead, PCAF Secretariat
E: info@carbonaccountingfinancials.com
About Siyapatha Finance PLC
Siyapatha Finance PLC is a licensed finance company and a subsidiary of the Sampath Bank Group in Sri Lanka, committed to delivering innovative and flexible financial solutions while creating sustainable value for its stakeholders. The company integrates responsible business practices, sound governance, and sustainability principles into its operations to support long-term economic, social, and environmental progress.
About the Partnership for Carbon Accounting Financials (PCAF)
The Partnership for Carbon Accounting Financials was launched globally in September 2019. Currently, more than 770 financial institutions have subscribed to the PCAF initiative. PCAF signatories work together to jointly develop the Global GHG Accounting and Reporting Standard for the Financial Industry to measure and disclose the greenhouse gas emissions associated with their financial activities. By doing so, PCAF signatories take an important step to subsequently assess climate-related risks, set climate targets, and develop effective strategies to decarbonize their portfolios.
