GCPF Commits USD 10 Million to CDB to Scale Green Lending in Sri Lanka

Zurich / Colombo, 13 March 2026 – The Global Climate Partnership Fund (GCPF) has signed a USD 10 million senior unsecured green loan facility with Citizens Development Business Finance PLC (CDB), Sri Lanka’s fourth-largest Non-Banking Financial Institution (NBFI). The transaction supports the expansion of energy-efficiency and renewable energy lending strengthening GCPF’s footprint in South Asia.

The facility forms part of a broader USD 21.5 million financing package alongside responsAbility-managed financial inclusion funds and the Global Gender Smart Fund (GGSF). It marks GCPF’s first partnership with CDB and its first NBFC partner in Sri Lanka.

CDB operates a nationwide branch network of 71 branches built on a strong digital platform with expansive digital access and capabilities and has positioned itself as an emerging provider of sustainable finance within Sri Lanka’s non-bank financial sector. The institution has established a dedicated ESG team and demonstrates senior management commitment to further developing its green lending activities.

CDB has adopted a Climate Transition Plan aligned with Sri Lanka’s net-zero ambitions and already offers green financing products, including electric vehicles (EVs) and residential solar photovoltaic (PV) systems. Through its partnership with GCPF, CDB aims to scale these existing products while expanding into additional green lending solutions.

Financing electric mobility and distributed solar

GCPF’s USD 10 million facility includes Facility A of USD 7.5 million, disbursed in December 2025, with the remaining tranche structured to support continued green portfolio growth. The broader financing package includes a USD 9 million financial inclusion facility disbursed in November 2025 and a USD 5 million GGSF disbursement in February 2026.

Proceeds from the GCPF facility will be used to scale CDB’s electric mobility and renewable energy portfolio, including financing for EVs, residential solar PV systems, and CDB’s flagship eShift product, which supports electric three-wheeler conversions and charging solutions. Additional products under consideration include a green home loan offering.

Supporting Sri Lanka’s climate transition

Sri Lanka has consistently ranked among the top 10 countries at risk of extreme weather events according to the Global Climate Risk Index, facing recurring droughts, floods, and coastal erosion.

Reflecting government support for renewable energy and energy efficiency, Sri Lankan authorities have introduced regulatory frameworks for climate finance, including a Green Finance Taxonomy in 2022 and a Sustainable Finance Roadmap.

By providing long-term capital combined with technical assistance support, GCPF’s partnership with CDB aims to help scale energy-efficiency and renewable energy solutions, supporting the development of climate-aligned lending in Sri Lanka.

The transaction underscores GCPF’s commitment to supporting local financial institutions as catalysts for climate action, fostering resilient and inclusive financial ecosystems in emerging and developing markets.

About Citizens Development Business Finance PLC (CDB)

CDB is Sri Lanka’s fourth-largest non-banking financial company, serving customers nationwide through a network of 71 branches. The institution provides a diversified range of financial services to retail and MSME clients and has demonstrated a growing commitment to sustainable finance through dedicated ESG governance, green product innovation, and alignment with national climate objectives.

About GCPF

GCPF is a Luxembourg-based fund managed by the Swiss asset manager responsAbility Investments AG. The Fund is a public-private partnership with the primary objective of mitigating climate change through a reduction of greenhouse gas emissions in developing markets. Every mitigation project that GPCF finances needs to reduce energy use or GHG emissions by at least 20%. In addition to mitigation, GCPF recently expanded into adaptation finance, and aims to support financial institutions in developing markets to become more resilient to climate risks and to finance adaptation projects in key sectors.

GCPF was established by the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU), KfW Entwicklungsbank and the International Finance Corporation (IFC) in 2009. Junior catalytic capital is provided by Germany’s Federal Ministry for Economic Affairs and Energy (BMWK), the UK’s Department for Energy Security & Net Zero (DESNZ), and Denmark’s development cooperation (Danida). Other private and public investors include ASN Bank, Ärzteversorgung Westfalen-Lippe, FMO, OeEB, and EIB.

GCPF is classified as an Article 9 Fund under the European Sustainable Finance Disclosure Regulation (SFDR).

About responsAbility Investments AG

responsAbility Investments AG is a globally leading Swiss impact asset manager specializing in private market investments across three investment themes. These themes directly contribute to the United Nations Sustainable Development Goals (SDGs): Financial Inclusion, to finance the growth of Micro & SMEs; Climate Finance, to contribute to a net zero pathway; and Sustainable Food, to sustainably feed an ever-growing population. responsAbility also offers tailor-made and fund investment solutions to institutional investors. All responsAbility investment solutions target specific measurable impact alongside market returns.

Since its inception in 2003, responsAbility has deployed over USD 17.6 billion in impact investments. With over 280 employees collaborating across 6 offices, as of 31 December 2025 the company manages USD 5.8 billion in assets across approximately 330 portfolio companies in around 70 countries. Since 2022, responsAbility has been part of M&G plc, the international savings and investments business, and contributes to enhancing M&G’s capabilities in impact investing.