TEAMING UP FOR A GREENER SRI LANKA
PAN ASIA BANK AND GCPF TEAM UP FOR A GREEN SRI LANKA
Sri Lanka-based Pan Asia Banking Corporation PLC, a GCPF partner institution since 2013, was among the country’s earliest pioneers of green lending. Given that in Sri Lanka some 19 m people live in locations that by 2050 could become climate hotspots, the bank decided it was time to raise public awareness for the challenge – and to alert government officials as well as the private sector to the possibilities of driving a greener economic growth through appropriate climate financing.
Pioneering climate finance in Sri Lanka
On 27 February, 2019, PABC invited representatives of both the public and the private sector to join them for ‘The Future is Green Sri Lanka 2019’, an event organised in close cooperation with GCPF. The event was attended by a very diverse group of participants including representatives from Sri Lanka Sustainable Energy Authority, the Regional Development Department of CBSL, Sri Lanka Sustainable Banking Initiative and renowned academics.
The event was split in two parts: While the morning was dedicated to high-level open sessions with a diverse group of guests, the second half of the day was organised as a closed-group technical workshop. PABC also took the opportunity to share what the bank had achieved over five years of intense collaboration with GCPF.
“The event was designed to introduce PABCs clients to a wide range of technologies that could improve their energy performance, directly impacting their bottom line.”
Sathish Dhanapal, Energy Specialist Green Lending at GCPF
Addressing the gathering, the Pan Asia Bank Chief Executive Officer, Nimal Tillekeratne pledged his continued support towards the climate finance initiative. “We are holding this event to raise awareness for climate change and sustainable development in the country. I’m very happy to see the interest amongst our clientele and the key people in all related organizations”, he said.
“Pan Asia Bank remains deeply committed to finance the sustainable development.”
Nimal Tillekeratne, CEO Pan Asia Bank