PLC now in­ter­na­tion­ally Car­bon­neu­tral cer­ti­fied

Daily Mirror (Sri Lanka) - - FINANCE -

Peo­ple’s Leas­ing & Fi­nance PLC (PLC), Sri Lanka’s mar­ket leader in leas­ing and a sub­sidiary of Peo­ple’s Bank, was re­cently awarded the in­ter­na­tion­ally ac­cred­ited Car­bon­neu­tral cer­ti­fi­ca­tion by Nat­u­ral Cap­i­tal Part­ners (NCP) of the UK.

PLC’S com­mit­ment to not only mea­sure but to ex­tend its ef­forts to lower the green­house gas (GHG) emis­sions of its or­gan­i­sa­tional op­er­a­tions and sub­se­quently neu­tralise its over­all im­pact was es­sen­tial in it reach­ing this crit­i­cal mile­stone in the com­pany’s on­go­ing sus­tain­abil­ity jour­ney.

No stranger to car­bon foot­print­ing and off­set­ting, PLC has been a car­bon neu­tral busi­ness en­tity for the past two years. How­ever, hav­ing re­alised the need to step up its ef­forts to meet global stan­dards, it re­cently con­tracted the coun­try’s lead­ing sus­tain­abil­ity con­sul­tancy firm, The Car­bon Con­sult­ing Com­pany (CCC), to con­duct a more in-depth as­sess­ment of its or­gan­i­sa­tional car­bon foot­print that took into ac­count ap­pli­ca­ble yet pre­vi­ously un­con­sid­ered emis­sions sources of their head of­fice, branches, ser­vice cen­tres and sub­sidiaries. Fol­low­ing the as­sess­ment, its re­sults were in­de­pen­dently ver­i­fied by the Sus­tain­able Fu­ture Group (SFG) – NCP UK’S re­gional part­ner pro­vid­ing ver­i­fi­ca­tion, val­i­da­tion and as­sur­ance ser­vices. Once ver­i­fied, the SFG fa­cil­i­tated the in­vest­ment in a re­new­able en­ergy project in Sri Lanka, in re­turn for which PLC was pro­vided with a match­ing num­ber of Car­bon Cred­its to off­set its car­bon foot­print.

Apart from the en­vi­ron­men­tal ben­e­fits, this project has also con­trib­uted to the lo­cal econ­omy and liveli­hood of res­i­dents through the creation of ad­di­tional jobs and PLC is fur­ther bridg­ing the gap be­tween the lo­cal busi­nesses and com­mu­nity projects to cre­ate a more sus­tain­able fu­ture. As a re­sult of this ex­haus­tive au­dit, PLC was able to align it­self to in­ter­na­tional stan­dards for achiev­ing car­bon neu­tral­ity and was sub­se­quently awarded Car­bon­neu­tral Cer­ti­fi­ca­tion by the SFG on be­half of NCP UK.

CCC CEO Sanith de S. Wi­jey­er­atne added, “We’re pleased that PLC wants to align it­self with the glob­ally recognised Car­bon­neu­tral com­mu­nity. This is a huge step in show­ing oth­ers in their in­dus­try that the Car­bon­neu­tral sta­tus can be achieved through strate­gic part­ner­ships within the com­mu­nity. Sri Lanka as a coun­try is re­al­is­ing the im­por­tance of gov­ern­ments and in­dus­tries be­com­ing aware of cli­mate change and what can be done to mit­i­gate its ef­fects on peo­ple and the planet. PLC is just one step closer to aid­ing the change of the fu­ture of sus­tain­abil­ity.”

PLC CEO/GM Sabry Ibrahim stated, “This in­ter­na­tion­ally recognised cer­ti­fi­ca­tion for car­bon neu­tral­ity is a tes­ta­ment to how we wish to po­si­tion PLC as a re­spon­si­ble fi­nance com­pany in Sri Lanka. I would like to thank the Car­bon Con­sult­ing Com­pany for help­ing us through this process and we will con­tinue the ef­forts that have now launched us on to an in­ter­na­tional plat­form in terms of pro­tect­ing the planet.”

From left: PLC DGM Op­er­a­tions Damith Malavithanthila, PLC DGM Op­er­a­tions Lak­sanda Gu­nawar­dena, PLC Deputy Man­ager CSR Roshni Motha, PLC DGM Fi­nance and Ad­min­is­tra­tion Sanjeewa Ban­daranayake, PLC CEO/ GM Sabry Ibrahim, CCC Di­rec­tor/ceo Sanith de S. Wi­jey­er­atne, Kan­ishka Jayas­inghe of CCC and SFG Man­ager Sus­tain­abil­ity As­sur­ance and Ad­vi­sory Ser­vices Lak­mini Se­nad­heera

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