Pan Asia Bank becomes the 1st Sri Lankan Bank to be bestowed with the ‘Global Climate Partnership Award’
Sri Lanka’s fastest- growing bank, Pan Asia Bank, was rewarded with the prestigious ‘ Global Climate Partnership Award’ by The Global Climate Partnership Fund ( GCPF), one of the world’s largest climate funds which recognises outstanding performance and impact across categories such as capacities and skills, institutional capacities and green lending offerings, as well as outstanding energy efficiency or renewable energy projects. Pan Asia Bank officials accepted the accolade at an award ceremony held in Tbilisi on 13th June 2019.
GCPF is an innovative public- private partnership dedicated to contributing to the mitigation of climate change
through the reduction of greenhouse gas emissions. It focuses on financing energy efficiency and renewable energy projects for SMEs and private households in developing countries, primarily in cooperation with local financial institutions. The German Fe d e r a l E nv i r o n m e n t Ministry, FMO, KfW, the Ministry of Fo r e i g n Affairs o f Denmark , European Investment Bank and IFC are among the investors of GCPF.
Commenting on the accolade, Director/CEO Nimal Tillekeratne said, “We are proud to be the first Bank in Sri Lanka to be recognised by The Global Climate Partnership Awards on an international platform, which invites partnering financial institutions to showcase how they have incrementally advanced their green lending efforts.
To be selected from amongst strong contenders for the award reaffirms our sustainability strategy which is directed towards green financing solutions whilst simultaneously making efforts both large and small to lower greenhouse gas emissions and to green our footprint. Green lending is a sector of immense importance that supports the growth in Sri Lanka in a socially responsible manner. Our efforts on development of processes and policies s u ch as Social and Environmental Management Systems (SEMS) policy, appointment of Green champions and investments made in our people by providing training on green lending with the support of GCPF technical assistance facility were also reasons for this coveted award”.