Home / Other Sectors/ Nations Trust Bank committed to climate action with CarbonConscious certification

Nations Trust Bank committed to climate action with CarbonConscious certification


Comments / {{hitsCtrl.values.hits}} Views / Friday, 11 May 2018 00:00

Facebook

For the third consecutive year, Nations Trust Bank has been recognised for its positive climate action by the Carbon Consulting Company (CCC), which has calculated the Carbon Footprint of Nations Trust Bank’s office complexes at its Head Office in Union Place and two other main offices in Nawam Mawatha and Kotahena, in accordance with the international guidelines on assessing Greenhouse Gas (GHG) Emissions. The verification and assurance on this certification was conducted by The Sustainable Future Group (SFG).

Beyond the measurement of the carbon footprint, the bank has taken proactive measures to manage its impacts including through energy, waste and transport management. As a result of solar net metering system that was commissioned in May 2016 at its Millennium House complex, the bank had been able to reduce emissions by 18tCO2e as at December 2016. A mix of technology and capacity building interventions made during the certification period have allowed the bank to also achieve the lowest carbon intensity (tCO2e as a proportion of full time employees) over the past three years during 2017. 

Being an active advocate of the Sri Lanka Banks’ Association’s Sustainable Banking Initiative (SLBA – SBI), Nations Trust Bank has also been building its internal capacity on sustainable financing. Bank is currently exploring value propositions in clean energy, smart mobility and climate smart agriculture. Bank’s digital offerings such as FriMi, Sri Lanka’s first digital bank, is set to make transformational change in making it convenient for customers to opt for low carbon options and avoid redundant use of transport and paper.

“We are really concerned about the impacts of climate change on the quality of life and we are striving to improve our performance in decoupling growth from emissions. We do believe that digital finance can play a role here and we have been innovating in this sphere to make transformational change in the banking industry,” said Nations Trust Bank Chief Executive Officer Renuka Fernando. “We will continue to measure and manage our carbon footprint.” The bank hopes to also position solar net metering systems with the lessors of its branch locations through attractive rates and payment plans during 2018, helping the bank to move towards Sri Lanka’s target of 100% of electricity sourced from renewable sources.

Carbon Consulting Company Chief Executive Officer Sanith De S. Wijeyeratne remarked: “We are pleased that they continue to improve on their environmental performance through regular monitoring and mitigation of their operational greenhouse gases to save our environment for the future. The management team at NTB are leading by example and showing the financial industry how the pursuit of environmental sustainability can be leveraged as a competitive advantage in business. We are pleased that they continue to improve on their environmental performance through regularly monitoring and mitigating their operational greenhouse gases to save our environment for the future.”

 


Share This Article

Facebook Twitter


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Our Cricket Board simply cannot deliver – why not they all quit honourably?

Tuesday, 18 June 2019

“It is necessary, therefore, for the Government to pay serious attention to the doings of Sri Lanka Cricket [board] and take immediate action to lift their game for the progress of our glorious game.” Question for Sri Lanka Cricket (board) Sri La


Yesterday Tamils, today Muslims and tomorrow who?

Tuesday, 18 June 2019

From the time of S.W.R.D. Bandaranaike’s election victory in 1956, one and only one issue had dominated political party campaigns in this country; and that was communalism. The Tamil community was the main focus of these campaigns for over 50 years


Those who go by social proof are easy prey to crafty schemers

Monday, 17 June 2019

Going after social proof Swiss writer and novelist, Rolf Dobelli, in one of the essays in his 2013 book ‘The Art of Thinking Clearly’, has given a fine warning to his readers. He has warned against going by ‘social proof’ or ‘majority view


Poson ponderings on positional power: ‘Authority vested’ vs. ‘authority wasted’

Monday, 17 June 2019

We witnessed a serene Poson Poya, in a far more improved security setting in Sri Lanka. Whilst the Sri Lankan life slowly returning to normal, political fronts do not appear to show the same. Has the political power become the people ‘pava’ (sin)


Columnists More