DFCC, DVB first banks to pledge support to Earth Hour

Saturday, 16 March 2013 00:00 -     - {{hitsCtrl.values.hits}}

Two of Sri Lanka’s leading banks, DFCC Bank and its retail banking subsidiary DFCC Vardhana Bank (DVB), commit to join millions globally, to celebrate Earth Hour on 23 March 2013 at 8:30 p.m. They will be the first banks in Sri Lanka to pledge their support to this global initiative.

DFCC Bank and DVB, remain committed to environment sustainability, as the banking group proudly joins the movement which began in 2007, highlighting the significance of global warming and other environmental issues, by encouraging individuals and organisations to turn off all non-essential lights for 60 minutes.

Earth Hour, a global event organised by the World Wildlife Fund asks businesses and households to turn off non-essential lights and other electrical appliances for one hour, to raise awareness towards the need to take action on climate change.

DFCC and DVB call upon fellow members in the banking sector, businesses and individuals to come together and participate in the largest mass movement to date.

DFCC is a strong advocate of the environment, and has contributed in many ways to its sustainability. Their commitment to the environment was showcased when they pioneered the development of sustainable energy in Sri Lanka, by supporting the first private sector grid-connected small hydropower project in the mid 1990’s.

Since then, the Bank has made steady progress resulting in being recognised as the premier resource centre for developing the country’s renewable energy sector.

In addition to this, the banking group has been involved in promoting environmental stewardship in schools under the ‘6S implementation in schools project’ which aimed to educated students on the need to conserve the natural environment and minimise negative impacts resulting from human behaviour.

Speaking of the DFCC and DVB’s commitment DFCC Bank CEO Nihal Fonseka said: “Supporting Earth Hour is in line with our Corporate Sustainability strategy. We are a banking group that strongly believe in the preservation of the environment; therefore, we feel it is in the best interest of our community to serve as an example for the wider society to adopt a sustainable and responsible attitude towards preserving the environment.”

DFCC Vardhana Bank CEO Lakshman Silva said: “A selected committee at branches islandwide will leverage participation on a broader scale in gaining support for Earth Hour, by encouraging our employees, customers, their families and friends to pledge their support by switching off and thinking about the environment in their day-to-day lives while adopting habits that aid conservation of our precious resources.”

The Banks said that Earth Hour 2013 plays a strategically integrated approach to embedding sustainability into DFCC and DVB’s core business practices, while promoting the culture of sustainability amongst its key stakeholders.  DFCC ranks as one of the country’s top banks with sustained profits and consistent growth. Set up by an act of Parliament in 1955, the Bank has pioneered many innovations in Sri Lanka’s financial sector, and has been the financier of trail blazing Lankan entrepreneurs.

Today the DFCC Group’s total asset base is LKR 136.4 billion. DFCC Bank and its retail banking subsidiary DFCC Vardhana Bank together, functions as an effectively integrated entity in the financial services sector offering the full range of business and personal banking services seamlessly through a unified distribution channel of 129 branches and extension offices; and includes 70 service units across the Sri Lanka Post network.