DFCC Bank joins Partnership for Carbon Accounting Financials

Friday, 2 May 2025 00:25 - - {{hitsCtrl.values.hits}}

DFCC Bank has announced its official membership in the Partnership for Carbon Accounting Financials (PCAF), reaffirming the Bank’s enduring commitment to sustainable finance, transparency, and climate accountability.

As a signatory to PCAF, DFCC Bank will actively contribute to the development and implementation of globally harmonised methodologies to measure and disclose greenhouse gas (GHG) emissions associated with its lending and investment portfolios. This marks a significant milestone in the Bank’s sustainability journey and underscores its commitment to integrating environmental responsibility into core business operations.

DFCC Bank Deputy Chief Executive Officer Shamindra Marcelline said: “Our membership in PCAF is a call to action at an important juncture in our journey ahead. As Sri Lanka charts a course towards a low-carbon future, DFCC Bank is proud to be at the forefront by embedding climate responsibility into the heart of our operations. Through this global collaboration, we will strengthen our ability to measure the environmental impact of our financing, drive meaningful change, and help build a more sustainable, inclusive economy for future generations.”

PCAF is a global collaboration of over 500 financial institutions across six continents, united by a common objective to enable transparent, consistent, and comparable emissions accounting within the financial sector. Through this initiative, members benefit from technical guidance, capacity building, and access to globally recognised standards for GHG reporting—especially relevant as institutions worldwide align with frameworks such as IFRS S2.

DFCC Bank’s participation in PCAF adds to its growing portfolio of sustainable finance initiatives, reinforcing its position as a purpose-driven, future-focused financial institution committed to building a greener, more resilient Sri Lanka.

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