First Capital Asset Management creates history with UN-supported principles for responsible investment

First Capital Holdings PLC has announced that its sub-subsidiary, First Capital Asset Management Ltd., has become the first corporate in the country to sign on to the United Nations-supported Principles for Responsible Investment (PRI). 

This milestone highlights the group’s commitment to responsible and sustainable investing and positions First Capital Asset Management at the forefront of ESG-driven investment practices in Sri Lanka.

First Capital’s sustainability journey is anchored in the belief that long-term success stems from empowering people through financial literacy and responsible social and environmental practices. At the heart of the agenda is a commitment to advancing financial stability, enabling individuals and communities to make informed financial decisions, build economic strength and contribute meaningfully to national development. This core focus is complemented by initiatives in community engagement, climate action, and environmental protection, ensuring a balanced approach to sustainable growth. Aligned with global best practices, programs are championed that promote inclusive progress, sustainable development and long-term financial wellbeing across Sri Lanka. By embedding financial literacy and sustainability into core strategies, First Capital aspires to create a financially empowered and environmentally conscious nation.

The PRI is a global network of investors working to integrate sustainability and governance-related factors within investment practices to build a more sustainable and resilient global economy. With thousands of signatories worldwide, the PRI framework reflects a shared commitment to greater transparency, stronger governance and long-term value creation.

By joining the PRI, First Capital Asset Management formally commits to embedding ESG considerations into its investment analysis and decision-making processes. The company will act as an active owner by integrating ESG aspects into its stewardship and engagement practices, while also seeking improved and transparent ESG disclosures from the entities in which it invests. In addition, First Capital Asset Management will champion wider industry acceptance of responsible investment practices, collaborate closely with the PRI Secretariat and fellow signatories to enhance implementation efforts, and provide regular reporting on its progress and activities related to the principles.

First Capital Asset Management CEO Kavin Karunamoorthy said: “Responsible investing is essential to strengthening long-term performance and managing emerging risks. Aligning with the PRI ensures that global best practices guide our investment philosophy, making our portfolios strong, competitive and aligned with international sustainability expectations. This achievement reflects our dedication to delivering positive impact alongside strong financial outcomes also positions us as a pioneer in Sri Lanka’s fund management industry”

Principles for Responsible Investment Interim CEO Cambria Allen-Ratzlaff said: “We are delighted to welcome First Capital Asset Management as a signatory to the PRI. First Capital Asset Management’s commitment to incorporating sustainability-related factors into investment analysis reflects a growing recognition of the value of responsible investing globally for generating long-term returns. We look forward to working together with them in the future.”

With this landmark signing, First Capital Asset Management sets a new benchmark for Sri Lanka’s financial sector, demonstrating leadership in responsible investment and a firm commitment to supporting sustainable economic growth.