Benchmarking sustainable financing in Sri Lanka and the region, Alliance Finance became the first Finance Company in South Asia to achieve the prestigious status of being a holistic sustainability certified financial institution under the pioneering global Sustainability Standard and Certification Initiative (SSCI) at the World Development Financing Forum, Karlsruhe, Germany.
Benchmarking sustainable financing in Sri Lanka and the region, Alliance Finance became the first finance company in South Asia to achieve the prestigious status of being a holistic sustainability certified financial institution by adopting a pioneering global Sustainability Standard and Certification Initiative (SSCI) recently.
The SSCI is the first global standard for financial institutions encompassing a framework for the holistic integration of social and environmental sustainability, and to drive innovation within the organizational structure ensuring long-term benefits. It enables institutions to create new income streams and opportunities for mobilizing funds to finance businesses and projects that create meaningful social and environmental impacts. This certification will ensure that the work and strategies of Alliance Finance are compatible with the Global UN Sustainable Development Goals (SDGs) and national development agendas.
This award was received on behalf of Alliance Finance by Her Excellency Manori Unambuwe, the Sri Lankan Ambassador to the Federal Republic of Germany at World Development Financing Forum, held in Kalsruhe, Germany. It was attended in person and through video link by ambassadors, ministers, central bank governors, CEOs and senior members of the financial community from around the world.
As one of Sri Lanka’s oldest finance companies, Alliance Finance has, since 1956, serviced a client portfolio built on trust and integrity with an underlying commitment to sustainable growth and prosperity.
The company’s purpose statement, ‘make the world a better place through sustainable financing’ is the mandate with which all corporate activity revolves around, ensuring its management, employees, and all stakeholders fulfil this requirement.
During the past decade, Alliance Finance has accelerated its sustainability efforts by aligning the business with national goals and adopting international best practices in sustainability. The company’s corporate strategy was formulated encompassing sustainable aspects that would enable the business to derive value at every level.
