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Environment Responsibility

DFCC Bank PLC is a strong advocate of environment protection, and we strive to minimise adverse impacts on the environment. As a financial services provider, our impacts on the environment are mostly indirect. However, we continually encourage our clients, employees and service providers to adopt environmentally responsible practices.

The direct environmental impacts we address include those associated with materials, energy, waste and transportation.

Managing resource consumption

We periodically review our resource consumption and look at innovative methods of conserving energy and providing business solutions in a proactive manner. The 3R concept – reduce, reuse, recycle – is strictly used when procuring and managing resources.

Integration with business processes

We give high priority to environmental & social appraisal in making investment decisions and managing internal operations, being fully aware that economic development creates an impact on the environment and social aspects of life.

Thus, we have established an Environmental & Social Management System (EMS) which ensures that the performance of existing operations and environmental/social implications due to proposed projects are reviewed, and subsequent monitoring is carried out to maintain stipulated environmental standards.

Staff Awareness

DFCC Bank educates staff on concepts related to sustainability and environment protection via a module on DFCC’s E-learning portal as well as through regular articles featured in its weekly newsletter.

 

Sustainability Initiatives

 

COMMEMORATING WORLD ENVIRONMENT DAY ON 5TH JUNE 2015

COMMEMORATING WORLD ENVIRONMENT DAY ON 5TH JUNE 2015

A Tree Planting Ceremony was held on Friday 5 June 2015 to commemorate World Environment Day at the DFCC Bank Head Office.

COMMEMORATING WORLD ENVIRONMENT DAY ON 5TH JUNE 2015

A Tree Planting Ceremony was held on Friday the 5th of June to commemorate World Environment Day at the DFCC Bank Head Office. The two trees that will dominate the porch area of the Head Office in the future were jointly planted by Mr. Arjun Fernando – CEO, DFCC Bank and Mr. Palitha Gamage – Executive Vice President.

Global Climate March

Global Climate March

The Global Climate March was organised by "Earth Hour Sri Lanka" in Colombo on the 29th of November, and DFCC Bank also joined the Climate March in support of this global initiative.

Global Climate March

The Global Climate March was organised by "Earth Hour Sri Lanka" in Colombo on the 29th of November, and DFCC Bank also joined the Climate March in support of this global initiative.

EARTH HOUR 2015

EARTH HOUR 2015

DFCC Bank PLC supports Earth Hour every year, which is a global event organised by the World Wildlife Fund...

EARTH HOUR 2015

DFCC Bank PLC supports Earth Hour every year, which is a global event organized by the World Wildlife Fund. The program aims to create awareness on climate change by getting businesses and households to turn off non-essential lights and other electrical appliances for one hour.

The Bank supports this initiative by switching off all signboard lights across all our branches and serving as an example to the wider community to adopt a more responsible attitude towards the environment.

PROMOTING RENEWABLE ENERGY

PROMOTING RENEWABLE ENERGY

DFCC Bank PLC’s foray into the renewable energy sector is significant. In 1994, the Bank financed Sri Lanka’s first ever privately owned, grid connected mini-hydro power plant,

PROMOTING RENEWABLE ENERGY

DFCC Bank PLC’s foray into the renewable energy sector is significant. In 1994, the Bank financed Sri Lanka’s first ever privately owned, grid connected mini-hydro power plant, with both long term debt and equity. The Bank also financed a pioneering manufacturer of turbines for local and foreign hydro power plants. This project was the recipient of ADFIAP’s award for ‘Outstanding Project – Technology Development’. Assistance has also been extended to local hydropower developers to set up projects overseas.

DFCC Bank PLC was also the pioneer financier for private sector wind power projects in the country, when it part-financed the first wind power project in 2010. The Bank’s involvement extended beyond mere financing - to facilitating the introduction of a cost-based, technology specific tariff structure. This enabled projects using wind technology to be commercially viable and has spurred development of this form of renewable energy in Sri Lanka. The success of these pioneering projects has catalysed the setting up of several other ventures resulting in thriving industries. Today, hydro and wind power combined supplies nearly 10% of the country’s power needs.

More recently, DFCC recorded another first, adding Solar Energy to its Renewable Energy Portfolio. The Bank in November 2015 approved a project loan to Saga Solar (Pvt) Ltd; a ground breaking initiative undertaken by a team of investors and backed with the expertise of professionals in the Solar Energy sector. Analyzed and structured by DFCC’s own multifaceted team, this transaction speaks volumes of the Bank’s commitment to develop the renewable energy sector as well play a pivotal role in the economic development of the country.

Solar energy has been regarded as the green energy category with the highest potential and is expected to form the future of Sri Lanka’s green energy drive. There have been solar applications in the country before on a small scale such as domestic solar PV systems, solar powered drip irrigation, street lamps and electric fences. However, this project will be the first large scale commercial solar project with grid connectivity. The project will add 10 Mw of generating capacity and is located at a 45 acre site in Hambantota.

The Bank is confident that this project will set the stage for other solar energy developers, lending agencies and equity investors to increase their focus on the Solar Energy sector.