DFCC Bank first to launch Green Fixed Deposits in Sri Lanka

From left: DFCC Bank PLC VP Sustainability and Consulting Nalin Karunatileka, Manager Offshore Banking and Trade Business Development Kushani Jayasinghe, VP Treasury and Investment Banking Channa Dayarathne, SVP Treasury and Investment Banking Prins Perera, SVP Offshore Banking, Remittance and Business Development Anton Arumugam, Director/CEO Thimal Perera, UNDP Sr Lanka Resident Representative Azusa Kubota, USAID Catalyse Private Sector Development Activity Activity Team Lead Uan Forero, Ceylon Chamber of Commerce CEO and Secretary General Buwanekabahu Perera, DFCC Bank PLC VP/Head of Marketing and Sustainability Nilmini Gunaratne and AVP Offshore Banking, Remittance and Business Development Iranga Amilana

DFCC Bank, a pioneer of sustainable finance in Sri Lanka, has taken another significant step towards supporting environmental protection, climate adaptation and other sustainability initiatives. 
Adding to its list of achievements and innovations towards this cause, DFCC Bank recently launched its groundbreaking Green Fixed Deposit. 

Fuelling yet another revolution in Sri Lanka, DFCC Bank’s Green Fixed Deposits are specifically designed to support and promote environmentally sustainable initiatives. These deposits are aimed at directing funds towards projects and activities that positively impact the environment and contribute to sustainability.

The new DFCC Green Fixed Deposit was launched at a special ceremony held at the DFCC Bank head office. Distinguished guests, including UNDP Sri Lanka Resident Representative Azusa Kubota, USAID Catalyse Private Sector Development Activity Activity Team Lead Juan Forero, Ceylon Chamber of Commerce Chief Executive Officer and Secretary General Buwanekabahu Perera, DFCC Bank PLC Director/CEO Thimal Perera, along with the DFCC Bank’s senior management team and staff were present at the occasion.

Commenting on the launch, Perera said, “We recognise the urgent need to address the threats to our planet’s sustainability and survival. Therefore, we are dedicated to contributing to social and environmental wellbeing through a range of sustainability initiatives. We are promoting energy efficiency and conservation, encouraging renewable energy sources, reducing greenhouse gas emissions and minimising other pollutants and more through our financing activities and internal and external awareness campaigns. With DFCC Green Fixed Deposits, we are leading the way towards fostering a greener and more sustainable future and we invite all Sri Lankans to join the green revolution whilst growing their savings and investments.”

With its low carbon footprint and yet vulnerable status, Sri Lanka has demonstrated remarkable determination to combat climate change. The country has set ambitious targets to increase its forest cover to 32 percent by 2030 and reduce greenhouse gas emissions by 14.5 percent. Furthermore, Sri Lanka has established a goal of achieving 70 percent renewable energy in electricity generation by 2030. President Ranil Wickremesinghe’s visionary plan to establish the Climate Change University in Sri Lanka in 2024 underscores the nation’s dedication to addressing climate-related challenges. Thus, the launch of DFCC Green Fixed Deposits aligns with this national drive towards a more sustainable future.