Alliance Finance crowned at ADFIAP Awards 2021 for sustainability drive

Alliance Finance Co. PLC (AFC) has clinched two awards in recognition of its commitment towards socially and environmentally sustainable practices, at the Association of Development Finance Institutions of Asia and the Pacific (ADFIAP) 2021 Awards ceremony. 
AFC won the Merit Award under the Outstanding Development Projects – Corporate Social Responsibility category, for its One Million Trees for Unity Project and another special award under the Best Sustainability Report category. 

AFC emerged victorious for its flagship environmental sustainability project ‘One Million Trees for Unity’, which was launched in 2019 as the second phase of the AFC ‘Thuru Mithuru’ programme. 
During the first phase of the project, AFC pioneered in planting over 176,000 trees across the island with the participation of over 370,000 school children in 991 schools. 

AFC’s latest tree planting campaign pledges to plant one million trees by 2024 and support the fight against climate change. The ongoing project has contributed  over 300,000 trees to the Mother Nature with the support of project partners such as the, Tri forces of Sri Lanka, Road Development Authority (RDA), Lions Club, Norochcholai Power Plant, State Universities, schools and religious places.
This year’s special award for the sustainability report is the second international recognition AFC has received for an annual report. 

“Since we adopted the triple bottom line business philosophy in 2012 by institutionalising the values and principles of our founders, we have been constantly focusing on social endeavours and environment protection initiatives with a deep understanding of our share and responsibility towards the society and environment,” said Alliance Finance PLC Deputy Chairman/Managing Director Romani de Silva commenting on the sustainability measures taken by the company.

AFC invests about 3-4 percent of its profit each year towards sustainability initiatives. AFC’s contribution towards sustainability initiatives during FY20/21 has accounted for over Rs. 12 million, which included initiatives with great social impact.  
In 2020, AFC became the first finance company in South Asia to be certified for holistic sustainability under the pioneering Sustainability Standards and Certification Initiative (SSCI).