NDB Bank Advocates for Sustainability at the Code Red Sri Lanka Climate Summit 2024

May, 17, 2024

NDB Bank reaffirms its commitment to sustainability by actively participating as a cosponsor in the inaugural Sri Lanka Climate Summit organised by the Ceylon Chamber of Commerce on ‘Climate Action for our Nation and the Planet’. The summit, held from 7th to 9th May, aimed to catalyse climate action at the boardroom level and engage stakeholders in driving policies that facilitate climate action nationally and corporately.

As a leading financial institution, NDB recognises the urgent need to address climate change and its impact on communities and businesses. The Bank's participation in the summit underscores its dedication to promoting sustainable practices and environmental stewardship.

The summit featured a line-up of over 60 speakers and panellists, including experts from overseas and Sri Lanka, discussing crucial topics such as the global and local impacts of the climate crisis, risks to businesses, climate resilience, decarbonisation, climate justice, and equity, among others. The event also focused on industry-specific sessions, highlighting challenges and opportunities in agriculture, tourism, construction, mobility, energy, and industry.

NDB's involvement in the summit aligns with its sustainability agenda, which emphasises climate action and green growth. By cosponsoring this event, NDB aims to showcase its commitment to sustainable finance and its role in driving climate action in Sri Lanka.

Through its participation, NDB had the opportunity to engage with key stakeholders in dialogue to further the development of a Climate Action Plan. The Bank remains steadfast in its commitment to supporting initiatives that promote sustainability and create a positive impact on society and the planet.

NDB Bank is the fourth-largest listed commercial bank in Sri Lanka. The Bank was named the Retail Bank of the Year (Sri Lanka) at Asian Banking & Finance Retail Banking Awards 2023 and the Best Corporate Bank 2023 by Asiamoney and also emerged as the Most Awarded Corporate in Sri Lanka in 2022 for the second consecutive year, as per the annual rankings of Sri Lankan publication LMD. The Bank was adjudged the Best Bank in Sri Lanka 2022 by Global Finance USA and Euromoney in their annual best bank awards programmes. Additionally, The Bank was named one of the "Top 50 Best Workplaces in Sri Lanka 2022" by Great Place To Work, USA. NDB is the parent company of the NDB Group, comprising capital market subsidiary companies, together forming a unique banking and capital market services group. The Bank is committed to empowering the nation and its people through meaningful financial and advisory services powered by digital banking solutions.