SDB bank Takes Strides Towards Sustainability

May, 27, 2024

Commitment to ESG and Innovative Sustainable Financing Initiatives

In the dynamic landscape of Sri Lanka's banking industry, SDB bank emerges as a catalyst, embodying a forward-thinking, values-driven ethos while placing sustainability at the forefront of its strategic vision.

Over recent years, SDB bank has embarked on an exceptional journey in ESG (Environmental, Social, and Governance) initiatives, spanning a broad spectrum of impactful programs. From supporting SMEs and empowering women to fostering financial and digital inclusion, the bank has cultivated a sterling reputation for excellence across social, economic, and environmental sustainability fronts.

A standout achievement in environmental sustainability is the groundbreaking ecosystem restoration project in Dewahandiya East Village. Encompassing 25 hectares of degraded land, this initiative not only rejuvenates the landscape but also provides alternative sources of income for over 90 families through the cultivation of meat substitutes and herbal superfoods. Launched in celebration of SDB Bank's 25th anniversary, this unique endeavor seamlessly intertwines environmental and economic sustainability, epitomizing the bank's holistic vision.

In the realm of renewable energy, SDB bank plays an active role in propelling Sri Lanka towards a greener future. Strategic partnerships with industry leaders in solar energy enable the bank to finance multiple solar projects, driving significant progress towards the nation's renewable energy targets. The bank's transition to solar power in its branch network, with operational installations in Kaluthara and Horana, underscores its commitment to sustainable infrastructure by 2030.

As a prominent player in Sri Lanka's SME banking landscape, SDB bank remains steadfast in nurturing entrepreneurship and fostering economic growth. Particularly noteworthy is the bank's focus on supporting women entrepreneurs beyond financial assistance, offering vital resources such as financial literacy programs and digital inclusion initiatives. By empowering women in business, SDB bank drives inclusive growth and fosters a more equitable society.

With deep-seated relationships in the cooperative sector, SDB bank fosters collaboration and empowerment through various initiatives, driving inclusive growth consistently. Its community engagement programs uplift and support communities while fostering social cohesion. In 2023 alone, the bank empowered over 3200 individuals through programs aimed at enhancing financial literacy and imparting essential skills.

As a futuristic, socially responsible financial institution, SDB bank reflects on a journey characterized by remarkable progress and unwavering dedication to its founding principles. From pioneering sustainability initiatives to empowering entrepreneurs and communities, SDB bank remains resolute in its mission to drive positive change and foster sustainable development.

Looking ahead, the bank reaffirms its dedication to advancing a more sustainable and prosperous Sri Lanka.