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Region:

Asia

SBN Member:

Central Bank of Sri Lanka

Year of joining:

2016

Framework:

Roadmap for Sustainable Finance in Sri Lanka (CBSL, 2019)

Sri Lankan Sustainable Banking Principles (SLBA, 2018)

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PILLARS
Indicators for global benchmarking of sustainable finance
STRATEGIC ALIGNMENT Alignment with global E&S standards and best market practices
  • Alignment with global E&S standards and best market practices

    Questions

    Does the framework make reference to international E&S targets (SDGs, Paris Agreement, Global Compact)?

    Does the framework make reference to established international E&S risk management standards (IFC PSs, EPs)?

    Does the framework make reference to established international sustainability reporting standards (GRI, SASB)?

    Does the framework make reference to established international climate finance reporting standards (TCFD)?

    Does the framework ask to make E&S policies, practices and results externally verified (assurance, independent review)?

    Answer Source Reference
    • (1) 1.1 Background (2) Sri Lankan Sustainable Banking Principles https://www.sustainablebanking.lk/industry-guiding-principles

    • (1) 3.2.2 ESG Risk Management

    • (1) 3.2.1 ESG Disclosure - For financial institutions

    • (1) 3.2.1 ESG Disclosure - For financial institutions

    • N/A

Source Reference
(1) 1.1 Background (2) Sri Lankan Sustainable Banking Principles https://www.sustainablebanking.lk/industry-guiding-principles

- In 2015, the United Nations (UN) introduced the Sustainable Development Goals (SDGs) to address these challenges and to call for action by all countries to promote prosperity while protecting the planet. The recently released Special Report of the Intergovernmental Panel on Climate Change (IPCC)1 further highlighted the urgency of meeting the goals set by the Paris Agreement and limiting global warming to 1.5 degrees Celsius. - The Principles are based on leading international sustainable finance standards, and tailored to the Sri Lankan context and development needs

Roadmap for Sustainable Finance in Sri Lanka (CBSL, 2019)Download

Sri Lankan Sustainable Banking Principles (SLBA, 2018)Download

Source Reference
(1) 3.2.2 ESG Risk Management

Global standards and guidelines such as IFC Performance Standards can serve as a reference to assess ESG risk at the project level

Roadmap for Sustainable Finance in Sri Lanka (CBSL, 2019)Download

Source Reference
(1) 3.2.1 ESG Disclosure - For financial institutions

disclose sustainability policies and programs implemented within the organization. Internationally recognized reporting frameworks, such as Global Reporting Initiative (GRI) and CDP reporting frameworks and Task Force on Climate-related Financial Disclosures (TCFD) recommendations could be references.

Roadmap for Sustainable Finance in Sri Lanka (CBSL, 2019)Download

Source Reference
(1) 3.2.1 ESG Disclosure - For financial institutions

disclose sustainability policies and programs implemented within the organization. Internationally recognized reporting frameworks, such as Global Reporting Initiative (GRI) and CDP reporting frameworks and Task Force on Climate-related Financial Disclosures (TCFD) recommendations could be references.

Roadmap for Sustainable Finance in Sri Lanka (CBSL, 2019)Download

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