Sri LankaCompare with
Central Bank of Sri Lanka
Does the country policy require one of the FI’s governing bodies (e.g., Board of Directors, Executive Committee, Supervisory Board, etc.) to approve an E&S strategy?
Does the policy require management to report on E&S strategy implementation to the governing bodies?
Does the policy require FI operational bodies to report to the governing bodies (or specific Board committee) on implementation of the E&S strategy?
Does the framework ask FIs to define E&S roles and responsibilities?
Does the framework highlight the E&S roles of front office staff and second lines of defense (e.g. risk officers and/or compliance officers)?
Does the framework ask FIs to define E&S competencies for each role?
(1) 3.2.2 ESG Risk Management (2) Sri Lankan Sustainable Banking Principles - Principle 5 - https://sustainablebanking.lk/industry-guiding-principles
Establish E&S governance responsibility, including clear lines of responsibility and accountability Incorporate ESG to corporate governance especially by defining roles and responsibilities of the board and senior management with regard to ESG issue
Roadmap for Sustainable Finance in Sri Lanka (CBSL, 2019)Download
Sri Lankan Sustainable Banking Principles (SLBA, 2018)Download