🌱 CDB Joins Global Carbon Accounting Network for Green Financing

Citizens Development Business Finance PLC (CDB) has officially become a signatory to the Partnership for Carbon Accounting Financials (PCAF), reinforcing its commitment to Sri Lanka's low-carbon transition. • Strategic Commitment: CDB joins a global network of over 700 financial institutions across six continents. The partnership establishes a harmonized framework to measure and disclose greenhouse gas (GHG) emissions linked directly to its lending and investment portfolios. • National & Financial Context: The move shifts focus toward financed emissions—where CDB's largest environmental impact lies—rather than just internal operations. By adopting the PCAF Standard, CDB aligns with evolving local regulatory expectations, specifically the Sri Lanka Financial Reporting Standard (SLFRS) S2. • Economic Impact: The integration supports CDB’s dual-pillar sustainability strategy (Net Zero and Social Consciousness). It allows the institution to drive decarbonization across local industries, manage climate risks in long-term growth planning, and empower greener financing decisions to support Sri Lanka's broader climate transition.