ComBank Appointed Patron of UNGC Sri Lanka Working Groups 📈
• Overall Commitment: Commercial Bank of Ceylon has signed a two-year MoU to become the Patron of two key UN Global Compact (UNGC) Network Sri Lanka Working Groups: ‘Diversity & Inclusion’ and ‘Water & Ocean Stewardship’. This reinforces the bank’s status as a leader in ESG (Environmental, Social, and Governance) and responsible finance. • Strategic Focus Areas: • Environmental: Focuses on sustainable water management, ocean stewardship, and marine ecosystem restoration (e.g., mangroves and coral reefs). • Social: Aims to foster equitable workplaces, promote gender equality, and enhance economic participation for women entrepreneurs and SMEs. • National & Global Context: • First Bank in SL to join UNGC (2002). • Market Position: First Sri Lankan bank to exceed US$ 1 Bn market capitalization. • Sustainability: Recognised as Sri Lanka’s first 100% carbon-neutral bank. • Impact on Business: The partnership will provide clients with access to sustainability-linked knowledge, advisory services, and specialized green financing solutions, helping local businesses align with international standards to improve global competitiveness.