Businesses have taken on a greater role in protecting the environment as the world grapples with numerous environmental issues due to irresponsible consumption. Enterprises are working closely together with government, business partners and customers to develop business models that are better for the environment, society and their bottom line. Sampath Bank is an example of a responsible enterprise that continues to champion the cause for the environment.
Since its inception sustainability has been a priority for the Bank. It has always adopted an environmentally-friendly business model through the use of emerging technologies.
Sampath Bank’s continued investments in digitalization of its core operations is one of its key drivers for its sustainability efforts. The Bank has introduced many innovative digital solutions to the market over the years, including Payeasy, WePay, Sampath Vishwa and Slip-less Banking. They have made it easier for consumers and businesses to access financial services. This has allowed more Sri Lankans to access these services. They also play a significant role in protecting the environment by enabling Bank customers and business partners to reduce their environmental footprint.
The Bank’s commitment to the environment extends beyond its business dealings. Sampath Bank is an active partner in the country’s Non-Conventional Renewable Energy sector (NCRE). It has provided financing for several renewable energy projects on the island.
Sampath Bank is constantly looking at every aspect of its operations to find ways to minimize its environmental impact. Sampath Bank has been increasing the use of energy-efficient lighting and air conditioners to increase its energy efficiency and reduce energy consumption. Sampath Bank has been looking at alternative energy sources for its operations. In 2016, the Bank began a solar migration program and has now installed rooftop solar systems in several branches.
The Bank is acutely aware that what gets measured gets done. The Bank monitors its environmental performance, and compares it with peers. Sampath Bank closely monitors the Bank’s Carbon Footprint and measures direct and indirect emissions using a Greenhouse Gas (GHG protocol). This data is captured in the Bank’s annual Greenhouse Gas Emissions Inventory Report. It helps strengthen its carbon management strategy, and explore new opportunities for carbon reduction.
“Sri Lankan society has always placed great emphasis on living in harmony with nature. Our culture has been a strong advocate for conserving natural resources, and protecting the environment. Sampath Bank, a responsible business that takes pride in its Sri Lankan roots and continues to invest in energy conservation and CSR initiatives that are environment-friendly, is committed to environmental sustainability. We are expanding our community outreach and sustainability efforts to make a bigger impact on society as well as the environment in light of growing concerns about global warming. We will continue to engage with all stakeholders to present a better future for all Sri Lankans,” said Nanda Fernando, Managing Director, Sampath Bank PLC.
Sampath Bank has invested heavily in the environment, beyond its business activities. It also has its strategic corporate social responsibilities initiatives.
Sampath Bank takes pride in Sri Lanka’s heritage and is therefore well aware of the importance of the country’s network of inland tanks, or wewas, which were built centuries ago by our kings. The tanks provide water for irrigation and domestic use in Sri Lanka’s dry and intermediate areas. They also support rich ecosystems containing countless plants, animals, and insects. Through its flagship CSR program, Wewata Jeewayak, the Bank has been restoring old tanks. The project has already seen the renovation of 10 tanks, with work currently underway on three more. The restoration of these tanks ensures a reliable supply of water for families involved in agriculture and related activities. It also helps to sustain and nurture the region’s biodiversity.
Biodiversity Sri Lanka, the Bank and a 5-year-old project are also involved in to restore ten hectares in degraded forest land within the Halgahawala Forest Reserve. This is located in Opatha in Galle. The International Union for Conservation of Nature, (IUCN), and the Forest Department of Sri Lanka offer technical assistance to the program. This is intended to increase the number of plant species in the area from 9,900 to 30,000. To nurture a variety species, a plant nursery with 4,500 plants was established.
Sampath Bank has supported Sri Lanka’s Wildlife and Nature Protection Society (WNPS), conservation efforts for more than 27 year. The Bank has contributed Rs. For every Sampath Debit Card that is issued, the Society will receive 5/-
Gasai Mamai Pubudu Potai, which aims to encourage young Sri Lankans into being more environmentally aware, is another way that the Bank engages with schoolchildren. Sampath Bank offers fruit saplings for children in primary schools under this unique program. These saplings are planted in the school grounds and children are given the responsibility of caring for them until they become fruit bearing trees.
Sampath Bank has the environment at its core. This is evident in everything it does, from its core operations to its community outreach efforts.