Alliance Finance Company PLC (AFC), Sri Lanka’s third oldest finance company has earned international recognition for its contribution towards sustainable value creation in business practices.
This is by being accepted into the Sustainable Standards and Certificate Initiative (SSCI), which is a global initiative that is promoted by the European Organization for Sustainable Development founded through an European Union initiative (EOSD) and supported by the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) and the Association of African Development Finance Institutions (AIAFD/AADFI).
AFC becomes one of just three companies in the world to receive this honour and the first from the Sri Lanka banking and non-banking Sector. AFC will now serve as a member of this pioneering initiative and help draft the first global standard for Sustainable Banking and Finance. Selection to the prestigious initiative was done on evaluation of AFC’s business practices that have contributed towards sustainable value creation over the last several years.In 2017, AFC became the first financial institution in Sri Lanka’s Non Bank Finance Institutions (NBFI) sector to commit to the UN’s Sustainable Development Goals and Paris Agreement on climate change by signing the Karlsruhe resolution on July 13, 2017.
Under the leadership of Managing Director Romani de Silva, the company has integrated sustainability into its business model successfully.