CDB concludes Climate Transition Plan Phase 1

► CLIMATE TRANSITION PLAN BENEFITS FROM IFC'S TECHNICAL ASSISTANCE ► CONCLUSION OF PHASE I MARKS SIGNIFICANT ACHIEVEMENT IN CDB'S JOURNEY TOWARDS SETTING FOUNDATIONS FOR NET ZERO ► INITIATIVE TRANSLATES CDB'S NET ZERO JOURNEY TO A SCIENCE-BASED APPROACH

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Achieving a major milestone in its goal towards achieving net zero, Citizens Development Business Finance PLC (CDB) of Sri Lanka concluded Phase I of its Climate Transition Plan.

With technical assistance received from the International Finance Corporation (IFC) and support from the European Union, under its Accelerating Climate Smart and Inclusive Infrastructure in South Asia programme, this foundational phase of the Climate Transition Plan is a robust framework that quantifies and manages operational and portfolio emissions.

CDB Deputy CEO Damith Tennakoon recalled that in April 2024, CDB inked a technical assistance agreement with the IFC to enhance the company's plans for sustainable growth that benefits everyone.