ComBank's sustainability leadership inspires UN Global Compact Annual Sessions in New York

The sustainability leadership of the Commercial Bank of Ceylon was brought into focus on the global stage when Hasrath Munasinghe, Deputy General Manager Corporate Banking of Commercial Bank of Ceylon PLC shared insights at United Nations Global Compact (UNGC) annual sessions held in conjunction with United Nations General Assembly (UNGA) annual sessions in New York.

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The forum was attended by over 500 delegates from 69 countries across the world.

Munasinghe who also serves as a trustee of the Bank's CSR Trust, is a member of the executive sustainability committee of the bank and a board director of the UNGC network in Sri Lanka spoke on Sri Lanka's sustainability landscape at the Asia & Oceania Leadership Round Table where representatives from 14 countries presented.

In his comments, Munasinghe highlighted the Asia Pacific region as a biodiversity hotspot with a vital role in advancing global sustainability. He stressed that the region's rich resources, including its human capital, create significant opportunities for investments in social enterprise, sustainability related bonds, climate transition, biodiversity, AI based technology projects and diversity and gender-focused projects. Reflecting this vision, Commercial Bank has embedded sustainability into its core operations and emerged as a leader in the sector, setting benchmarks through responsible banking practices and pioneering initiatives that align growth with environmental and social priorities, he said. He also spoke of special financing opportunities such as climate financing for energy transition and inclusive gender smart finance.