CDB is now part of a network of 700+ financial institutions, underscoring its growing focus on green financing, committing to measure and disclose GHGs of lending and investment portfolios

In a decisive step towards climate transition, Citizens Development Business Finance PLC (CDB) has become a signatory to the Partnership for Carbon Accounting Financials (PCAF). The initiative highlights CDB’s growing focus on green financing and its role in shaping a more sustainable economic future for Sri Lanka.

PCAF brings together a global network of more than 700 financial institutions committed to measuring and disclosing greenhouse gas emissions from lending and investment portfolios. As a global collaboration, it enables harmonised assessments and disclosures of financed emissions and, with members across six continents, provides a globally recognised framework for transparency and accountability.

CDB recognises that its greatest environmental impact arises not from its own operations, but from the businesses and projects it finances. By adopting the PCAF Standard, CDB gains clearer insight into the climate impact of its portfolio, aligns with evolving reporting expectations such as SLFRS S2 and lays the foundation for setting credible climate targets and transition pathways.

CDB’s sustainability strategy is anchored on two pillars: Net Zero and Social Consciousness. Through sustainable financing solutions, the organisation drives decarbonisation across sectors while embedding climate considerations into business strategy and long-term growth planning.

Deputy CEO of CDB, Damith Tennakoon, commented: “Joining PCAF is a decisive step in strengthening our sustainability journey. It enables us to measure and disclose the climate impact of our portfolio with greater clarity while aligning with global best practices. This commitment not only enhances transparency but also empowers us to make more informed financing decisions that support Sri Lanka’s transition to a low-carbon economy. At CDB, we believe responsible finance is central to building a greener, more inclusive future.”

About CDB
Citizens Development Business Finance PLC (CDB) is a leading Sri Lankan non-bank financial institution committed to inclusive growth and sustainable development. Through responsible, transparent, and customer-centric financial solutions, CDB empowers individuals, entrepreneurs and businesses, enabling vehicle ownership, enterprise growth and long-term financial security while creating meaningful impact nationwide.