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ComBank secures Global Finance Asia-Pacific regional award for Circular ...
The Commercial Bank of Ceylon has been named the Asia Pacific regional winner of the Circular Economy Commitment award at the sixth annual Sustainable Finance Awards presented by Global Finance, securing a significant third-party endorsement of the Bank’s commitment to sustainable and responsible banking. The award recognises leadership in advancing financing initiatives that promote the reuse and regeneration of materials and resources, thereby supporting production models that are environmentally sustainable and climate-resilient. Among the other regional recipients of the Circular Economy Commitment award this year are Scotiabank for North America and VUB for Central and Eastern Europe. Mr. Kapila Hettihamu, Chief Risk Officer at Commercial Bank, accepted the award on behalf of the Bank at the presentation ceremony held recently at Landing 42 in London. Global Finance announced the winners of its Sustainable Finance Awards programme for 2025, honouring global, regional and local leadership in funding initiatives designed to mitigate the negative impacts of climate change and contribute to a more sustainable future. Winners were selected by the editors of Global Finance based on formal submissions and independent research, with evaluation criteria encompassing governance policies, strategic goals and measurable achievements in environmental and social sustainability financing during the period January to December 2025. Winners have been chosen in areas such as overall sustainability financing, excellence in bond issues, community support, resource management, transparency and reporting, infrastructure, and emerging-markets sustainability funding, the magazine said. Commercial Bank’s Green Financing Strategy provides the governance foundation for directing financial resources towards low-carbon, climate-resilient and environmentally beneficial projects. The strategy is aligned with the CBSL Green Finance Taxonomy, The UN Sustainable Development Goals and Sri Lanka’s Nationally Determined Contributions. It guides the identification, assessment and monitoring of projects that generate measurable climate impact, including renewable energy, energy efficiency, climate-smart agriculture, sustainable transport, waste management and green buildings. Commercial Bank utilises the Climate Assessment for Financial Institutions (CAFI) tool, developed by the International Finance Corporation (IFC), to systematically evaluate and quantify the climate impact of its gree...
finews.asia: Where Finance Meets
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Increased momentum towards a circular economy: drastic changes and ...
Increased momentum towards a circular economy: drastic changes and opportunities to transform the GCC region 28 August 2022 The global economic downturn, caused by the pandemic, has brought the term 'circularity' centre stage, renewing the call for a global collaboration to replace the conventional linear model.
BN pours cold water on PN offer over Negri Sembilan leadership crisis ...
Southeast Asia is emerging as a key force in the global artificial intelligence agenda, driven by strong investment and accelerating enterprise adoption. A significant gap exists between high AI investments and measurable financial returns, with most companies yet to see transformative results.
