ComBank crowned ‘Green Brand of the Year’ with Gold at SLIM Brand Excellence Awards

The Commercial Bank of Ceylon won the Gold as Sri Lanka’s ‘Green Brand of the Year’ at the 2024 Brand Excellence Awards of the Sri Lanka Institute of Marketing (SLIM) in a fitting recognition of the Bank’s uncompromising commitment to sustainability.

The award recognises the substantial investments and noteworthy progress the Bank has made in advancing the cause of sustainability beyond its own operations to encompass nationally-significant initiatives that engage with communities across the country.

Prominent among these initiatives was the launch in 2023, and the completion in just 12 months, of the planting of 100,000 trees in ecologically important locations under the Bank’s ‘Trees for Tomorrow’ programme, and the Bank’s commitment to plant another 100,000.

Sri Lanka’s first carbon neutral bank – an achievement of 2021 – Commercial Bank’s sustainability journey began 25 years ago and has steadily gained momentum over the last four years. It has generated several sustainability-linked firsts for the Bank as well as the country.

In the year assessed for the SLIM Green Brand of the Year award, Commercial Bank reduced its CO2 emissions by a further 233,918 tonnes, reduced paper usage by 47.57%, recycled 286,240 kgs of paper, and increased the number of branches powered by solar energy to 82.

Among other significant achievements of the year was the launch of Sri Lanka’s first Green Home Loans scheme and surpassing 1 million customers for its flagship ComBank Digital app, promoting sustainable banking practices.

Notably, Commercial Bank commenced 2024 with the launch of its evolved logo featuring a green element to represent the Bank’s multifaceted commitment to sustainability, encompassing diversity, inclusivity, good governance, transparency, social equity, accountability and eco-friendly banking solutions.