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“One million trees for unity” wins Outstanding Sustainable Project Financing category at Karlsruhe Sustainable Finance Awards 2021

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From Left: Tom Hoyem, Town Council Member in Karlsruhe and former Cabinet Minister of Denmark, Vivekachandran Darma Hon. Consul of Sri Lanka in Germany accepting the award on behalf of Alliance Finance Co PLC, Arshad Rab, Chairman, International Council of Sustainability Standards for Value-Driven Financial Institutions and CEO of European Organisation for Sustainable Development, Germany

Alliance Finance Co. PLC, (AFC), Sri Lanka’s oldest finance company with over 65 years of expertise in offering affordable and inclusive sustainable finance solutions to empower the nation has clinched yet another international award in sustainability. The Project which helped AFC win this important award was the “One million trees for unity” project.

The Karlsruhe Sustainable Finance Awards 2021, conducted by the European Organisation for Sustainable Development (EOSD), awards projects have created a positive impact in the field of sustainability, globally. This is the third sustainability award, Alliance Finance has bagged in the year 2021.

The “One million trees for unity” project which was initiated by AFC in 2018, aims to plant one-million tress across Sri Lanka by 2025. This project mainly aims to reduce the carbon foot print of Sri Lanka by 120,000 metric tons by the year 2030. It also provides a significant contribution to Sri Lanka’s National Bonn challenge; which aims to increase the forest cover of Sri Lanka to reach 32% by 2030. Under this project, AFC has planted over 380,000 plants to date in partnership with the Road Development Authority (RDA), Lion’s Club, Tri forces of Sri Lanka, various Universities, schools, places of worship, municipal councils and urban councils. These plants are spread across all highways, road networks, the Norochcholai power plant, schools and especially places of worship. This project also has created several social benefits to its stakeholders one of which is empowering the social entrepreneurs and facilitating livelihood development. This is mainly by means of supporting its main supplier of plants for this project, Jayantha Balasinghe. He is a social entrepreneur who emerged from the unique “Ath Pavura” social business platform of which AFC was also a founding social enterprise investor. Balasinghe’s organization “Thuru Viyana” supplies well grown plants to be re-planted, providing a better chance of survival for the plants. By making Thuru Viyana the main supplier for all its projects, AFC has helped this social entrepreneur grow his business as well as provide livelihood support to its many employees. As such, the impact of this project directly contributes towards several UN Sustainable Development Goals.

AFC has also financially sponsored an initiative by the RDA to create a dedicated website and mobile application to track the tree planting programs initiated by RDA. This will help effective record keeping and progress monitoring of their two million tree planting project “maga depasa thuru sevana”. AFC is also a partner in this “maga depasa thuru sevana” project with a pledged contribution of 800,000 plants, to be given over a span of four years.

It was for reasons such as this, that AFC’s ‘one million trees for unity’ project was judged and presented with this prestigious award.



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Mahindra Ideal Finance One of Sri Lanka’s Great Places to Work

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MIFL team at the Great Place to work® Awards ceremony for Best 10 companies in the Banking, Financial Services and Insurance industry held at the Hilton Hotel, Colombo.

Mahindra Ideal Finance is not only one of Sri Lanka’s leading finance companies, but also one of Sri Lanka’s top employers of choice, attested to by the Company being certified as a Great Place to Work for 3 consecutive years, most recently in 2021.The Company has also been recognized amongst the Best 10 companies in the banking, financial services and insurance sector in 2021 by the Great Place to Work® Sri Lanka. As a result, Mahindra Ideal Finance has attracted a diverse group of individuals at the top of their game to be a part of the Company’s various teams. Having embarked on a landmark islandwide network expansion strategy, Mahindra Ideal Finance is also creating new opportunities for aspiring Sri Lankan professionals looking to build solid careers in financial services.

Duminda Weerasekara – Chief Executive Officer said, “As we are growing our presence around the country through the expansion of our branch network, we are looking for driven and passionate people to reinforce our teams. As we have been a dedicated, caring and trustworthy employer since our inception, Mahindra Ideal Finance is the ideal platform for dynamic young professionals looking to launch or grow their careers.”Great Place to Work®, headquartered in the USA, is the global authority on high-trust, high performance workplace cultures. Great Place to Work provides the benchmarks, framework, and expertise needed to create, sustain, and recognize outstanding workplace cultures.

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Daraz Cares introduces ‘Buy one Give One’ initiative – To support families in vulnerable communities

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The unfolding economic crisis in the country has presented Sri Lankans with unprecedented challenges, including scarcity of essentials, escalating living expenses and deteriorating living standards. The impacts of the crisis are graver and more ominous for those in vulnerable communities, where families struggle to make ends meet amidst mounting financial difficulties.As part of its commitment to give back to the community, Daraz Cares has come forward with a social initiative that pledges support for families in vulnerable communities. The initiative themed ‘Buy One, Give One’ will support Sri Lankan families faced with financial challenges with a pack of selected daily essentials. The selected items for the ‘Buy One, Give One’ initiative are, a 1kg pack of CIC Sudu Suduru Rice,a 500g of Orient Mysoore Dhal, a 300g pack of Maggi Coconut Milk Powder, 500g of Orient White Sugar, and 500 g packs of Sunlight Lemon and Rose Detergent Powder, which are all available for purchase via Daraz Mart.

The initiative will be implemented in a manner that, each time an individual purchase any desired quantity of one of the nominated items on the Daraz app, Daraz will donate an equal quantity of the same product to a family in vulnerable communities.Daraz invites everyone to purchase a preferred quantity of the selected items via www.daraz.lk/dmart/ and become a part of the ‘Buy One, Give One’ social initiative.

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DIMO partners with Allianz to provide innovative insurance scheme to its TATA customers

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DIMO together with Allianz recently introduced a state-of-the-art motor insurance & claim settlement scheme designed exclusively for DIMO’s TATA customers.The partnership is focused on assisting the customers to reduce costs incurred during conducting accident repairs through exemption of the owner’s payable portion for TATA vehicles within 5 years of date of manufacture. This innovative facility also offers all TATA customers of DIMO special insurance premium rates at the time of renewal of insurance. DIMO’s TATA customers will enjoy the utmost convenience and zero hassle as both DIMO and Allianz will coordinate all tasks from towing the vehicle to the nearest DIMO-TATA workshop, quick and efficient estimation & approval process, repairing of the vehicle according to exact manufacturer’s specifications, settlement of repair bills to handing over of the vehicle to the customer in original condition.

Ranjith Pandithage, Chairman & Managing Director of DIMO, said, “This partnership will further assist us in offering an enhanced service for our valued customers. As a company, DIMO has always stood for fuelling the dreams and aspirations of the communities we serve in, and it is a pleasure to be able to offer an innovative insurance scheme at a time like this, in collaboration with Allianz.

Gany Subramaniam, CEO of Allianz Insurance Lanka Ltd, said “We are extremely pleased to be partnering with DIMO to offer a customer-centric product, ensuring a vehicle is repaired and restored with minimum hassle.”

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