HNB reaffirms its commitment to sustainability with the LIFE project
Tuesday, July 26, 2022, 10:13 a.m. SL time, ColomboPage News Desk, Sri Lanka.
26 July, Colombo: Reinforcing its commitment to investing in sustainable growth, Sri Lanka’s premier private sector bank, HNB PLC, has completed its 4th year of restoring and managing a 2.5 hectare block of land in degraded rainforest in the Kanneliya Forest Reserve.
The five-year restoration program implemented by Biodiversity Sri Lanka (BSL) with technical support from the International Union for Conservation of Nature (IUCN) operates under the direction of the Forestry Department. The bank has actively contributed to the restoration project which ensures the establishment of on-site nurseries, plant fertilization, soil conservation, improved plant protection methods and watering of plants during the dry season.
Commenting on the completion of another impactful year, HNB’s Head of Sustainability/DGM/CHRO, L Chiranthi Cooray said, “We at HNB are delighted to see the progress being made in the Kanneliya Forest Reserve. A land that was once considered destroyed is now on its way to becoming a reconstituted source of life, supporting multiple species in the country’s ecosystem.
“Partnering with such an important project strengthens the sustainability of HNB, not only within the organization, but also in the environment in which it thrives so successfully. We are grateful to BSL, IUCN and also the Forestry Department for persevering through economic uncertainty.. Their efforts to preserve the country’s ecological resources are to be commended, and HNB looks forward to supporting them until the end of the project.
The Kanneliya Dediyagala Nakiyadeniya (KDN) complex is the second largest block of lowland rainforest in Sri Lanka after the Sinharaja Forest. The complex was declared a conservation forest in 1995 and is managed by the Sri Lanka Forest Department with several companies across the country working together to restore the land. A report outlining the progress of the project revealed that the land has shown remarkable progress in reforestation thanks to restoration efforts.
More recently, the bank extended its “Walk the Talk” initiative to promote a greener, healthier and more economical mode of transport among its employees on the occasion of World Bike Day, encouraging simple interventions with great potential for reduce its carbon footprint. HNB also promotes carpooling and public transportation to save fuel, and has partnered with suppliers to provide bicycles at discounted rates to its employees.
In addition, HNB has always invested in energy efficient equipment in all its customer centers since its inception. These efforts have ensured solar power to 95 out of 256 customer centers, reducing dependence on the national grid by 19.7% in 2021.