BOC receives Greenhouse Gas verification statement | Sunday Observer

BOC receives Greenhouse Gas verification statement

The Bank of Ceylon (BOC) has been awarded a third party Greenhouse Gas (GHG) verification statement by The Sustainable Future Group (Pvt) Ltd., after verifying that the Bank’s scope 1 and 2 Greenhouse Gas emissions for the Reporting Period September 1, 2017 to August 31, 2018 in accordance with ISO 14064-1:2006 were at a “reasonable level of assurance.”

A detailed technical review of the methodologies, approaches, and calculations used in BOC’s inventory estimates were conducted in this verification exercise. The 2018 GHG inventory verification focused primarily on scope 1 direct emissions from company owned vehicles, on-site fuel consumption, fugitive emissions and scope 2 emissions from purchased electricity. Bank of Ceylon is the first Sri Lankan State bank to carry out an organisational Green House Gas Assessment including its Head Office, Province Offices and all the branches.

The Deputy General Manager (Finance and Planning) of the Bank said this is another milestone in the Bank’s journey towards injecting sustainability ethos into its core business via initiatives such as reducing its carbon footprint through responsible resource consumption including energy saving practices and steps taken towards practicing the green building concept in constructing branches, responsible waste disposal systems, moving to solar power, reduction of paper use through digitalisation via green banking channels and work flow automation through Document Management Systems (DMS).

To date, the Bank has converted 41 of its branches to operate on solar energy.