Highlights environmental & social risk due diligence in the country’s financial sector14 July, 2021, Colombo, Sri Lanka – Standard Chartered Sri Lanka held a virtual workshop on the 13th of July to discuss how local financial institutions could establish a robust framework for Environment and Social Risk Assessment (ESRA), prior to proceeding with a lending decision. The webinar, conducted by Roger Charles, Executive Director for Environmental and Social Risk Management, Standard Chartered PLC, focused on the current challenges as well as the future aspects of Environment and Social Risk Management. He pointed out that through the integration of Environmental, Social and Governance (ESG) in financing decisions, financial institutions can help minimise the negative impact that its business activities can have on the communities as well as on the environment. Commenting on the timeliness of the workshop was Tamani Dias, Executive Director and Head, Local & International Corporates, Standard Chartered Sri Lanka. His areas of expertise include technical environmental and safety engineering, impact assessment, and corporate sustainability strategy, climate change and energy transition.

Source: The Nation July 14, 2021 12:00 UTC