Firm business

Asia Securities becomes SL’s first carbon-neutral investment services firm – Business News

Dumith Fernando, Chairman, Asia Securities, Receives ZeroCarbon Certification from Sustainable Future Group

Asia Securities has become the first ZeroCarbon-certified investment services company in Sri Lanka. This major milestone is the result of the company’s deep commitment to the future of its community and decisive management actions to significantly reduce the impact of its business activities on the environment.

Working with independent corporate sustainability consultancy, The Carbon Consulting Company (CCC), Asia Securities developed a far-reaching carbon management plan that included a comprehensive emissions review of the company’s operations following the quantification of its carbon footprint.

To achieve this, CCC followed the rigorous ZeroCarbon Directive, a framework created by independent environmental certification body, The Sustainable Future Group (SFG), which is based on the globally recognized PAS 2060 standard for carbon neutrality and developed by the British Standards Institution (BSI).
Asia Securities has reduced its carbon footprint through responsible management of resources and waste, including migrating clients to paperless transactions and reducing consumption of non-renewable energy, water and other resources in its own operations. The company has also purchased registered carbon offsets to neutralize any remaining unavoidable emissions.

“Scientifically, there is no doubt that we are overconsuming on planet Earth and heading for a bleak future for the next generation unless businesses of all sizes step in. Achieving carbon neutrality stems from our commitment to a sustainable future for our youth and children, and the generations after them.
Eliminating our carbon footprint is not only the right thing to do for our planet, but also a business imperative,” said Dumith Fernando, Chairman of Asia Securities.

He further added that “as a leading investment services company, we are mindful that the best investment we can make is in the future of our planet, through innovative and powerful tools to reverse the tide of climate change”.

Asia Securities has already put in place a long-term strategy to integrate sustainability into its operations. In 2020, the company established the Asia Securities Environmental Sustainability Task Force, a steering group comprised of employees from across the company that oversees the implementation of the environmental sustainability roadmap .
The working group also continues to conduct sustainability awareness activities both inside and outside the company. At the same time, Asia Securities is also focusing on offering sustainable investment solutions to its clients.

Despite the challenges posed by the current pandemic, Asia Securities has continued to prioritize its work in the fight against climate change and will continue to do so.