Strategic CSR initiatives at BOC
As a key component and major stakeholder, employees are critical to how the Bank operationalizes its sustainability strategy. Employees actively engage in ensuring compliance with the Bank’s sustainability policy and alignment to SDGs.
The specialised nature of the Bank as a state entity, and its impact on the various communities and ultimately on society is a critical component of the sustainability framework of Bank of Ceylon. As such, the Bank lays special emphasis on its responsibility and impact, continuously reviewing and identifying cascade impacts of all its actions to ensure value generation to the nation.
Government development goals and policies
Within its core mandate, Bank of Ceylon ensures its role as a key driver of sustainability at a national level through specific pillars, which have been broadly articulated through its business and CSR activities as: poverty elevation, equality, financial literacy, environment conservation and heritage preservation.
United Nations Sustainable Development Goals (SDGs)
The sustainability framework of Bank of Ceylon is aligned to the UN SDGs, in keeping with the broader national impetus and alignment to the SDGs. Within the scope of the identified action areas, the Bank actively contributes to and ensures compliance with these globally ratified goals. In operationalizing the policy of the bank, all business units employ strategies that ensure full compliance with the reporting structure as mandated under the policy framework.
Transparency and Governance
Enshrined within the Bank’s vision and articulated through its operational integrity, Bank of Ceylon ensures compliance with, and strictly adheres to, multiple governance standards as mandated by state authority, industry and international norms. Within the framework of sustainability, Bank of Ceylon lays great emphasis on “stability, governance and growth” as a key strategic enabler. The Bank actively promotes the highest level of transparency and integrity in all its transactions via strong policies in place to ensure accountability at all levels.