Sustainable Development Council welcomes the launch of the Sustainable Finance Roadmap 2.0 by the Central Bank , marking a significant milestone in Sri Lanka’s journey towards sustainable development.

Sustainable Development Council welcomes the launch of the Sustainable Finance Roadmap 2.0 by the Central Bank this morning, marking a significant milestone in Sri Lanka’s journey towards sustainable development.

Building on the success of the first Roadmap, the Sustainable Finance Roadmap 2.0 extends the scope to social aspects of sustainability placing greater emphasis on addressing the need for financial inclusion. Accordingly, the Roadmap 2.0 integrates both environmental and social dimensions and promotes a holistic approach towards sustainable finance in the country. The specified environmental dimensions include climate change mitigation and adaptation and natural assets (forests and revegetation, blue ecosystems and natural resources) with biodiversity as a transversal area. The contribution of the social dimension to inclusiveness have been made explicit, through support to MSMEs and vulnerable groups (such as youth, elderly, women) along with gender equality with social justice mainstreamed across these different areas.

The Sustainable Finance Roadmap 2.0 includes a Framework of Action with timelines and institutional responsibilities presenting a clear implementation plan over a period of five years from 2025 to 2029. It will enhance the contribution of financial institutions to the country’s sustainability targets and help address the current financing gap for the Sustainable Development Goals (SDGs).

The Sustainable Development Council is pleased to have contributed to the formulation of the Sustainable Finance Roadmap 2.0 during the consultation process leading to its formulation as a member of the Stakeholder Committee.