First Capital joins Partnership for Carbon Accounting Financials

• First in Sri Lanka’s capital markets to join PCAF

Dilshan Wirasekara

Diluni Danushika

First Capital Holdings PLC announced its official membership in the Partnership for Carbon Accounting Financials (PCAF), becoming the first capital markets institution in Sri Lanka to join this global initiative. 
This marks a significant step in First Capital’s sustainability journey, further deepening its commitment to environmental, social and governance principles and aligning its operations with global climate goals.  The PCAF is an international collaboration of over 600 financial institutions worldwide, working to develop and implement a standardised framework to measure and disclose the greenhouse gas emissions associated with financial activities. Through this membership, First Capital adopts the PCAF framework for measuring financed emissions.
“At First Capital, sustainability is not a peripheral agenda. It is at the heart of everything we do,” said First Capital Holdings Managing Director and CEO Dilshan Wirasekara. 
“Becoming a PCAF signatory is a natural evolution of our commitment to responsible investing and climate action. We are proud to lead the capital market industry in Sri Lanka by joining this global movement and setting a precedent for aligning financial portfolios with climate science.”
“Joining the PCAF allows us to move beyond operational emissions and look at the broader picture on how the capital we allocate influences climate outcomes,” said First Capital Holdings Head of Sustainability and Corporate Reporting Diluni Danushika.