People’s Leasing & Finance PLC recognized for sustainability

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By 2017-03-21

People's Leasing and Finance PLC was conferred with the Ian Dias Abeysinghe Memorial JASTECA CSR/ Sustainability 2016 Silver Award for its dedication towards corporate social responsibility.

The annual award was presented by Japan Sri Lanka Technical and Cultural Association (JASTECA) and the event was held at Galadari Hotel, Colombo recently.

JASTECA has been actively involved in identifying and recognizing efficiency of organizations for the last 21 years. JASTECA awards for 2016 fell under three major categories; Taiki Akimoto '5S' Award, Nagaaki Yamamoto 'Kaizen Award' and Ian Dias Abeysinghe Memorial JASTECA CSR/ Sustainability Award.

Ian Dias Abeysinghe Memorial JASTECA CSR/ Sustainability Award 2016 was bestowed on PLC recognizing the company for its adherence towards the Triple Bottom-line; People, Planet and Profit. The concept of Triple Bottom-line provides a holistic approach towards business sustainability.

While being conscious of its business impact on the society and environment and focusing on company goals and long term objectives, PLC adheres to a fivefold corporate responsibility model; entrepreneurship and financial literacy building, road safety, uplifting education, sustainable social development and environment conservation towards business sustainability. PLC's corporate responsibility initiatives are also in harmony with the Sustainable Development Goals (SDGs) declared by the United Nations.

People's Leasing & Finance PLC was commissioned in 1995 as a wholly owned subsidiary of the State owned People's Bank. PLC has retained the market leader position for 14 consecutive years and is the largest non-bank finance institution in Sri Lanka.
PLC is the only Sri Lankan finance company to have two international ratings. Fitch Rating Lanka has assigned PLC a credit rating of AA-(lka).

PLC's special financial products include; leasing, business loans, personal loans, factoring, margin trading and Islamic finance. Its five subsidiaries are; People's Insurance PLC, People's Microfinance Ltd, People's Leasing Property Development Ltd, People's Leasing Fleet Management Ltd and People's Leasing Havelock Properties Ltd.

The uniqueness of PLC is its strength and the ability to provide people friendly and customized financial services under one roof to its most valued customers.

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