Business News: Ceylinco Life has commissioned two large solar panel installations in Anuradhapura and Jaffna which are believed to be the largest in those cities, with a cumulative capacity to generate 120 MWh per year and further reduce the Company’s carbon footprint by 42.6 tons.
The Company said the installation in Anuradhapura has a system capacity of 50Kw and is expected to generate 66 MWh annually. The project which is the second largest solar installation by Ceylinco Life will result in a saving of 66,000 units of grid power per year and an annual reduction of 23.4 tons of CO2 emitted to the environment by offsetting consumption of power from the national grid.
With a system capacity of 40Kw, the installation in Jaffna will generate 54 MWh per year, save 54,000 units of power and reduce 19.2 tons of CO2 emissions annually. This is the fifth largest solar power installation by Ceylinco Life.
These solar panel installations entailed a cumulative investment of Rs 15.9 million. Ceylinco Life’s new Head Office building opened in 2016 with a system capacity of 63.18kW is the largest solar panel installation by the company. It saves 7,200 units of electricity per month and reduced the Company’s carbon footprint by 108 tons.
Committed to enterprise-wide sustainability, Ceylinco Life is in the process of building a network of Green branches on company-owned land. These new buildings are solar-powered; have rainwater harvesting facilities and waste water recycling systems that minimise the use of pipe-borne water, are designed for optimal use of natural light and are equipped with the latest energy-efficient lighting and air conditioning systems.
The Company has also embarked on an initiative to restore and maintain fifty hectares (123.5 acres) of land owned by the Department of Forest Conservation in the Puttalam range in collaboration with the University of Kelaniya, as part of its commitment to the environment and its effort to achieve zero carbon emissions status.
An e-Waste Collection Day organised by the Green Club of Ceylinco Life earlier this year resulted in 11,123 lbs of Carbon emissions being prevented from entering the atmosphere, which is equivalent to saving 369 trees or recycling 12,990 plastic bottles.
Sri Lanka’s leading life insurer for more than half of the 32 years it has been in existence, Ceylinco Life was ranked the Most Valuable Life Insurance Brand in Sri Lanka by Brand Finance this year and declared the ‘Peoples Life Insurance Service Provider of the Year’ for the 14th consecutive year at the 2020 SLIM-Nielsen Peoples Awards. The Company was ranked among the 10 ‘Most Admired Companies’ in the country by the International Chamber of Commerce, Sri Lanka (ICCSL) in 2019 and in the same year was named the ‘Best Life Insurer in Sri Lanka’ for the sixth consecutive year by World Finance, ranked sixth overall in the Business Today ranking of the country’s top 30 companies and certified as a ‘Great Workplace’ in Sri Lanka by Great Place to Work®.
Ceylinco Life has close to a million lives covered by active policies and is acknowledged as a benchmark in the local insurance sector for innovation, product research and development, customer service, professional development and corporate social responsibility. More Business News