National Development Bank PLC

NDB Bank as part of its commitment to environmental stewardship and sustainable development is proud to support the Life to Our Coral Reefs” initiative, an ambitious five-year conservation programme spearheaded by Biodiversity Sri Lanka (BSL) under the guidance of the Department of Wildlife Conservation. This multi-stakeholder project aims to restore and protect the Kayankerni Coral Reef in Batticaloa, one of Sri Lanka’s most ecologically significant marine ecosystems.

The Life to Our Coral Reefs” project seeks to enhance reef resilience, establish a robust research and monitoring framework, and uplift local communities through alternative livelihoods and capacity-building. This effort not only focuses on coral reefs but also benefits nearby seagrass beds and mangrove ecosystems, which are vital to marine biodiversity and coastal protection. It is guided by the globally recognised IUCN Nature-based Solutions (NbS) standard, ensuring that all conservation and socio-economic outcomes are designed for long-lasting impact.

The Kayankerni Reef designated a Marine Sanctuary in 2019, plays a vital role in supporting Sri Lanka’s fisheries and tourism industries while also acting as a natural coastal defence system. However, the reef faces increasing threats from climate change, unsustainable fishing practices, pollution, and coral bleaching. Through the project, targeted interventions will be carried out to build ecological resilience, promote sustainable tourism practices, reduce plastic pollution, and educate local communities about marine conservation.

For NDB, this initiative is a natural extension of its sustainability mandate and its belief in aligning business growth with environmental responsibility. As a bank that understands the importance of inclusive progress, NDB views ecosystem restoration not only as a conservation priority but also as a pathway to socio-economic empowerment, especially for communities that rely on marine resources for their livelihoods.

Commenting on the partnership, the Head of NDB Bank’s Corporate Sustainability Committee Lasantha Dassanayaka, stated, At NDB, sustainability is integrated into everything we do. Our support for the ‘Life to Our Coral Reefs’ initiative reflects our belief in collaborative action and long-term solutions that benefit both people and the planet. By investing in marine ecosystem recovery, we are investing in the future of our nation.”

Adding her thoughts on the collaboration, Shiranee Yasaratne, Senior Advisor of Biodiversity Sri Lanka, stated, We are delighted to have NDB Bank join us as a committed partner in this national effort to restore the health and resilience of Sri Lanka’s coral reefs. Private sector participation is vital to the success and longevity of conservation initiatives. NDB’s support demonstrates the powerful role that businesses can play in driving environmental change while fostering sustainable community development.”

With key activities ranging from coral reef monitoring, solid waste management, community-based eco-tourism, and sustainable fishing initiatives, the project is poised to deliver transformative benefits across ecological and socio-economic dimensions. Over the next five years, NDB will work alongside other private sector partners to ensure that the Kayankerni Reef is not only protected, but revitalised as a living symbol of resilience and renewal.

NDB Bank remains steadfast in its commitment to empowering the nation and enriching lives, not only through financial solutions but through environmental and social impact that ensures future generations inherit a thriving, sustainable Sri Lanka.