GRI Content Index




Statement of use Sampath Bank PLC has reported in accordance with the GRI Standards for the period of 1st January 2024 to 31st December 2024
GRI 1 used GRI 1: Foundation 2021


GRI STANDARD/OTHER SOURCE DISCLOSURE LOCATION - PRINTED ANNUAL REPORT OMISSION
REQUIREMENT(S) OMITTED REASON EXPLANATION

General Disclosures

GRI 2: General Disclosures 2021

2-1 Organisational details

10-12, 477

-

-

-

2-2 Entities included in the organisation’s sustainability reporting

4,142-146

-

-

-

2-3 Reporting period, frequency and contact point

4,7

-

-

-

2-4 Restatements of information

4

-

-

-

2-5 External assurance

6

-

-

-

2-6 Activities, value chain and other business relationships

10-12,13,14-15,16-17,25-28,37-38,42-43,62,69-71,72-74,75-78,80-93,130-141,
46-48 (Financial inclusion agenda),
94-109 (Social and relationship capital),

69-71 (Manufactured capital)

-

-

-

2-7 Employees

83

-

-

-

2-8 Workers who are not employees

83-84

-

-

-

2-9 Governance structure and composition

34,39,152,167,176,184-185,186-189

-

-

-

2-10 Nomination and selection of the highest governance body

174,196-198

-

-

-

2-11 Chair of the highest governance body

22-24,186-189

-

-

-

2-12 Role of the highest governance body in overseeing the management of impacts

34,153,154,156,159,163,174,176

-

-

-

2-13 Delegation of responsibility for managing impacts

34,39-41,154,165,176,184-185

-

-

-

2-14 Role of the highest governance body in sustainability reporting

166,210-211

-

-

-

2-15 Conflicts of interest

159-160,163,164,177,180,183,207-208

-

-

-

2-16 Communication of critical concerns

35-36,171,183,
Refer GRI Note 01

-

-

-

2-17 Collective knowledge of the highest governance body

39-41,161

-

-

-

2-18 Evaluation of the performance of the highest governance body

164,172,175,186-189

-

-

-

2-19 Remuneration policies

41,172,182,202-203

-

-

-

2-20 Process to determine remuneration

172,202-203

-

-

-

2-21 Annual total compensation ratio

-

-

-

2-22 Statement on sustainable development strategy

22-24,25-28

-

-

-

2-23 Policy commitments

154,156

-

-

-

2-24 Embedding policy commitments

184-185,196-198,199-201,202-203,204-206,207-208,209,210-211,212-213,214-215,216,217-218,219-221,222,223,224-251

-

-

-

General Disclosures

2-25 Processes to remediate negative impacts

7,36,49,98

-

-

-

2-26 Mechanisms for seeking advice and raising concerns

46-48 (Anti-corruption practices),
80-93 (Human capital)
110,154

-

-

-

2-27 Compliance with laws and regulations

180,223

-

-

-

2-28 Membership associations

56

-

-

-

2-29 Approach to stakeholder engagement

49-55

-

-

-

2-30 Collective bargaining agreements

93

-

-

-

Material Topics

GRI 3: Material Topics 2021

3-1 Process to determine material topics

6,46-47

-

-

-

3-2 List of material topics

47-48,
Refer GRI Note 02

-

-

Economic Performance

GRI 3: Material Topics 2021

3-3 Management of material topics

46-48 (Profitability and financial stability),
62-68 (Financial capital)

-

-

-

GRI 201: Economic Performance 2016

201-1 Direct economic value generated and distributed

10-12,442

-

-

-

201-2 Financial implications and other risks and opportunities due to climate change

Refer GRI Note 03

-

-

-

201-3 Defined benefit plan obligations and other retirement plans

285,305-306

-

-

201-4 Financial assistance received from government

Refer GRI Note 04

-

-

-

Market Presence

GRI 3: Material Topics 2021

3-3 Management of material topics

46-48 (Physical channels),
69-71 (Manufactured capital)

-

-

-

GRI 202: Market Presence 2016

202-1 Ratios of standard entry level wage by gender compared to local minimum wage

Refer GRI Note 05

-

-

-

202-2 Proportion of senior management hired from the local community

Refer GRI Note 06

-

-

-

Indirect Economic Impacts

GRI 3: Material Topics 2021

3-3 Management of material topics

46-48 (Profitability and financial stability),
94-109 (Social and relationship capital)

-

-

-

GRI 203: Indirect Economic Impacts 2016

203-1 Infrastructure investments and services supported

94-108

-

-

-

203-2 Significant indirect economic impacts

94-108

-

-

-

Anti-corruption

GRI 3: Material Topics 2021

3-3 Management of material topics

46-48 (Anti-corruption practices),
80-93 (Human capital)

-

-

-

GRI 205: Anti-corruption 2016

205-1 Operations assessed for risks related to corruption

46-48 (Customer health and safety),
223 (Compliance report),
224-251 (Risk management report),
Refer GRI Note 07

-

-

-

205-2 Communication and training about anti-corruption policies and procedures

Refer GRI Note 08

-

-

-

205-3 Confirmed incidents of corruption and actions taken

Refer GRI Note 09

-

-

-

Tax

-

-

-

GRI 3: Material Topics 2021

3-3 Management of material topics

46-48 (Profitability and financial stability),
62-68 (Financial capital)

-

-

-

GRI 207: Tax 2019

207-1 Approach to tax

-

-

-

207-2 Tax governance, control and risk management

-

-

-

207-3 Stakeholder engagement and management of concerns related to tax

-

-

-

207-4 Country-by-country reporting

274-421

-

-

-

Energy

GRI 3: Material Topics 2021

3-3 Management of material topics

46-48 (Climate change),

110-128 (Natural capital)

-

-

-

GRI 302: Energy 2016

302-1 Energy consumption within the organisation

115,116,
Refer GRI Note 10

-

-

-

302-2 Energy consumption outside of the organisation

116

-

-

-

302-3 Energy intensity

37,115

-

-

-

302-4 Reduction of energy consumption

115,116

-

-

-

302-5 Reductions in energy requirements of products and services

Refer GRI Note 11

-

-

-

Emissions

GRI 3: Material Topics 2021

3-3 Management of material topics

46-48 (Climate change),

110-128 (Natural capital)

-

-

-

GRI 305: Emissions 2016

305-1 Direct (Scope 1) GHG emissions

41,117

-

-

-

305-2 Energy indirect (Scope 2) GHG emissions

41,117

-

-

-

305-3 Other indirect (Scope 3) GHG emissions

41,117

-

-

-

305-4 GHG emissions intensity

41,117

-

-

-

305-5 Reduction of GHG emissions

117

-

-

-

305-6 Emissions of ozone-depleting substances (ODS)

Refer GRI Note 12

-

-

-

305-7 Nitrogen oxides (NOx), sulfur oxides (SOx), and other significant air emissions

Refer GRI Note 13

-

-

-

Supplier Environmental Assessment

GRI 3: Material Topics 2021

3-3 Management of material topics

108-109 (Social and Relationship Capital)

-

-

-

GRI 308: Supplier Environmental Assessment 2016

308-1 New Suppliers that were screened using environmental criteria

-

-

Not
Applicable

-

308-2 Negative environmental impacts in the supply chain and actions

108,118

-

-

-

Employment

GRI 3: Material Topics 2021

3-3 Management of material topics

46-48 (Talent acquisition and management),

80-93 (Human capital)

-

-

-

GRI 401: Employment 2016

401-1 New employee hires and employee turnover

84,85

-

-

-

401-2 Benefits provided to full-time employees that are not provided to temporary or part-time employees

37,86

-

-

-

401-3 Parental leave

92

-

-

-

Labour/Management Relations

GRI 3: Material Topics 2021

3-3 Management of material topics

46-48 (Employee relations),

80-93 (Human capital)

-

-

-

GRI 402: Labour/Management Relations 2016

402-1 Minimum notice periods regarding operational changes

Refer GRI Note 14

-

-

-

Occupational Health and Safety

GRI 3: Material Topics 2021

3-3 Management of material topics

46-48 (Employee health and safety),

80-93 (Human capital),
Refer GRI Note 15

-

-

-

GRI 403: Occupational Health and Safety 2018

403-1 Occupational health and safety management system

-

-

-

403-2 Hazard identification, risk assessment and incident investigation

-

-

-

403-3 Occupational health services

-

-

-

403-4 Worker participation, consultation and communication on occupational health and safety

-

-

-

403-5 Worker training on occupational health and safety

-

-

-

403-6 Promotion of worker health

-

-

-

403-7 Prevention and mitigation of occupational health and safety impacts directly linked by business relationships

-

-

-

403-8 Workers covered by an occupational health and safety management system

-

-

-

403-9 Work-related injuries

90

-

-

-

403-10 Work-related ill health

-

-

-

Training and Education

GRI 3: Material Topics 2021

3-3 Management of material topics

46-48 (Learning and development),

80-93 (Human capital)

-

-

-

GRI 404: Training and Education 2016

404-1 Average hours of training per year per employee

41,87

-

-

-

404-2 Programs for upgrading employee skills and transition assistance programmes

37,87-88

-

-

-

404-3 Percentage of employees receiving regular performance and career development reviews

87

-

-

-

Diversity and Equal Opportunity

GRI 3: Material Topics 2021

3-3 Management of material topics

46-48 (Talent acquisition and management),

80-93 (Human capital)

-

-

-

GRI 405: Diversity and Equal Opportunity 2016

405-1 Diversity of governance bodies and employees

38,90-91

-

-

-

405-2 Ratio of basic salary and remuneration of women to men

38,91

-

-

-

Local Communities

GRI 3: Material Topics 2021

3-3 Management of material topics

46-48 (Community development),

94-109 (Social and relationship capital)

-

-

-

GRI 413: Local Communities 2016

413-1 Operations with local community engagement, impact assessments and development programmes

37-38,98-108,121-128

-

-

-

413-2 Operations with significant actual and potential negative impacts on local communities

Refer GRI Note 16

-

-

-

Customer Health and Safety

GRI 3: Material Topics 2021

3-3 Management of material topics

46-48 (Customer health and safety),

212-213 (Board credit committee report),

224-251 (Risk management report),

223 (Compliance report)

-

-

-

GRI 416: Customer Health and Safety 2016

416-1 Assessment of the health and safety impacts of product and service categories

Refer GRI Note 17

-

-

-

416-2 Incidents of non-compliance concerning the health and safety impacts of products and services

Refer GRI Note 18

-

-

-

Marketing and Labelling

GRI 3: Material Topics 2021

3-3 Management of material topics

46-48 (Sales promotions, marketing communication and information available on Bank's products and services),

97,

Refer GRI Note 19

-

-

-

GRI 417: Marketing and Labelling 2016

417-1 Requirements for product and service information and labelling

-

-

-

417-2 Incidents of non-compliance concerning product and service information and labelling

Refer GRI Note 20

-

-

-

417-3 Incidents of non-compliance concerning marketing communications

Refer GRI Note 21

-

-

-

Customer Privacy

GRI 3: Material Topics 2021

3-3 Management of material topics

46-48 (Information security, Customer privacy, Complaint management),

75-79 (Intellectual capital),

94-97 (Social and relationship capital)

-

-

-

GRI 418: Customer Privacy 2016

418-1 Substantiated complaints concerning breaches of customer privacy and losses of customer data

97,

Refer GRI Note 22

-

-

-

* Information cannot be disclosed due to confidentiality reasons.

GRI Notes


Note Number Remarks
1 During the year 2024, eight (08) concerns were reported through Whistleblowing. The reported cases were addressed in accordance with the Whistleblowing Policy and Audit Investigations were initiated. Findings and recommendations were reported to the Board Audit Committee and to the Board of Directors as appropriate. Reports were sent to the Disciplinary Committee to take appropriate actions. The recommendations relating to process improvement and rectification of internal control gaps/deviations were shared with the management.
2 Out of the 27 Material Topics for 2024, 22 remained unchanged from the previous year. A management discussion on the revision of the material topics and relevant sustainability standards led to the inclusion of five new material topics in 2024.
3 Being in the business of Banking, climate change does not have a significant impact on our business. Accordingly, during the reporting period, no records were maintained to catalogue the effect of climate change on the business.
4 As we are a private sector organisation, there is no direct or indirect financial assistance (grants) received from the government.
5 Entry level wage refers to remuneration paid to new entrants joining the Bank as a Trainee Staff Assistant/Junior Executive I. The Bank does not distinguish based on gender and both males and females in these positions are entitled to a same entry level wage. There is no entry level wage rate imposed on the banking sector. However, Sampath Bank’s entry level wage is higher than the national minimum wage rate.
6 At Sampath Bank, Senior Management refers to a designated authority in charge of a key business unit/function. All senior managers of the Bank are locally hired.
7 No fines were imposed by the regulators on the Bank pertaining to incidents of corruption in 2024.
8 74% of employees and 24% of Senior Management have received training on anti-corruption.
9 No fines were imposed by the regulators on the Bank pertaining to incidents of corruption in 2024.
10 Energy consumption only includes electricity consumption at the Head Office premises during the year under review.
11 Energy reduction cannot be accurately calculated or measured in relation to a specific product or service of the Bank. However, the Bank’s solar migration project has seen rooftop solar installations at twenty three branches which has resulted in an overall reduction in the volume of grid electricity consumed by the respective branches in providing banking services to customers.
12 Emissions of Ozone Depleting Substances (ODS) are insignificant, considering the nature of our business.
13 Not applicable, due to the nature of the operations of the Bank.
14 No collective agreement is in force, operational changes are informed in advance depending on the requirement.
15 Given the nature of our business, our employees are not exposed to occupational health risks.
16 No incidents were reported during the reporting period.
17 As a service organisation, health and safety impacts of our products and service categories cannot be assessed.
18 No incidents were reported during the reporting period.
19 Products and services information are published on the Bank’s corporate website (www.sampath.lk). Advertising and other marketing communication materials are developed in all three languages (Sinhala/Tamil/English).
20 ZERO incidents were reported during the reporting period.
21 ZERO incidents were reported during the reporting period.
22 A total of 56 complaints were received in 2024. Of these 35 were successfully resolved during the course of the year, while the other 21 remain under audit investigation and HR proceedings as of 31st December 2024.

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