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The LOLC Commitment – when money grows on trees!
At LOLC, we are driven by our passion, aspiration and commitment to being a responsible corporate citizen. We have established forward thinking programs to ensure environmental compliance by targeting conservation of energy and resources through solar, reforestation and encourage waste reduction and recycling. Prior to funding any project, LOLC abides by the Environmental Impact Assessment Report.
Our pioneering effort, Touchwood, was adopted as a market based mechanism for reducing greenhouse gas emissions. With the acquisition of over 20 green field sites in Sri Lanka, LOLC believes that reforestation within will not only advocate a symbiotic relationship but deliver value in the medium and long term.
Gal Oya Plantations, previously Hingurana Sugar Industries, into which the company has invested, had progressed into the cultivation of sugar cane. Together with Brown & Company, we have entered into a public-private partnership with the government to reactivate Hingurana Sugar Industries which has been inactive for over a decade. This venture is propelled to produce ethanol as a bio-fuel as a by product of sugar production, fuelling the generation of electricity through a 6 MW power plant. |