Sri Lanka Climate Fund

What Sri Lanka Climate Fund does

Sri Lanka Climate Fund (SLCF) is a government-owned company incorporated on April 9, 2008 under the Companies Act No. 7 of 2007 of Sri Lanka, operating under the purview of the Ministry of Environment since September 2020. The company positions itself as South Asia's first ISO 14064 accredited organization for greenhouse gas verification, providing accredited verification services at the organization, product (under PAS 2050, GHG Protocol, and ISO/TS 14067), and project levels. Beyond verification, SLCF administers the Sri Lanka Carbon Crediting Scheme (SLCCS), a domestic voluntary offset registry with 13 registered projects spanning hydropower, solar, and afforestation, and offers carbon neutrality consulting, environmental impact assessment, and project and fund management services.

The business operates through a multi-stream revenue model anchored in verification fees, carbon credit transaction fees, and project management fees, with partnerships spanning UNDP, GEF, the Sri Lanka Sustainable Energy Authority, and Save Planet Earth (UK) for afforestation and reforestation project registration under the Planetary Carbon Standard. SLCF's named enterprise clients span textiles (Hayleys Fabric, Textrip, Bogawantalawa Tea Estates, Horana Plantations), manufacturing (Arinma Holdings, Norlanka Manufacturing, Noritake Lanka), financial services (Hatton National Bank), food and beverage (Maliban Group, Cargills Quality Dairies), and technology (BoardPAC), with the company serving as a key implementing arm for government climate policy and donor-funded programs. Distribution is conducted through direct enterprise engagement, an online inquiry form, and in-person consultation at its Battaramulla headquarters; all operations are domestic to Sri Lanka.

Name

Sri Lanka Climate Fund

Legal name

Sri Lanka Climate Fund (Private) Limited

Website

https://climatefund.lk

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

1–10 employees

Short description

Sri Lanka Climate Fund is a government-owned, ISO 14064 accredited organization providing GHG verification, carbon credit trading via the Sri Lanka Carbon Crediting Scheme (SLCCS), carbon neutrality consulting, and climate project management to Sri Lankan enterprises, government ministries, and clean energy developers.

Ownership category

akta.pro rank

Product category

Carbon Verification and Climate Services

NAICS

Administration of Environmental Quality Programs (9241), Administration of Environmental Quality Programs (924)

akta.pro primary industry

Voluntary Carbon Credit Verification & Validation (VCS/Gold Standard/ACR/CAR) (EUABACAA)

akta.pro secondary industries

Data Assurance, Audit & Attestation (ISAE 3000/3410, SOC, Chain-of-Custody) (EUABACAJ), GHG Monitoring Plans & Sampling Design (Field Protocols, QA/QC) (EUABACAE), Climate Finance, Carbon Markets & MRV Systems (BPADALAB), Methodology Development & Standard-Setting Support (Protocols, Tools, Updates) (EUABACAN)

Keywords

• GHG verification services
• Carbon credit trading
• Carbon neutrality certification
• Environmental impact assessment
• Climate project management

Headquarters

HQ city

Battaramulla

HQ country

Sri Lanka

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. GHG Verification Services: Third-party verification services for organizational, product, and project level GHG emissions. Revenue generated through verification fees charged to clients seeking accredited verification statements.
2. Carbon Credit Trading and Offsetting: Trading carbon credits within Sri Lanka through SLCCS. The company facilitates the transaction of carbon credits including Clean Development Mechanism (CDM) credits and locally operated SLCCS credits (SCER/SCER+). Revenue generated through credit transaction fees with pricing set at reasonable rates.
3. Project and Fund Management: Managing climate action projects for public and private sectors, spanning over a decade of experience. Services include renewable energy, disaster management, adaptation and mitigation, environmental engineering, MRV system development, community development, and social studies. Revenue from project management fees.
4. Environmental Assessment Consulting: Authorized consulting services for Environmental Impact Assessment (EIA) reports and technical guidance, provided at client request.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Sri Lanka Climate Fund provides accredited Greenhouse Gas (GHG) verification services at organization, project and product levels under ISO 14064 standards, administers the Sri Lanka Carbon Crediting Scheme (SLCCS) for registering carbon removal projects and trading carbon credits, and delivers project and fund management plus environmental impact assessment consulting for climate action initiatives across Sri Lanka.

Product overview

Sri Lanka Climate Fund offers a unified suite of climate action services centered around carbon management and verification. The core offerings include GHG Verification (ISO 14064 compliant verification at organization, product, and project levels), the Sri Lanka Carbon Crediting Scheme (SLCCS) for carbon credit trading and project registration, Carbon Neutrality services, Project & Fund Management, Environmental Assessment consulting, and GHG Offsetting. Additionally, the One Million Tree Programme supports afforestation efforts. These services work together to provide end-to-end climate solutions from verification to carbon credit trading and offsetting.

Differentiator

Problem solved

Functional benefit

Products and services

• GHG Verification Service Accredited Greenhouse Gas verification at organization, project, and product levels conducted under ISO 14064-3 standards, plus product carbon footprint verification following PAS 2050, GHG Protocol and ISO/TS 14067:2013. Offered to enterprises and project developers seeking accredited verification statements.
• Carbon Neutrality Certification Consulting and certification service supporting organizations in achieving carbon neutrality by leveraging SLCCS credits or Clean Development Mechanism credits to offset verified emissions.
• Sri Lanka Carbon Crediting Scheme (SLCCS) National voluntary offset scheme administered by SLCF that enables registration of carbon removal projects, validation and verification through the Validation and Verification Division, issuance of Sri Lankan Certified Emission Reductions (SCER/SCER+), and trading of carbon credits within Sri Lanka.
• Project & Fund Management Services Project and fund management services covering renewable energy, disaster management, adaptation and mitigation, environmental engineering, MRV system development, community development and social studies, delivered for government ministries and international donors at regional and national levels.
• Environmental Impact Assessment Consulting Authorized consulting service for preparation of Environmental Impact Assessment (EIA) reports and technical guidance provided to clients on request.
• GHG Offsetting Scheme Carbon credit transaction service providing credits from the UN-recognized Clean Development Mechanism (CDM) and the locally operated Sri Lanka Carbon Crediting Scheme (SLCCS), facilitating offsetting of verified emissions at reasonable rates.

Quantifiable outcome

• 3,365 CERs available from CDM Programme of Activities for Small Scale Hydropower
• +1 more outcomes

Named customers11 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered core.

• Save Planet Earth (SPE)coreStrategic or Co-development PartnerSPE, a legally registered company in the UK and global initiative dedicated to developing programs to combat global warming and climate change, partnered with SLCF to develop and promote Afforestation & Reforestation (A/R) based carbon offset projects in Sri Lanka. SLCCS has adopted the Planetary Carbon Standard developed by SPE for facilitating A/R project registration under a simplified and flexible mechanism.
• Sri Lanka Sustainable Energy Authority (SEA)coreStrategic or Co-development PartnerSLCF managed the fourth component of the Project on Promoting Sustainable Biomass Energy Production and Modern Bio-Energy Technologies for SEA and Ministry of Power and Renewable Energy. Primary goal was to reduce GHG emissions from fossil fuel use in Sri Lanka's industrial sector.
• Bogo Power (Private) LimitedcoreStrategic or Co-development PartnerProject participant in Kirkoswald Small Scale Hydropower Project registered under SLCCS (Project ID: 0001).
• MJF Group (Private) LimitedcoreStrategic or Co-development PartnerProject participant in Dilmah (Ceylon Tea Services) Small Scale Hydropower Bundle Project registered under SLCCS (Project IDs: 0002, 0003).
• Eagle Power (Pvt) LtdcoreStrategic or Co-development PartnerProject participant in Maduru Oya Left Bank Main Canal Mini Hydropower Project (Project ID: 0008) and Madura Oya Left Bank Canal Sluice Small Scale Hydropower Project (Project ID: 0009).
• Horana Plantations PLCcoreStrategic or Co-development PartnerProject participant in HPL Solar PV Bundle Project registered under SLCCS (Project ID: 0007). Also sponsors One Million Tree Programme with LB Finance PLC and People's Insurance PLC.
• Thalawakelle Tea Estates PLCcoreStrategic or Co-development PartnerProject participant in Rooftop Solar PV Bundled Project registered under SLCCS (Project ID: 0011).
• Noritake Lanka PorcelaincoreStrategic or Co-development PartnerProject participant in Rooftop Solar Project registered under SLCCS (Project ID: 0013) for their Matale manufacturing facility.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Carbon Trust:
• Climate Action Reserve: Climate Action Reserve is a U.S. voluntary carbon market registry that establishes standards and issues carbon credits. It is comparable to SLCF as both serve as the issuing body for verified credits and operate offset registries, though Reserve focuses on North American project types.
• Gold Standard: Gold Standard is a voluntary carbon credit standard body that certifies emission reduction projects similar to SLCCS. It is highly comparable to SLCF as both administer national/regional carbon crediting schemes with project registration, verification, and credit issuance functions.

Broad incumbents

• Bureau Veritas: Bureau Veritas is a global testing, inspection, and certification company offering ISO 14064 GHG verification services. It competes directly with SLCF on enterprise GHG verification work for multinational buyers, but operates as part of a much broader TIC portfolio.
• Verra: Verra operates the Verified Carbon Standard (VCS), the world's leading voluntary GHG program. It is comparable to SLCF as it sets and administers voluntary carbon credit standards and registers emission reduction projects, though Verra operates globally rather than at the national level.
• DNV: DNV is an accredited verification body for ISO 14064, EU ETS, and CDM/JI validation/verification. It is comparable to SLCF as a designated operational entity for international carbon mechanisms and a provider of GHG assurance, though at much larger global scale.
• TÜV SÜD: TÜV SÜD is an accredited third-party verification body offering ISO 14064 GHG verification and sustainability assurance services. It is comparable to SLCF for organizations seeking ISO 14064 accredited verification, though TÜV SÜD operates globally across many certification categories.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/sri-lanka-climate-fund

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Sri Lanka Climate Fund