First Capital Asset Management becomes Sri Lanka’s First corporate signatory to the UN-supported principles for responsible investment

JXG (Janashakthi Group) subsidiary First Capital Holdings PLC announces that its sub-subsidiary, First Capital Asset Management Limited, a leading player in Sri Lanka’s asset management industry, has become the first corporate in the country to sign on to the United Nations-supported Principles for Responsible Investment (PRI). This milestone highlights the group’s commitment to responsible and sustainable investing and positions First Capital Asset Management Limited at the forefront of ESG-driven investment practices in Sri Lanka.

First Capital’s sustainability journey is anchored in the belief that long-term success stems from empowering people through financial literacy and responsible social and environmental practices. At the heart of the agenda is a commitment to advancing financial stability, enabling individuals and communities to make informed financial decisions, build economic strength and contribute meaningfully to national development. This core focus is complemented by initiatives in community engagement, climate action, and environmental protection, ensuring a balanced approach to sustainable growth. Aligned with global best practices,   programmes are championed that promote inclusive progress, sustainable development and long-term financial wellbeing across Sri Lanka. By embedding financial literacy and sustainability into  core strategies, First Capital  aspire to create a financially empowered and environmentally conscious nation.

The PRI is a global network of investors working to integrate sustainability and governance-related factors within investment practices to build a more sustainable and resilient global economy. With thousands of signatories worldwide, the PRI framework reflects a shared commitment to greater transparency, stronger governance and long-term value creation.

By joining the PRI, First Capital Asset Management formally commits to embedding ESG considerations into its investment analysis and decision-making processes. The company will act as an active owner by integrating ESG aspects into its stewardship and engagement practices, while also seeking improved and transparent ESG disclosures from the entities in which it invests. In addition, First Capital Asset Management will champion wider industry acceptance of responsible investment practices, collaborate closely with the PRI Secretariat and fellow signatories to enhance implementation efforts, and provide regular reporting on its progress and activities related to the principles.

Kavin Karunamoorthy, Chief Executive Officer of First Capital Asset Management Limited noted,
“Responsible investing is essential to strengthening long-term performance and managing emerging risks. Aligning with the PRI ensures that global best practices guide our investment philosophy, making our portfolios strong, competitive and aligned with international sustainability expectations. This achievement reflects our dedication to delivering positive impact alongside strong financial outcomes also positions us as a pioneer in Sri Lanka’s fund management industry”

Cambria Allen-Ratzlaff, Interim CEO at the Principles for Responsible Investment, said: “We are delighted to welcome First Capital Asset Management as a signatory to the PRI. First Capital Asset Management’s commitment to incorporating sustainability-related factors into investment analysis reflects a growing recognition of the value of responsible investing globally for generating long-term returns. We look forward to working together with them in the future.”

With this landmark signing, First Capital Asset Management sets a new benchmark for Sri Lanka’s financial sector, demonstrating leadership in responsible investment and a firm commitment to supporting sustainable economic growth.

About First Capital Asset Management Limited

First Capital Asset Management Limited, a licensed investment manager and managing company for unit trusts regulated by the Securities and Exchange Commission of Sri Lanka (SEC), has established itself as a frontrunner in the industry. The company offers a comprehensive range of funds across all regulated asset classes and provides portfolio management services for high-net-worth clients.

Incorporated as a limited liability company in Sri Lanka on 26 October 1998, First Capital Asset Management Limited continues to uphold its reputation for professionalism, innovation, and trusted investment expertise.

About the Principles for Responsible Investment (PRI)

The Principles for Responsible Investment (PRI) is the world’s catalyst of responsible investment. Supported by the United Nations, it works to understand the investment implications of sustainability and governance-related factors, and to support its international network of investor signatories in incorporating these factors into their investment and ownership decisions. The PRI acts in the long-term interests of its signatories, of the financial markets and economies in which they operate and ultimately of the environment and society as a whole. Launched in New York in 2006, the PRI has grown to more than 5000 signatories managing US$139.6 trillion. For more information visit www.unpri.org.