Connect with us

Business

Teejay supports project which creates a 9-km forest corridor on the banks of Maskeli Oya

Published

on

Teejay Lanka PLC CEO Mr Pubudu De Silva and PLANT Chairman Mr Sriyan de Silva Wijeyeratne exchange the agreement in the presence of representatives of the two organizations

Joins forces with ‘WNPS PLANT’ to part fund reforesting of over 50 Hectares

Leading textile manufacturer Teejay Lanka PLC has pledged funding support towards part of the reforestation of a nine-kilometer section of the banks of the Maskeli Oya, a major upstream tributary of one of Sri Lanka’s most important rivers, the Kelani.

Connecting to the foothills of the Peak Wilderness Sanctuary, the initiative is supported as part of the Company’s sustainability road-map and will enhance water quality, reduce human animal conflict, and contribute to combating climate change as well, a Teejay news release said.

The project, on land in the Maskeliya Upcot valley that is to be released for the purpose by the Hayleys Group’s Horana Plantations PLC, is being executed and managed by Preserving Land and Nature (Guarantee) Limited (PLANT), a company established by the Wildlife and Nature Protection Society (WNPS) of Sri Lanka, Sri Lanka’s largest and most active conservation entity.

A Memorandum of Understanding entered into by Teejay and PLANT (www.plantsl.org) envisages the regeneration of forest cover on 30 to 50 feet wide continuous strips of land on the opposing banks of the waterway. Five project segments combine, forming a nine-kilometer forest corridor that will create over 50 hectares of new forest, with one of these segments funded by Teejay.

Teejay Lanka CEO Mr Pubudu De Silva said the two-year project would be a significant element of the Company’s ‘Abhivarah 2030’ sustainability road map and generate valuable carbon credits, while helping restore one of the country’s most scenic natural habitats to its pristine state. “Teejay is also focused on initiatives to improve the environment in and around the Kelani River and its related ecosystems, and this project is a perfect extension of that commitment,” he said.

Speaking at the signing of the MoU, PLANT Chairman Sriyan de Silva Wijeyeratne commended Teejay for the company’s solid commitment towards nature preservation and for the many groundbreaking initiatives it is taking. “PLANT is fortunate to have visionary partners like Teejay coming forward to set an example for others to follow,” he added.

The forest corridor that is to be created by PLANT as part of this reforestation project will comprise of multiple tree species including Tel-keena (Calophyllum walker) Kudu dawula or dawul Kurundu – (Neolitsea cassia) Gal-Weralu (Elaeocarpus subvillosus) and Kenda (Macaranga sp.) among others, thereby helping to enhance the biodiversity of the area, prevent soil erosion and flooding.

PLANT was set up with the aim of acquiring privately-owned lands outright or on a long-term lease for the purpose of conservation and to collect funds for the purpose of conservation, while also working to leverage lands which are owned by Partners themselves. PLANT currently supports more than 2,500 Acres of conservation footprint in over 20 locations with the help of multiple local and global partners

Teejay’s ‘Abhivarah 2030’ road-map aims to plant one million trees and achieve net zero carbon emissions by the company by 2050. Developed in alignment with the UN’s Sustainable Development Goals, its three principal pillars are defined as Responsible Consumption – doing more with less; Responsible Discharge – waste to wealth; and Support Thriving Planet – to earth with love. Among its targets are achieving zero toxic chemical usage and discharge, transition to renewable energy sources, and reducing water intensity consumption by 50%, to achieve a 100% sustainable product portfolio.

An ISO 9001:2015, ISO 14001:2015, ISO 45001: 2018 and Eco Labeling compliant company and the first in the industry to develop green fabric, Teejay Lanka was also the first textile manufacturer in Sri Lanka to receive membership of the US Cotton Trust Protocol. Teejay is a public quoted company with 40 per cent public ownership and the backing of Sri Lanka’s largest apparel exporter Brandix Lanka which has a 33 per cent stake in the Company. Pacific Textiles of Hong Kong, whose key shareholder is the Tokyo Stock Exchange listed Toray Industries Inc., owns 27 per cent of Teejay Lanka.



Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

UN Global Compact Network Sri Lanka mobilizes business to lead with purpose

Published

on

As businesses navigate an increasingly complex operating environment shaped by workforce transformation, evolving stakeholder expectations, technological disruption and shifting market demands, strengthening performance requires more than new strategies. It requires new ways of thinking, leading, and collaborating.

It was against this backdrop that UN Global Compact Network Sri Lanka convened CATALYZE 2026: Social, bringing together business leaders, sustainability practitioners, policymakers, development partners and industry experts to mobilize collective action and equip businesses with the knowledge, partnerships and practical approaches needed to strengthen performance through responsible business.

More than a forum for dialogue, CATALYZE 2026 was designed to help businesses think differently about performance. It reinforced that long-term success is increasingly shaped by how organizations lead, uphold human rights, foster inclusive workplaces, strengthen ethical governance, and build cultures that enable innovation, resilience and trust. Responsible business is no longer separate from business performance — it is fundamental to it.

Aligned with the UN Global Compact’s 2026–2030 Global Strategy, the Forum reflected its three strategic pillars — Equip, Catalyze and Advance — by strengthening business capability, fostering collaboration and mobilizing leadership to accelerate progress on social sustainability.

UN Global Compact Network Sri Lanka’s approach to social sustainability centres on driving this change — recognizing that meaningful progress comes not only through policies and commitments, but through the everyday decisions, leadership behaviours and organizational cultures that shape how businesses operate. CATALYZE 2026: Social encouraged participants to move beyond intention towards implementation, embedding responsible business practices into strategy, governance and organizational culture.

Opening the CATALYZE 2026: Social, Rathika de Silva, Executive Director of UN Global Compact Network Sri Lanka, spoke to the role of responsible business leadership in strengthening Sri Lanka’s global competitiveness:

“Sri Lanka has the workforce, resilience, and opportunity to compete not by being the cheapest producer, but by becoming the most trusted. As global expectations evolve, compliance is no longer simply a cost of doing business — it is the foundation of market access, and the decisions we make today will determine how strongly we compete in the markets of the future.”

The Forum featured keynote addresses, leadership dialogues and technical sessions on the issues shaping the future of business, including business integrity and anti-corruption, human rights, neurodiversity and inclusive workplaces, artificial intelligence and the future of jobs, the Women’s Empowerment Principles (WEPs), responsible sustainability communications, and workforce resilience. Together, these discussions highlighted how responsible leadership, inclusive practices, and strong governance contribute to organizational resilience, innovation, and long-term performance.

Continue Reading

Business

A regional conversation on the future of English language teaching

Published

on

Free British Council online conference brings together leading educators from across South Asia to explore how creativity, inclusion and technology can help prepare learners for a rapidly changing world

The British Council has announced the South Asia TeachingEnglish Online Conference 2026, a free three-day event that will convene educators, researchers and teacher educators from across the region to examine one of the most pressing questions facing education today: how can schools equip learners with the creativity, adaptability and communication skills needed to thrive in an increasingly complex world?

Taking place from 23–25 July 2026, the online conference comes at a time when education systems across South Asia are grappling with the challenge of balancing curriculum demands, assessment pressures and evolving learner needs. While English remains a critical gateway to academic and professional opportunities, educators are increasingly seeking approaches that move beyond language acquisition alone to foster critical thinking, collaboration, learner agency and participation.

Continue Reading

Business

The Ceylon Chamber convenes dialogue on energy security and standards for Sri Lanka’s energy transition

Published

on

The Ceylon Chamber of Commerce recently hosted a discussion titled “Energy Transition in Sri Lanka: Strategic Insights from Global Markets”, bringing together representatives from the public and private sectors, industry experts, academics, and other stakeholders to examine the opportunities and challenges associated with Sri Lanka’s evolving energy landscape.

Held at a time when countries around the world are accelerating their transition towards cleaner, more resilient, and technology-driven energy systems, the event provided a timely platform to examine renewable energy not only as an environmental priority but as a strategic pillar of national energy security, with implications for economic growth and long-term competitiveness. The discussion also considered the increasing importance of reliable energy infrastructure in meeting the growing demands of digital transformation, including emerging technologies such as artificial intelligence, electric mobility, and data centres.

The programme covered a wide range of topics relevant to Sri Lanka’s energy future, including renewable energy development, energy security, regulatory and policy frameworks, electricity sector reforms, energy storage systems, grid modernization, investment and financing considerations, and international experiences in energy transition. Particular attention was given to the need for creating an enabling environment that supports innovation, attracts investment, including the technical and safety standards required to protect consumers and businesses as storage and solar adoption scales nationally.

Continue Reading

Trending