Business
UN Global Compact Network Sri Lanka: Empowering Businesses to Lead Sustainability in 2025 & Beyond
Colombo, Sri Lanka_ The UN Global Compact Network Sri Lanka came together recently for their flagship event – Compass 2025 – to celebrate the progress made in the year 2024 as well as unveil the strategic priorities, initiatives and programme lineup for 2025. The audience included participants, collaborators and valued stakeholders.
Addressing the recent Compass 2025 event, Dilhan C. Fernando, Chairman of the UN Global Compact Network Sri Lanka and Chairman of Dilmah Tea, highlighted the critical role of businesses in steering the world towards sustainable growth amidst rising global challenges. Reflecting on 25 years since the inception of the UN Global Compact by former UN Secretary General Kofi Annan, Fernando underscored the importance of collaboration, leadership and resilience to meet the urgent demands of sustainability.
“In 1999, Kofi Annan envisioned the UN Global Compact to preserve universal values as the foundation for sustainable growth. Today, his successor has added to the urgency of that call, citing widening geopolitical divisions, climate chaos, and growing inequalities,” Fernando said, emphasising that the UN Global Compact’s principles remain as vital as ever in addressing these pressing issues.
He pointed to the exponential growth in the green economy, with market capitalisation reaching USD 7.2 trillion in Q1 2024. This, he noted, presents a significant opportunity for businesses to invest in low-carbon, resource-efficient, and socially inclusive growth models. “We can contain global warming, address inequality, and create green jobs — it only needs leadership, your leadership,” he urged participants.
Highlighting the achievements of Network Sri Lanka, Fernando applauded its innovative programmes, including Working Groups and initiatives like the Climate Emergency Task Force and Sustainable Supply Chain Working Groups. “Our network saw a 25% membership increase last year, and participation in our accelerators ranked among the highest globally,” he remarked.
Sri Lankan companies also shone on the international stage, with Aitken Spence PLC, Diesel & Motor Engineering PLC, and Talawakelle Tea Estates PLC receiving recognition for their leadership in sustainability and showcasing the nation’s progress in integrating sustainable practices into business operations.
Speaking at the event, Marc-André Franche, UN Resident Coordinator in Sri Lanka, said, “Sri Lanka’s private sector has consistently demonstrated a strong commitment to environmental stewardship. As we navigate global challenges, it is this leadership in sustainability that will define the future of business and economic progress.”
Dilhan C. Fernando reiterated the urgency of sustainability as both a moral obligation and a business imperative. “The European Green Deal has changed the sustainability landscape, compelling businesses to align their strategies with new realities to remain competitive,” he explained. He also emphasised that resilience and profitability are inextricably linked to sustainable practices.
In closing, he called on businesses to embrace the UN Global Compact’s CEO Agenda, a critical toolkit for navigating financial, legal and market challenges, while fostering inclusive, sustainable growth. He expressed gratitude to members, partners and Network Sri Lanka’s team for their dedication and collaboration.
“We are entering uncharted territory, do not back down. Stay on the right side of history,” Fernando urged, quoting UN Secretary General António Guterres.
Through these efforts, Network Sri Lanka continues to lead the charge in embedding sustainability into core business strategies, empowering organisations to drive meaningful change in a rapidly evolving global landscape.
Business
Steps leading to the achievement of SL’s national interest in IOR
Sri Lanka needs to build awareness, effective policies and encourage regional multilateral frameworks to develop a multi-pronged approach to secure its national interest and safeguard regional stability in the Indian Ocean Region (IOR), as the region together with its seabed have become an area of strategic competition, former Assistant Chief Cabinet Secretary to former Japanese Prime Minister Shinzo Abe, Prof Nobukatsu Kanehara said.
“The Indian Ocean has been a maritime highway for millennia, with Sri Lanka being a midway point of the flow of trade, culture, technology and intellectual progress, Prof Kanehara said at the 4th Pathfinder Foundation Sri Lanka Indian Ocean Security Council Conference held recently at the Cinnamon Grand Hotel. The forum was presided over by Pathfinder Foundation Sri Lanka Chairman Ambassador (retd.) Dr. Bernard Goonetilleke.
The forum’s purpose was to obtain expert commentary regarding the need for Sri Lanka to ‘up its game’ in the IOR.
Abe said that from the 1870s onwards, the Indian Ocean had become the global communications highway, with the British Empire laying submarine cables from Aden to Mumbai, linking Europe to South Asia.
‘Since then, with the passage of time, Ceylon, and later Sri Lanka, has seen the bulk of the global digital communications umbilical laid through its maritime domain of influence, with over a dozen such cables laid over the island’s Exclusive Economic Zone (EEZ) thus far, he said.
Prof. Kanehera added: ” With the rise of Artificial Intelligence (AI) and increasing digitisation, such submarine cables have become critical strategic infrastructure for the island nation as well as the region.
‘This timely conference came as world powers rushed to secure critical minerals needed to maintain a technology edge over rivals, both militarily and economically, disrupting the longstanding rules-based order, especially at sea and in trade.
‘The lack of cognition regarding how to understand and navigate the return to a near Cold War era strategic competition in the Indian Ocean, and increasingly in the sub-surface domain and the seabed, among Sri Lanka’s policy making community, bureaucrats and public leaves the economically weakened island nation more vulnerable to geopolitical coercion, shocks and tug-o-war, which will likely increase in the coming decade.’
By Hiran H Senewiratne
Business
Automobile Association of Ceylon donates towards Disaster Relief Support Fund
Automobile Association of Ceylon (AAC) donated Rs. 25 Million towards the Disaster Relief Support Fund to assist the Ditwah Cyclone victims.
A donation was handed over to Dr. S N Kumanayake, Secretary to the President of Democratic Socialistic Republic of Sri Lanka by Dhammika Attygalle, President – AAC at the Presidential Secretariat on the 19th February 2026 in the presence of Executive Committee members.
Dhammika Attygalle President AAC (third from Left) handing over the cheque to Dr S N Kumanayake, Secretary to the President of Democratic Socialistic Republic of Sri Lanka.
In the picture L-R Lasitha Gunaratne- EXCO Member – AAC, Devapriya Hettiarachchi – Secretary -AAC, P H Liyanage, P B Kulatunga & Indunil Udaya – Members of the EXCO – AAC
Business
‘Sri Lanka’s first AI-powered digital trainer for Banca partners’
HNB Assurance PLC recently introduced NAVI, The Digital Trainer, a new AI-powered training companion designed to support its banca staff with instant, reliable access to knowledge, whenever they need it. The solution was unveiled at Partnership Life, the company’s annual forum dedicated to celebrating the performance of its Partnership Channel.
Built to make learning simpler and more accessible, NAVI is a voice-enabled AI chatbot that helps banca staff quickly find product information, policy details, and process-related guidance by drawing from a centralized knowledge bank. Whether on the go or at the point of customer interaction, NAVI ensures that answers are never out of reach.
Sharing his thoughts, Sanesh Fernando, Chief Business Officer / GM – Partnership Channel at HNB Assurance, opined, “With NAVI, our intention is to make learning a part of everyday conversations. By combining chat and voice capabilities, we are making it easier for our officers to learn on demand and perform with greater confidence.” He further noted that it is this continuous focus on meaningful innovation that has consistently set HNB Assurance apart within the bancassurance space. “Solutions like NAVI reflect the way we think and operate as a Partnership Channel. This commitment to enabling our partners and bancassurance officers through practical, forward-thinking initiatives has been a key driver in our journey, one that has seen us being recognized as the Best Life Bancassurance Provider for five consecutive years, while also delivering strong and sustained growth year after year.”
Commenting on the launch, Suneth Jayamanne, Chief Information Officer / GM of HNB Assurance, said, “We see NAVI as a support system rather than a piece of technology. Our Bancassurance officers operate in fast-paced environments and having instant access to the right information can make all the difference. NAVI is about helping our people feel more prepared, more confident, and more connected to the knowledge they need to serve customers better.”
The launch of NAVI was marked by an engaging reveal featuring an AI-generated avatar that introduced the digital trainer and its capabilities, symbolizing a shift towards a more intuitive and people-friendly approach to learning.
As HNB Assurance continues to expand its Partnership Channel, innovations such as NAVI highlights the company’s focus on building strong, well-supported partnerships, blending technology with a deep understanding of how people learn, and work.
HNB Assurance PLC (HNBA) is one of the fastest growing Insurance Companies in Sri Lanka with a network of 79 branches. HNBA is a Life Insurance company with a rating of ‘A’ (lka) by Fitch Ratings Lanka for ‘National Insurer Financial Strength Rating’. Following the introduction of the segregation rules by the Insurance Regulator, HNB General Insurance Limited (HNBGI) was created and commenced its operations in January 2015; HNBGI continues to specialize in motor, non-motor and Takaful insurance solutions and is a fully owned subsidiary of HNB Assurance PLC. HNB General Insurance has been assigned a ‘National Insurer Financial Strength Rating’ of ‘A’ (lka) by Fitch Ratings Lanka Limited. HNBA is rated within the Top 100 brands and Top 100 companies in Sri Lanka by LMD and HNB Assurance has won international awards for Brand Excellence, Digital Marketing and HR Excellence including the Great Place To Work® Certification, and won many awards for its Annual Reports at award ceremonies organized by the Institute of Chartered Accountants of Sri Lanka.
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