Business
Biodiversity Sri Lanka: A Decade of Business-Led Conservation
Celebrating 10 years of business-driven biodiversity action, with Dilmah among its founding partners
Biodiversity Sri Lanka (BSL) marked its 10th anniversary this year, celebrating a decade of uniting businesses, scientists, and policymakers to safeguard the island’s natural heritage. From its inception, Dilmah Tea played a pivotal role alongside IUCN and the Ceylon Chamber of Commerce in co-initiating BSL, funding its first staff member and helping shape the platform that would connect companies eager to act on biodiversity with the expertise and frameworks needed for measurable impact.
What began in 2012 as the Business and Biodiversity Platform, driven by this founding partnership, evolved into BSL in 2015 – making Sri Lanka the first country after Japan to establish a corporate-led biodiversity initiative. This milestone anniversary was commemorated with Annual Technical Sessions on 24th September and the BSL Annual General Meeting on 26th September, both celebrating BSL’s pioneering role and looking ahead to an even stronger decade of action.
“I look back with a sense of pride and also great appreciation because we trod untrodden ground,” said Shiranee Yasaratne, Senior Technical Advisor to BSL. “At that point I need to recollect the initiation carried out by the likes of Mr. Prema Cooray, the Secretary Generals of the Ceylon Chamber of Commerce, IUCN, and Dilmah Conservation, which funded the first staff member for the platform.”
What started as a lonely journey with five members has today grown into a network of over 100 member organisations spanning the sectors of manufacturing, tourism, IT, finance, and more. Its flagship LIFE Series has built a portfolio of multi-stakeholder projects to restore threatened ecosystems. The first initiative restored 12 hectares in Kanneliya Conservation Forest and has since expanded to 10 hectares of mangrove restoration in Anawilundawa Sanctuary, management of 130 kilometres of coastline to reduce plastic pollution, coral reef rehabilitation, and restoration of Lunugamwehera National Park areas degraded by invasive species.
At this year’s Annual Technical Sessions, keynote addresses highlighted the urgency of business engagement. Renowned biodiversity scientist Rohan Pethiyagoda underlined the importance of corporate action for nature, while Prof. Madhu Verma, Senior Economic Advisor at IORA Ecological Solutions in India, stressed the need to value nature in economic decision-making.
A high-level panel moderated by Malik Fernando, Chairman / CEO of Resplendent Ceylon, explored how businesses are embedding biodiversity into strategy. Panelists included Prof. Sirimal Abeyratne, Emeritus Professor of Economics at the University of Colombo, Architect Murad Ismail, Dr Shamen Vidanage, Country Representative IUCN and Rohitha Bandara, Executive Director – Finance and ESG at Hayleys Fabric PLC, with expert reflections from Aban Marker Kabraji, Senior Regional Advisor on Climate and Environment, UNEP ROAP.
Recognising Dilmah’s commitment to biodiversity Kabraji said, “I was there at the creation of Biodiversity Sri Lanka, I know how much the Dilmah Family led it. All I can say is you showed us the way, and I thank you for it.” It is commendable how Dilmah has taken a corporate leadership role towards a national sustainability objective.
The afternoon shifted to focused breakout sessions where economists, scientists, researchers, and corporate leaders exchanged ideas across six themes: Financing the Plastic Revolution; Science, Policy and Partnerships; Harnessing Nature to Transform Business Strategy; AI & Nature for Enriched Experiences; Cultivating Biodiversity in Agriculture and Plantations; and Aligning Business and Nature. Member-led examples showcased on-the-ground projects, challenges, and lessons.
At the Annual General Meeting, BSL Chairperson and Chairman / CEO of Dilmah Dilhan C. Fernando presided, sharing updates from the past year after which a new Board of Directors was appointed.
“Through our LIFE Series and science-led restoration programs, BSL is pioneering private-public-people collaborations that go beyond tree planting to deliver resilient landscapes, thriving wildlife, and shared prosperity,” said Fernando.
A highlight of the AGM was the unveiling of BSL’s new logo and strategy, structured around five pillars under the acronym L.I.F.E. These focus on restoring landscapes, supporting local communities, promoting responsible resource use, and forging partnerships between business, science, and policy to drive lasting impact.
In today’s global context, sustainability is no longer optional. For Sri Lankan companies, particularly those linked to European and American markets, compliance with environmental standards is becoming mandatory. BSL’s mission goes further – nurturing businesses that embed sustainability into core strategy, while addressing climate change, pollution, and resource depletion.
With a decade of impact behind it, BSL now looks ahead to a future where business takes a leading role in building a nature-positive Sri Lanka.
Business
HNB Finance bags 2 CMA Reporting Awards 2025
HNB Finance PLC has been honoured with two prestigious accolades at the CMA Excellence in Integrated Reporting Awards 2025, reaffirming the company’s commitment to transparency, good governance, and integrated business performance.
At this year’s ceremony, HNB Finance PLC was awarded Second Runner Up – joint in the category of “Best Integrated Report , Finance and Leasing Sector”, and also received a Merit Award in recognition of its continued efforts to enhance reporting quality and strengthen stakeholder communication.
The CMA Excellence in Integrated Reporting Awards, organised annually by the Institute of Certified Management Accountants (CMA) of Sri Lanka, acknowledge organisations that demonstrate superior financial reporting standards aligned with global best practices. Winners are assessed on key criteria such as financial performance and strategic management, corporate governance and compliance, innovation and digital transformation, sustainability practices, and professional excellence.
Chaminda Prabhath, Managing Director/CEO of HNB Finance PLC, commented on the recognition, “These awards reaffirm our commitment to upholding the highest standards of integrated reporting and transparent financial disclosure. At HNB Finance, we remain focused on delivering sustainable long-term value through robust governance frameworks, prudent financial management, and continuous innovation. The acknowledgement by CMA Sri Lanka reflects the disciplined efforts of our teams across the organization and motivates us to further enhance our reporting quality, strengthen ESG integration, and reinforce our stakeholder centric approach.”
Business
ComBank joins ‘Liya Shakthi’ scheme to further empower women-led enterprises
The Commercial Bank of Ceylon has reaffirmed its long-standing commitment to advancing women’s empowerment and financial inclusion, by partnering with the National Credit Guarantee Institution Limited (NCGIL) as a Participating Shareholder Institution (PSI) in the newly introduced ‘Liya Shakthi’ credit guarantee scheme, designed to support women-led enterprises across Sri Lanka.
The operational launch of the scheme was marked by the handover of the first loan registration at Commercial Bank’s Head Office recently, symbolising a key step in broadening access to finance for women entrepreneurs.
Representing Commercial Bank at the event were Mithila Shyamini, Assistant General Manager – Personal Banking, Malika De Silva, Senior Manager – Development Credit Department, and Chathura Dilshan, Executive Officer of the Department. The National Credit Guarantee Institution was represented by Jude Fernando, Chief Executive Officer, and Eranjana Chandradasa, Manager-Guarantee Administration.
‘Liya Shakthi’ is a credit guarantee product introduced by the NCGIL to facilitate greater access to financing for women-led Micro, Small, and Medium Enterprises (MSMEs) that possess viable business models and sound repayment capacity but lack adequate collateral to secure traditional bank loans. Through NCGIL’s credit guarantee mechanism, Commercial Bank will be able to extend credit to a wider segment of women entrepreneurs, furthering its mission to drive inclusive economic growth.
Business
Prima Group Sri Lanka supports national flood relief efforts with over Rs. 300 Mn in dry rations
Prima Group Sri Lanka has pledged assistance valued at over Rs. 300 million, providing essential Prima food products to support communities affected by the recent floods across the island. This relief initiative is being coordinated through the Ministry of Defence to ensure the timely and effective distribution of aid to impacted families.
As part of this commitment, Prima Group Sri Lanka donated a significant stock of Prima dry rations to the Government of Sri Lanka on 30 November. The consignment will be distributed across multiple severely impacted districts. These supplies will support families facing disruptions to daily life, ensuring they receive assistance as recovery efforts continue.
The handover took place at the Ministry, where the donation was received by the Secretary of Defence, Air Vice Marshal (Retired) Sampath Thuyacontha. Representing Prima Group Sri Lanka, Sajith Gunaratne – General Manager of Ceylon Agro Industries Limited, and Sanjeeva Perera – General Manager of Ceylon Grain Elevators PLC, officially presented the donation.
Prima Group has been standing with the people of Sri Lanka for over 40 years, and this donation reflects its broader commitment to the nation during challenging times. As relief operations continue across the island, the company remains focused on helping families rebuild their lives and supporting the ongoing recovery process in collaboration with the Government Authorities.
-
News5 days ago
Lunuwila tragedy not caused by those videoing Bell 212: SLAF
-
News4 days agoLevel III landslide early warning continue to be in force in the districts of Kandy, Kegalle, Kurunegala and Matale
-
Latest News6 days agoLevel III landslide early warnings issued to the districts of Badulla, Kandy, Kegalle, Kurunegala, Matale and Nuwara-Eliya
-
Features6 days agoDitwah: An unusual cyclone
-
Latest News7 days agoUpdated Payment Instructions for Disaster Relief Contributions
-
News2 days agoCPC delegation meets JVP for talks on disaster response
-
News2 days agoA 6th Year Accolade: The Eternal Opulence of My Fair Lady
-
Business2 days agoLOLC Finance Factoring powers business growth
