Business
Allianz Insurance Lanka lends its support to ‘Preserving Land and Nature’
In a decisive step that merges environmental responsibility with corporate purpose, Allianz Insurance Lanka Limited launched a groundbreaking partnership with the Wildlife and Nature Protection Society (WNPS) recently to support its Preserving Land and Nature (PLANT) initiative, a bold and science-driven conservation effort aimed at rebuilding Sri Lanka’s fragmented ecosystems.
The partnership marks a defining moment for the insurance sector in Sri Lanka, introducing a new model of sustainability-linked customer engagement. For every motor and travel insurance policy sold from October 30, 2025, Allianz Lanka will contribute funds—at no cost to customers—toward reforestation, habitat restoration and biodiversity conservation projects countrywide.
This is more than a CSR gesture; it is a strategic realignment of business and sustainability—a move that reinforces Allianz’s global commitment to ESG leadership, while setting a benchmark for responsible corporate citizenship in Sri Lanka.
“Allianz has always believed that protecting what matters most goes beyond insurance, it’s about safeguarding the planet and the future we all share, Prashant Grover, Chief Executive Officer and Country Manager of Allianz Insurance Lanka Limited, told journalists at a media briefing held at One Galle Face.
“At Allianz, we have a robust sustainability agenda centered on mind, body, and society. Our global ESG strategy focuses on achieving net-zero emissions by 2050 and reducing internal emissions by 70 percent by 2025 compared to 2019 levels, Grover explained, emphasizing that Allianz’s sustainability ethos is embedded within its operational DNA rather than confined to peripheral projects.
This partnership, Grover noted, is about creating shared value, turning every customer into a participant in climate action. “Through PLANT, we are giving our customers the opportunity to contribute directly to Sri Lanka’s environmental restoration and biodiversity conservation, without paying a cent more. It’s a meaningful way to extend the impact of insurance beyond financial protection to environmental protection.”
The PLANT initiative, founded under the umbrella of WNPS, the oldest and most active conservation organization in Sri Lanka focuses on building forest corridors to reconnect fragmented ecosystems, a challenge exacerbated by unplanned development.
“Many of Sri Lanka’s endemic species live outside protected areas, said Sriyan de Silva Wijeyeratne, chairperson of the PLANT initiative. “If we truly want to protect what’s uniquely ours, we must protect the habitats where our endemic species actually live. That’s why PLANT focuses on creating forest corridors that connect these ecosystems and allow wildlife to move safely.”
Unlike traditional tree-planting drives, PLANT takes a science-led ecosystem approach. “We are not about planting trees; we are about restoring ecosystems, Wijeyeratne emphasized. “Sometimes that means grasslands, sometimes forested patches, depending on the species and terrain. Our goal is ecological connectivity and biodiversity recovery.”
Since its inception, PLANT has established operations in 33 locations, securing over 2,500 acres and creating nearly 25 kilometers of forest corridors across the country. Current projects include the Budunwela Reforestation Project, protecting 24 acres critical for elephants and leopards and several corridor creation initiatives in the hill country plantations, where over 20 kilometers of habitat links are being restored in partnership with estate companies.
What makes this collaboration distinctive is its integration of sustainability into the core business model of an insurance provider. Rather than offering post-profit donations, Allianz Lanka has embedded environmental contribution directly into every policy.
From a business standpoint, Allianz’s partnership with WNPS represents a strategic response to the evolving market expectations surrounding ESG performance.
“Modern investors, customers, and regulators increasingly demand demonstrable environmental and social impact from companies, said a senior market analyst familiar with the insurance sector. “What Allianz has done is create an ESG-aligned product differentiation strategy—leveraging sustainability not just as a compliance metric, but as a driver of customer loyalty and brand equity.”
“Allianz Lanka is showing how corporates can bridge the gap between conservation and citizen communities, said Jehan CanagaRetna, Past President of WNPS. “They’ve moved beyond ad-hoc CSR to embed sustainability into their business. By sacrificing some short-term profits, they are creating a foundation for long-term environmental impact.”
By Ifham Nizam
Business
DIMO KNIGHTS 2026 Reinforces a Culture of Recognition and Growth
DIMO celebrated DIMO KNIGHTS 2026, recognizing employees whose exceptional dedication, leadership, innovation, and commitment continue to shape the organization’s success. More than an employee recognition event, DIMO KNIGHTS reflects DIMO’s unwavering commitment to cultivating a workplace where people are empowered to thrive, reinforcing the Employee Value Proposition of ‘Making Work Enjoyable and Rewarding’ while bringing its Corporate Purpose of Fuelling Dreams and Aspirations to life.
Held under the theme “Illuminating Leadership, Inspiring Achievement,” the event celebrated individuals who exemplify DIMO’s values and inspire excellence across the organization. By recognizing those who consistently go above and beyond, DIMO continues to foster a high-performance culture where people are empowered to innovate, lead, and create meaningful impact.
A highlight of the evening was the keynote address delivered by Mr. Ravi Kant, former Managing Director and Vice Chairman of Tata Motors India, who shared valuable insights on leadership, organizational transformation, and building resilient organizations capable of sustaining long-term success.
Commenting on the event, Ms. Dilrukshi Kurukulasuriya, Executive Director / Chief Human Resources Officer of DIMO, said: “Our Tribe is the driving force behind DIMO’s continued success. DIMO KNIGHTS is more than a celebration of outstanding performance; it is a reflection of the culture we strive to build every day. By recognizing and empowering our people, we reinforce our Employee Value Proposition of ‘Making Work Enjoyable and Rewarding’ while bringing our Corporate Purpose to life. When our people grow, innovate, and thrive, they create lasting value for our customers, partners, and the communities we serve.”
DIMO KNIGHTS reinforces the organization’s people-first philosophy by fostering a culture of appreciation, continuous learning, and purposeful leadership. The programme reflects DIMO’s conviction that when employees are empowered, recognized, and inspired to excel, they shape the future of the organization through innovation, collaboration, and sustained excellence, strengthening a high-performing culture that delivers lasting value, drives sustainable business success, and reinforces DIMO’s position as an employer of choice.
The evening recognized employees across a wide range of categories, celebrating outstanding performance, innovation, collaboration, customer focus, and leadership. The ceremony culminated with the presentation of the prestigious Innovator of the Year and Employee of the Year awards, with the Employee of the Year accolade presented to Mr. Chathura Gunasekera.
As DIMO continues to invest in developing exceptional talent, initiatives such as DIMO KNIGHTS reaffirm the organization’s belief that sustainable business success begins with its people. By creating an environment where individuals are recognized, empowered, and inspired to achieve their full potential, DIMO continues to cultivate a purpose-driven, high-performing workforce that is equipped to shape the future of the organization while delivering lasting value to all stakeholders.
Business
Sri Lanka’s lifestyle coffee culture boom and the two faces of its economy
By Sanath Nanayakkare
On Baseline Road in Colombo, Barista Coffee recently opened its 100th outlet. For a modern café culture spreading across shopping centers, office districts, and provincial towns, this milestone is a major commercial success. It shows a thriving urban service sector and a growing class of lifestyle consumers who use coffee shops as places to work, socialise, and meet.
This is a curious new picture emerging from Sri Lanka’s post-crisis economic recovery: the coffee cup is getting bigger, even as the household tea cup tells a very different story.
Yet, looking past the espresso machines, a different reality unfolds in the country’s kitchens.
International financial institutions note that while Sri Lanka’s macro-economy is recovering, household welfare and employment remain below pre-crisis levels. Poverty rates sit at roughly double what they were in 2019, and food prices doubled over a three-year span, forcing families to cut back on essentials.
This creates a striking local paradox, especially given Sri Lanka’s proud heritage as a global tea producer. While the world pays top dollar for Ceylon Tea, local market studies and industry reports have long pointed out an unfortunate disparity: many ordinary families find high-quality tea too expensive, often settling for lower-grade alternatives at home.
The growth of a 100-outlet coffee network does not mean prosperity has spread evenly across the island. Instead, it proves that there is a specific, well-resourced segment of consumers with the purchasing power to sustain a premium lifestyle economy, even as many other households carefully calculate the cost of everyday groceries.
Barista’s 100th store is not a bad-news story; it is a testament to acute entrepreneurial grit, shifting consumer behavior, and the vital revival of the nation’s urban service sectors. But it serves as an uncompromising reminder that macroeconomic stabilisation is not synonymous with household recovery.
As Colombo’s coffee culture looks toward its next hundred outlets, the true pulse of the nation’s economic health will not be measured by the espresso machines humming in sleek urban hubs, but by the quiet arithmetic happening in millions of kitchens beyond its doors – where the fundamental question remains whether a family can comfortably afford a better cup of Ceylon Tea.
Business
Aitken Spence Hotel Holdings Rs. 5 billion debenture issue oversubscribed on opening day
Aitken Spence Hotel Holdings PLC announced that its maiden listed, rated, unsecured, senior
redeemable debenture issue was oversubscribed on its opening day, 15th September 2026.
The Company sought to raise Rs. 3 billion through an initial issuance of 30 million debentures at Rs.
100 each, with an option to issue a further 20 million debentures in the event of oversubscription of the initial issue, increasing the total issue size to Rs. 5 billion.
The Company said it had received applications for more than 50 million debentures, the full amount on offer, prompting the issue to close at 4:30 p.m. on the opening day (15).
The basis of allotment will be announced to the Colombo Stock Exchange as per regulatory requirements in due course.
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