Connect with us

Business

Aitken Spence becomes Sri Lanka’s first diversified group to receive SBTi validation

Published

on

Heritance Kandalama – First LEED Gold certified hotel in the world

Internationally benchmarked climate action

Aitken Spence PLC reached a defining moment in its sustainability journey, becoming the first diversified holdings company in Sri Lanka to have its emission reduction targets validated by SBTi. For a Group whose operations span 17 industry sectors and several geographical regions, this complexity is amplified. Each sector presents unique challenges, from energy-intensive operations to service-oriented businesses with wide networks and value chains. Bringing these diverse units together under a unified climate strategy calls on a comprehensive understanding of operational processes, a robust governance framework, a mature system and consistent monitoring mechanisms to ensure measurable outcomes.

According to UNEP’s latest Emissions Gap Report, global temperatures are likely to exceed 1.5°C within the next decade and the window for meaningful action is narrowing. 2024 was the first calendar year in human history to exceed 1.5°C of warming above pre-industrial levels, the very threshold the Paris Agreement was agreed to prevent. Corporates have a critical role to play in addressing climate change, and global expectations for corporate climate action are justifiably rising.

The Science Based Targets initiative (SBTi) is a corporate climate action organisation designed to address this responsibility, enabling companies and financial institutions worldwide to play their part in combating the climate crisis. An independent global organisation that reviews whether corporate climate targets are in line with the level of action needed to tackle climate change, SBTi was initially founded as a collaboration between CDP, United Nations Global Compact, We Mean Business Coalition, World Resources Institute (WRI), and World Wide Fund for Nature (WWF).

SBTi validation strengthens the credibility of Aitken Spence’s climate commitments by anchoring its emissions reduction pathway to independently verified sciencebased thresholds. This enhances confidence among investors and other stakeholders by demonstrating that the Group’s decarbonisation trajectory is aligned with global climate science rather than internally defined benchmarks.

Commenting on this achievement, Chairman/Chairperson of Aitken Spence PLC, Ms. Stasshani Jayawardena said, “Receiving SBTi validation for our targets is a proud milestone for Aitken Spence and an important indicator of where we are headed as a Group. As global expectations around climate responsibility continue to evolve, we believe businesses must lead with clarity, accountability and ambition. This recognition reflects our willingness to take bold decisions, transform the way we operate, and align our growth ambitions with internationally accepted climate goals. Across our diverse businesses and markets, sustainability will continue to shape how we invest, innovate and create long-term value for all stakeholders.”

By achieving this validation, the Group attests that large, multi-sector organisations can pursue climate responsibility with coherence and measurable impact, even while managing the complexities inherent to diverse business operations.

This landmark achievement is further reinforced by Aitken Spence’s longstanding track record of pioneering sustainability-led innovation across industries. The Group is the first and only company in Sri Lanka to invest in a waste-to-energy power project through Western Power Company, pioneered the world’s first LEED Gold certified hotel with Heritance Kandalama, and established the first carbon neutral, green printing facility in the South Asian region through Aitken Spence Printing.

Looking ahead, the validated targets provide a clear framework for guiding future investments, initiatives and partnerships, while supporting more informed responses to climaterelated risks and emerging regulatory expectations. In doing so, SBTi validation reinforces sustainability as a core element of the Group’s longterm strategy and resilience.



Continue Reading
Advertisement
Click to comment

Leave a Reply

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

Business

David Pieris Automobiles opens Sri Lanka’s first GWM Flagship Experience Centre

Published

on

Rohana Dissanayake, Group Chairman and Managing Director, David Pieris Group of Companies along with Mahesh Gunathilake, Director, David Pieris Automobiles (Private) cutting the ribbon to open GWM Flagship Experience Centre at the Access Tower, Union Place, Colombo

David Pieris Automobiles (Private) Limited (DPA), the four-wheeler sales arm of the David Pieris Group, announced the opening of its state-of-the-art GWM Flagship Experience Centre at 250, Access Tower 03, Union Place, Colombo 02, marking a significant milestone in the evolution of Sri Lanka’s automotive retail landscape.

The newly opened flagship facility is designed to deliver a truly world-class automotive experience, showcasing the latest innovations and technologies from GWM, one of the world’s leading automobile manufacturers. As the first and only vehicle experience centre of its kind in Sri Lanka, it offers customers an immersive journey that goes beyond the traditional showroom concept. Visitors can explore GWM’s premium range of SUVs and electric vehicles, including the HAVAL H6 HEV, HAVAL H6 PHEV, HAVAL H6 GT PHEV, TANK 300 HEV and TANK 500 HEV, while enjoying dedicated vehicle demonstration zones, test-drive opportunities, and a host of innovative customer engagement experiences designed to redefine the vehicle purchasing journey. GWM’s product portfolio in Sri Lanka will be further expanded in the coming months with the introduction of several new models, including a range of fully electric vehicles.

With a legacy spanning over four decades, the David Pieris Group has earned a reputation as one of Sri Lanka’s most trusted automotive organisations, particularly for its comprehensive after-sales support and customer service excellence. Strengthening its commitment to GWM customers, DPA has already established a dedicated, state-of-the-art GWM service centre at No. 75, Hyde Park Corner, Colombo 02, supported by an expanding network of authorised service dealers across the island to ensure convenient and reliable customer care.

Commenting on the opening, Mahesh Gunathilake, Director, David Pieris Automobiles, stated: “The opening of the GWM Flagship Experience Centre represents a significant milestone in our journey with the GWM brand in Sri Lanka. This is the country’s first dedicated state-of-the-art experience centre for GWM vehicles, offering customers the opportunity to experience world-class automotive technology, premium comfort and advanced safety features. GWM has successfully redefined modern mobility by delivering high-end luxury and innovation at an affordable price point, and we are proud to bring this exceptional experience to Sri Lankan motorists.”

The opening of the flagship facility further reinforces David Pieris Automobiles’ commitment to expanding GWM’s presence in Sri Lanka while providing customers with an unmatched ownership experience backed by the Group’s renowned sales and after-sales expertise.(DPA)

Continue Reading

Business

Sri Lanka’s culinary strengths engagingly explored

Published

on

Issue no.1 of a ground-breaking journal on Sri Lankan food and culture has just been launched and it’s such an engaging ‘read’ that it just cannot be put down by the reader until s/he reaches the last word in the publication. Titled ‘ROOTED’ it is a publication of Rooted Publications Pvt. Ltd. Colombo (www.rootedsrilanka.com).

This is no run-of-the-mill journal on local ‘culinary delights’. It is a profoundly empathetic, sensitive exploration of the uniqueness of Sri Lankan food and the cultures of the country. In other words, it’s a close, appreciative examination of what makes the native food of Sri Lanka and its cultures special and hard to replicate and replace.

Writers of the arrestingly illustrated articles in ‘ROOTED’ have apparently spared no pains to travel the length and breadth of Sri Lanka to unravel, with mesmeric pleasure, the food and drink offers at the heart of Sri Lankan cuisine. The food connoisseur has all his curiosities satisfied in the journal and cannot prevent his taste buds from being stimulated on reading the contents of the journal.

Regardless of geographical or physical location what Sri Lanka has to offer its own people or the visitor to the country by way of particularly indigenous dishes and meal spreads are made to come alive in these pages. The connoisseurs and food experts are taken on an entrancing journey into homes transformed into family restaurants, aromatic eateries and bustling market places with sizzling catch along the sea coast of the island to its interior in this appetizing survey of Sri Lankan food.

What is distinct in terms of food and drink to the different ethnicities and cultures of the land are rendered in larger-than-life eye-catching portrayals via the pen and the lens. Consequently the journal not only celebrates food but also its distinctive cultural roots and identities. That is, people are serenaded alongside food.

In the process, the ‘ambul thials’, the ‘ala thel and brinjal badums’, the ‘thilapia curries’, the multifarious, ‘mouth-burning sambols’ and heady ‘Arrack shots’ experimentally mixed, to name just a few such offers of food and drink with a uniquely Sri Lankan stamp on them, are made to come alive in ‘ROOTED’.

The magazine has been put together by an editorial team headed by editors Chadini Fernando, Vidya Balachander and they need to be commended on a job well done.

By Lynn Ockersz

Continue Reading

Business

MO Marketplace App: A space for women to sell in Sri Lanka

Published

on

The team behind the current success of 14,000 registered users

In Sri Lanka, selling something has always carried an unspoken risk for women. Share your number with a stranger. Arrange a meeting. Handle cash. Hope for the best.

MO Marketplace, live since June 2024, has removed every one of those friction points. Buyers and sellers on the platform never need to exchange personal contact details. Payments are held in escrow until delivery is confirmed. Pickup and drop-off is managed entirely by MO. Two people can complete a transaction from start to finish without ever speaking directly to each other.

For women running home-based businesses or women simply have too many clothes and things, that architecture is not a convenience. It is a fundamental shift in what is possible.

The evidence is in the listings. Clothing, fashion, and home goods dominate the platform, categories overwhelmingly driven by female sellers and buyers. From home-based clothing traders to small lifestyle businesses operating out of living rooms across Colombo, women are using MO to participate in commerce on their own terms, without compromising safety or privacy.

The platform has recorded 45,000 downloads and 14,000 registered users in 18 months, with peak monthly active users of 15,000. Commissions are capped at a flat 10%, significantly below the 15% to 30% charged by dominant platforms, making it accessible for small and micro sellers.

Coming mid-2026, AI tools will automatically generate listing descriptions and enhance product images, removing two of the most common barriers to getting started as a seller. Video selling is also on its way.

Sri Lanka has no shortage of entrepreneurial women. Until now it lacked a platform designed around how they actually need to trade.

Continue Reading

Trending