Business
Aitken Spence, the only Sri Lankan company in the Top 100 Global Companies for Sustainability 2022
Aitken Spence PLC has been recognised in the global ranking of Top 100 Companies in Sustainability 2022, in an independent assessment carried out by the ‘Sustainability’ magazine which is an established international publication. Aitken Spence is the only Sri Lankan company to have been included in this ranking of global industry leaders such as Nissan, Lenovo, Novo Nordisk, Accenture, McKinsey & Company, Microsoft, PWC, Ernst & Young and KPMG to name a few with Schneider Electric taking the highest position in the ranking. The DPD Group, who operates in Sri Lanka with Aitken Spence as its network partner, is also listed in this ranking.
The ‘Sustainability’ magazine is a trusted, leading voice on sustainability with a global platform, with a targeted audience of global executives. It is a digital community for the global sustainability space that connects the world’s largest sustainability brands and their most senior executives with the latest trends, industry insight, and influential projects as the world embraces technology and digital transformation. This is a matter of pride for Aitken Spence as well as the private sector in Sri Lanka for illustrating leadership in sustainability.
Commenting on this recognition, Dr. Parakrama Dissanayaka – Deputy Chairman & Managing Director of Aitken Spence PLC said “At Aitken Spence, we manage the triple bottom line by controlling the fourth P – the processes we use to run our operations. This recognition is an appreciation to every single Spensonian who has passionately embraced the Group’s commitments to sustainability. It is their effort coupled with the unwavering support of the senior management of the company that has put our sustainability strategy on the global map. It is what kept us going as we worked through some of the toughest times, we have faced in the last couple of years without compromising on our commitments to sustainability. We are truly humbled by this recognition at a global platform.”
Aitken Spence took an integrated, systemic approach to sustainability more than a decade ago, well ahead of their peers. The company focused on institutionalising policies and procedures to ensure social and environmental governance and sustainability. The company’s comprehensive policy framework was developed in-house by the Group’s core sustainability team taking in the nature and scale of environmental and social impacts, stakeholder needs, lessons learnt, and experience gained across the Group’s diversified operations in 8 different countries. Despite the challenges of diversified operations with a plethora of diverse priorities, this policy ensured replicability across all their operations with its unique framework. It is no surprise that this policy framework has been classified as ‘Best in Class for Policy Coverage’ in local indices for corporate accountability as well. Aitken Spence is also the only company in Sri Lanka to have been ranked among the Top Ten Best Corporate Citizens of Sri Lanka by the Ceylon Chamber of Commerce for an unparalleled 16 consecutive years, showing their consistent commitment to create sustainable value.
Aitken Spence is credited for introducing LEED (Leadership in Energy and Environmental Design) certified architecture to the hospitality industry with Heritance Kandalama, the world’s first LEED certified hotel. More recently, the company introduced LEED architecture to the Maldives with Heritance Aarah. The company also owns and operates the first LEED certified, carbon neutral, green printing facility in South Asia which connects global brands to local printing and packaging solutions. Aitken Spence also marks 1 year since they launched Sri Lanka’s first waste to energy power plant amidst a global pandemic. This year, Aitken Spence will mark 20 years as one of the first signatories to the United Nations Global Compact in Sri Lanka. An active member of its steering committee, the company also leads the Working Group on Human Rights at the Workplace while participating in the Working Groups on Gender and Climate Action. Aitken Spence was also one of the first companies in the world to become signatory to the Women’s Empowerment Principles.
Business
Shark and Ray Karawala
When we buy shark dry fish (Mora Karawala), do we really know what species we are consuming? What if endangered sharks are hiding in our meal? Most consumers are unaware.
In Sri Lanka, dried fish is more than food; it is a flavour, a tradition and a way of life. Affordable, long-lasting, and rich in taste, it has become a staple across the island, mainly in rural communities, the dry zone, and hill country. While most fish are eaten fresh, about 14% of the catch is preserved through age-old methods, such as salting, sun drying, smoking and fermentation. Whether served as a main dish (Karawala) or as a flavourful condiment (Umbalakada), dried fish has secured a special place on Sri Lankan plates.
Today, nearly two-thirds of the demand for dry fish is met locally, with dried sharks being the most common and popular in markets. And many people believe that milk sharks are particularly nutritious for lactating mothers.
Typically, part of the excess fish supply in peak seasons, fish arrive late from multiday fishing boats, fish from the bottom of nets, fish that are susceptible to quick spoilage or have low market appeal, are used to produce dry fish rather than letting this resource go to waste. In many coastal villages, drying fish is carried out at the fishing “waadi” (fishing villages/houses) level, often led by women as a means of earning supplementary income.
- Salting (not an elasmobranch
- Cutting rays into pieces prior to salting
But this comes with a cost. Sharks and Rays are slow-growing, late maturing and producing only a few young cannot keep up with rising demand. Sharks and Rays are captured by large-scale artisanal fisheries and often retained as bycatch. Mainly exploited for their meat and other derivatives, including gill plates, fins, and skins. Overfishing has pushed their populations into serious decline.
In Sri Lanka, over 60–70% of shark and ray species are threatened with extinction according to the IUCN Red List, with many others listed as Data Deficient — meaning their true status may be even worse. Only a handful of species might be considered less at risk, but even those assessments are uncertain.
Once dried, it becomes nearly impossible to identify which species are being sold. Drying removes distinguishing features, making it impossible to verify the species or ensure sustainability. Labelling is virtually non-existent, and consumers have no reliable way to tell which species they are purchasing.
This means endangered sharks are likely ending up on plates across the country — without anyone realising it. Given the high proportion of threatened species and the lack of transparency, the safest and most responsible choice is to avoid all shark-based dried fish entirely.
By choosing alternative dried fish products made from more sustainable species, we can protect Sri Lanka’s marine biodiversity and ensure that our cultural traditions remain part of a future where sharks still swim in our oceans.
About the Author:
Apsara Rupasinghe, a zoologist with a BSc (Hons) Degree in Zoology, is pursuing MPhil research on shark and ray genetics at BRT-FiPo, with a background in conservation genetics and population genetics. Her work involves combining genetics and conservation to improve species identification and protect endangered elasmobranch species. Apsara pays special attention to the dry fish industry in Sri Lanka as part of her research.
by Apsara Rupasinghe
(Researcher, Fisheries and Policy Programme, Blue Resources Trust)
Business
SPAR Sri Lanka opens first Kandy outlet, redefining modern retail in hill capital
SPAR Sri Lanka marked a significant milestone with the opening of its 12th outlet—its first in the historic city of Kandy and only the second outside the Western Province. Established in 2018 as a joint venture between SPAR South Africa Group and Ceylon Biscuits Limited, SPAR Sri Lanka combines global expertise with strong local roots.
Speaking at the launch, CEO of SPAR Sri Lanka highlighted the cultural and commercial significance of Kandy, noting that the brand’s aim is “not just to open a store, but to serve the community in a meaningful and relevant way.”
The Kandy outlet offers over 6,200 products, with nearly 3,900 locally sourced, supporting farmers, producers, and SMEs, while the remaining range includes imported SPAR international brands. Innovative features such as a dedicated pet care section, TOPs liquor store, pharmacy, and banking facilities create a one-stop lifestyle destination.
SPAR Sri Lanka is also fostering youth employment and professional development, providing structured training programs to equip staff with globally recognised retail skills. The store has created over 50 jobs in the region and supports local suppliers in meeting international standards, opening doors for broader market access.
With its SPAR2U online platform and SPAR Rewards app, customers can enjoy convenience and value, while the company’s ecosystem approach supports retailers, suppliers, and communities alike. The brand’s next expansion is scheduled in Kurunegala, underscoring SPAR Sri Lanka’s vision of reshaping retail while uplifting local economies.
Text and Pic By S.K Samaranayake
Business
Sri Lanka Insurance Life Honoured at Great Managers Awards, Becoming First SOE to Achieve this Recognition
Sri Lanka Insurance Life (SLIC Life) was recognised at the prestigious ‘Great Managers Awards 2025’, held on 26th March 2026 at Cinnamon Grand, Colombo, marking a significant milestone as the first State-Owned Enterprise (SOE) to receive this recognition.
Organised by CLA Coaching in collaboration with the Colombo Leadership Academy, the awards recognise organisations and individuals who demonstrate excellence in leadership and managerial effectiveness, benchmarked against global best practices through a rigorous evaluation process.
Sri Lanka Insurance Life was recognised under the category of ‘Companies with Great Managers’, reflecting its commitment to nurturing leadership talent and building a culture that supports sustainable performance and people development.
Several SLIC Life team members were also honoured across multiple categories, highlighting the depth of leadership within the organisation. Duminda Pieris, Assistant General Manager/Zonal Head, was recognised for Driving Results and Execution Excellence, while Chaminda Athauda, Deputy General Manager – Life, received recognition for Aligning Organisational Vision. Jagath Welgama, Deputy General Manager – National Sales, and Manjula Darmaprema Branch Manager – Pilimathalawa were acknowledged for Building Team Effectiveness and Collaboration. Amali Gomez, Manager – Corporate & Marketing Communications, was recognised for Integrality and Holistic Approach. Ruchira Edirisinghe, Brand Manager, and Uththara Kapugamage, Manager – Employee Engagement, were both recognised as Great Millennial Managers.
Commenting on the achievement, Nalin Subasinghe Chief Executive Officer of Sri Lanka Insurance Life stated: “We are truly humbled and honoured to be recognised at the Great Managers Awards 2025, especially as the first State-Owned Enterprise to receive this accolade. This achievement is a testament to the strength, dedication, and professionalism of our team, who continue to demonstrate exceptional leadership across all levels of the organisation. We take great pride in this collective success.” He further added, “We also commend this initiative for its role in encouraging organisations to nurture and develop future leaders. Platforms such as these are vital in shaping strong leadership cultures that drive sustainable business success and industry-wide progress.”
This recognition underscores Sri Lanka Insurance Life’s ongoing commitment to developing its people, strengthening leadership capabilities, and fostering a high-performance culture that contributes to long-term organisational success.
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