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Top SL business leaders panelist at UN Global Compact Summit 2021

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Sri Lanka co-hosts three sessions

More than 20,000 leaders from business, government, the UN, and civil society will gather for the UN’s largest corporate sustainability event to elevate ambition for strategic collective action to get back on track after the pandemic and rebuild a just, equitable and resilient society.

The United Nations Global Compact Leaders Summit on 15-16 June will convene Heads of State, CEOs of major corporations and UN leaders to address the converging global crises of climate change, the Covid-19 global pandemic, worsening social and economic inequality and unchecked corruption in order to offer a roadmap for a sustainable recovery.

Confirmed speakers include the President of Singapore, H.E. Halimah Yacob; Prime Minister of Jamaica, H.E. Andrew Holness, Prime Minister of the Republic of Korea, H.E. Kim Boo-kyum; UN Secretary-General António Guterres; UN Deputy Secretary-General Amina J. Mohammed; President of COP26, Alok Sharma; the UK’s High-Level Climate Champion Nigel Topping; Inger Andersen, Executive Director, UNEP; Michelle Bachelet, UN High Commissioner for Human Rights; Sharan Burrow, Secretary General of the International Trade Union Confederation and Sanda Ojiambo, CEO & Executive Director of the UN Global Compact.

 

Over 26 hours of continuous virtual programming, speakers and guests from 69 Global Compact Local Networks will discuss responsible business practices through the lens of pressing issues such as the state of sustainability; credible climate action; tackling corruption through collective action; decent work and ensuring living wages; accelerating women’s leadership and bringing innovative sustainable investment instruments to market.

The UN Global Compact Network Sri Lanka will be co-hosting three sessions. The first session, Network Sri Lanka has joined forces with Networks Mexico, United Kingdom and Turkey to host the “Responsible Business: Diversity & Inclusion in the Workplace” on the 15th June 2021 at 10.45pm to 11.30pm (IST) featuring Ms. Sharmila Sherikar, Senior Vice President – Talent Management Head – Americas Business, Virtusa.

Additionally, the second session, Network Sri Lanka will host the session titled “Sustainable Manufacturing for an Equitable Future” at the Virtual Leaders Summit, on the 16th of June 2021 from 8.15am to 9.00am (IST). Sri Lanka, as one of the fastest growing markets in the world, possesses abundant opportunities and fascinating approaches to cross-cutting the Sustainable Development Goals. Sustainable Manufacturing seeks to replace an unsustainable economic development model with socially and environmentally responsible practices that consume minimal resources. Sustainable Manufacturing involves total life-cycle considerations when developing products which are both economically sound and socially beneficial.

The panelists for the Sri Lanka Network session are Dilhan Fernando – CEO of Dilmah Tea and Chairman of the UN Global Compact Network Sri Lanka, Hajar Alafifi – Chairperson and Managing Director, Unilever Sri Lanka, Dr. Rohan Fernando – Managing Director, Aitken Spence Plantations Managements PLC and Executive Director, Aitken Spence PLC, Shakthi Ranatunga – Chief Operations Officer, MAS Holdings; Rajitha Kariyawasam – Managing Director, Haycarb PLC & Eco Solutions and Deputy Chairman, Dipped Products PLC (Hayleys Group)

Furthermore, for the third session, Network Sri Lanka has partnered with Networks Bangladesh, Nepal and Pakistan to host “Towards Economic Prosperity: Perspectives from South Asia” on the 16th June 2021 at 9.30am to 10.30am featuring Mr. Krishan Balendra, Chairman – John Keells Holdings

Other high-level Summit speakers include comedian and producer Larry Whitmore; Manish Bapta, Interim President and CEO, World Resources Institute; Can Çaka, CEO, Anadolu Efes; Li Zhenguo, Founder & President, LONGi Green Energy Technology Co; Marjorie Yang, Chairman and CEO, Esquel Group; Victoria Yarmoshchuku, CEO and Darren Walker, President of the Ford Foundation.

Please register online for the sessions via https://shor.by/chTn

 

 



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EU’s new anti-greenwashing rules pose major challenge for Sri Lankan exporters

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This new directive applies to businesses across multiple sectors, of any size, that export products or services to the EU market.

Countdown to September 2026 begins

Sri Lankan exporters selling into Europe may soon face one of the most significant regulatory shifts in recent years as the European Union prepares to enforce sweeping new rules aimed at eliminating ‘misleading’ environmental and sustainability claims.

The regulation, known as the Empowering Consumers for the Green Transition Directive (EmpCo) – Directive (EU) 2024/825, will become fully enforceable across all EU member states from September 27, 2026. While the directive is primarily designed to protect European consumers from so-called ‘greenwashing,’ and it carries important implications for exporters worldwide, including those in Sri Lanka.

Compliance experts warn that many local businesses remain largely unaware of the new requirements despite their potential impact on market access, brand reputation, and regulatory compliance.

The directive introduces a simple but demanding principle: companies must be able to substantiate environmental and sustainability claims with credible evidence. Generic descriptions such as ‘eco-friendly,’ ‘green,’ ‘sustainable,’ ‘responsible,’ ‘carbon neutral,’ or ‘climate friendly’ may no longer be used freely unless they can be verified through reliable data and supporting documentation.

For Sri Lankan exporters, this represents a significant shift. Sustainability claims increasingly appear on product packaging, websites, social media campaigns, annual reports, tourism marketing materials, and corporate communications. Under the new framework, such claims could face scrutiny from regulators, consumers, retailers, and civil society groups.

The directive also places particular emphasis on future environmental commitments. Claims such as ‘Net Zero by 2040’ or ‘Carbon Neutral by 2030’ may require businesses to demonstrate clear implementation plans, measurable milestones, and systems for monitoring progress rather than relying on aspirational statements alone.

An environmental compliance expert told The Island Financial Review that this transforms sustainability from a communications exercise into a governance issue. “Responsibility will no longer rest solely with sustainability departments. Company directors, senior executives, marketing teams, procurement professionals, and compliance officers will all have roles to play in ensuring that public claims can withstand regulatory scrutiny. The potential costs of non-compliance are considerable. Under the directive, penalties may include fines of up to four percent of annual turnover generated within the relevant EU member state, restrictions on marketing activities, increased regulatory investigations, and challenges from consumer organisations and commercial partners.”

“The reputational consequences may prove even more damaging. In highly competitive export markets, trust has become a critical business asset. Companies found to be making unsubstantiated environmental claims could face long-term damage to relationships with buyers, retailers, and consumers.”

“The timing is particularly important for Sri Lankan businesses because compliance preparations, reporting frameworks and adjustments are needed before the enforcement date arrives.”

“Businesses supplying European markets are therefore being encouraged to begin assessing their exposure now rather than waiting until the last minute. Early preparation could help exporters safeguard market access, maintain buyer confidence, and strengthen their competitive position in an increasingly sustainability-conscious global economy.”

“For Sri Lanka’s export sector, the message from Europe is becoming increasingly clear: sustainability claims will no longer be judged by how compelling they sound, but by how convincingly they can be proven,” he said.

As the countdown to September 2026 begins, exporters may need to ask themselves a critical question: Are their sustainability claims ready for a new era of accountability?

By Sanath Nanayakkare

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University of West London opens Sri Lanka’s first full UK university branch campus

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The official signing ceremony between the University of West London, UK and ANC Education.

The University of West London (UWL) has formally opened the University of West London Sri Lanka Branch Campus, the country’s first full UK university branch campus, marking a landmark development in Sri Lanka’s higher education sector.

The University of West London Sri Lanka Branch Campus is designed to bring a UK university learning experience closer to students in Sri Lanka. The campus is operated by ANC Campus, a pioneer in the higher education sector in Sri Lanka with over two decades of experience in delivering internationally recognised education.

The University of West London Sri Lanka Branch Campus gives students the opportunity to study towards world-class UK degrees while remaining close to home. Academic delivery, assessment and quality assurance will be aligned with University of West London standards, with the University maintaining academic oversight of its courses and awards. Students will have access to UWL-approved programmes, academic support, learning resources and a campus environment designed to promote academic success, confidence and employability.

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Xiaomi Store powered by Abans opens at One Galle Face Mall

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Xiaomi Sri Lanka, marked a significant day in the brand’s local journey with the launch of the all-new Xiaomi 17T and the grand opening of the new Xiaomi Store powered by Abans at One Galle Face Mall, Lower Ground.

This occasion reflects the brand’s growing presence in the country and its commitment to bringing smarter technology, connected devices and immersive customer experiences closer to Sri Lankan consumers.

Held under the theme “Step into a smarter world with Xiaomi,” the launch event welcomed media, partners, technology enthusiasts and customers to experience Xiaomi’s latest innovation and wider smart ecosystem. The new store at One Galle Face Mall powered by Abans has been designed to give customers a hands-on experience across Xiaomi smartphones, smart home products, lifestyle technology and connected devices, supported by Abans’ strong retail presence and customer service network.

Commenting on the milestone, Kain Wang, Country Head, Xiaomi Sri Lanka, said, “17th June is a significant day for Xiaomi in Sri Lanka as we celebrate two important milestones together: the launch of the Xiaomi 17T and the opening of our new Xiaomi Store powered by Abans at One Galle Face Mall. This reflects the strength of Xiaomi’s journey in Sri Lanka and our continued commitment to offering innovation, performance and smarter lifestyle experiences to local consumers. With Xiaomi 17T, we are bringing advanced Leica imaging, powerful performance and long-lasting battery life to users who want to do more with their smartphones. At the same time, our new store creates a dedicated space for customers to experience the Xiaomi ecosystem in a more personal and engaging way.”

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