Home / Other Sectors/ UN Global Compact Sri Lanka renews pledge to support growth of responsible Sri Lankan businesses

UN Global Compact Sri Lanka renews pledge to support growth of responsible Sri Lankan businesses


Comments / {{hitsCtrl.values.hits}} Views / Thursday, 25 October 2018 00:00

Facebook

The United Nations Global Compact Network Sri Lanka is the local chapter of the world’s largest corporate sustainability initiative. Earlier this year, it welcomed Dilhan C. Fernando CEO of Dilmah as Chairman and Azam Bakeer-Markar, Assistant Vice President Business Development and Head of Sustainability, Aitken Spence as Representative/CEO taking over from Dr. Rohan Fernando and Sutheash Balasubramaniam respectively. Together with a renewed Board of Directors, they reaffirmed their commitment to ensuring Sri Lanka’s business sector develops in a sustainable manner.  

The Board of Directors comprises of CEOs and other leaders from a range of industries including:  Supun Weerasinghe of Dialog, Darshi Talpahewa of Hayleys, Shakthi Ranatunga of MAS, Sumeet Verma of Unilever Sri Lanka and Denver De Zylva of Virtusa. They join Ravi Fernando of INSEAD and Rathika De Silva of DNV who were part of the original Board and Jorn Sorensen, Country Director of UNDP as an ex officio member. Established in 2006 and incorporated in 2011, the local chapter includes a total of 40 Sri Lankan companies; and join over 9,500 companies in this inter sectoral and international global movement.  

Members follow Ten Guiding Principles aimed at connecting business practices with labour and human rights, the environment and anti-corruption. It further resolves to engage business to support the meeting of the 2030 Sustainable Development Goals agenda. Although adhering to the UN Global Compact is voluntary, the principles ensure that any organisation signing up for membership operate on a fundamental understanding of sustainability and uphold its values. 

“The voluntary nature of the UN Global Compact raises the bar for all Companies in Sri Lanka to self-monitor, although it might be perceived as a tick box exercise, it challenges companies and their leaders to subscribe to a different way of doing business, said Dilhan C. Fernando, Chairman UNGC Network Sri Lanka. 

“Business as a force for good that does no harm to the societal and environmental fabric of Sri Lanka has more opportunity versus a downside. The Companies within the UNGC SL Board, Steering Committee and Members already realise the value of this; we are keen on sharing this with others including small and medium enterprises so that they may gain the knowledge, tools and best practices and are able to benefit from it,” he concluded. 

Over the past few months Dilmah, MAS Holdings and Unilever have supported forums, workshops and meetings to inform, collaborate and align to the guiding principles. An additional workshop was held for members on Communicating on Progress on 12 October from 3-5 p.m. at the Ceylon Chamber of Commerce at Navam Mawatha. Finally, a national and regional forum ‘Making Global Goals Local’ is planned for the 1st quarter of 2019. 


Share This Article

Facebook Twitter


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Trendvertising: The new world of communication in a hashtag world

Tuesday, 20 August 2019

Rahul Bose, an Indian actor, caught a lot of attention for a video post that went viral, where he complained about the price of bananas during his stay at a five-star hotel in Mumbai. As he explained in his story – he went to the gym at his hotel w


Company Law intertwined with Income Tax – Understanding the nexus! Part II

Tuesday, 20 August 2019

A comparison and analysing the impact of corresponding provisions of Companies Act No. 7 of 2007 and Inland Revenue Act No. 24 of 2017 reveals invaluable insights corporate management must be aware of in day-to-day management activities as well as st


Will ‘10 February’ be repeated?

Tuesday, 20 August 2019

Whilst Sri Lanka is in election mode, the thought crossing every Sri Lankans mind is, ‘Will the 10 February 2018 elections behaviour be repeated?’ given the head-start that ‘Brand Gota’ has got. Whilst many are speculating who will be the fig


Shanta Devarajan: Economist who cannot get disconnected from his motherland

Monday, 19 August 2019

For me, Shanta Devarajan, formerly the Acting Chief Economist of the World Bank Group succeeding the Nobel Laureate Paul Romer and presently Professor at Georgetown University, USA, was a legend by himself. When I met him in early part of the new mil


Columnists More

Special Report

SPECIAL REPORT MORE