Companies must adopt ethical corporate strategies
Companies need to adopt a Triple Bottom Line approach in entrenching
universally accepted principles into their business for a more
Sunshine Tea Factory Manager Kumaran
Pereyanan, Aitken Spence PLC Director Dr Rohan Fernando, CEO
Sri Lanka Institute of Nano-technology and UNGC Network Sri
Lanka Focal Point Ravi Fernando, Chairman, Aspirations
Education Ajith Abeysekera, Kelani Valley Plantations CEO
Ravindra Seneviratne at the CEO forum held on the final day
of the program.
United Nation Global Compact (UNGC) Network Sri Lanka Focal Point
Ravi Fernando said companies should be able to embed these 10 principles
into their corporate business strategies by getting the commitment of
their respective CEOs.
He was speaking on “Embedding the Global Compact and Sustainability
into your Organization” at the inaugural training program organized by
UNGC Network Sri Lanka at the CIMA Sri Lanka Auditorium.
The core of the Global Compact is the ten principles that are based
on internally agreed conventions and treaties on human rights, labour
standards, environmental protection and anti-corruption.
The Global Compact aims at making the ten principles an integral part
of business strategy and operation.
Fernando said the key intention of the training program was to
support its local member companies to embed UNGC 10 principles into
their business strategies and create sustainable businesses in an era in
which corporate giants are collapsing due to unsustainable and unethical
Sri Lanka re-launched the UN Global Compact Local Network Sri Lanka (UNGCLN
SL) in January 2007 under the leadership of Ravi Fernando.
The Network was founded with a three pronged strategy which
establishes a cohesive business network together with an academic
network and an advisory network, towards the implementation of Strategic
Corporate Sustainable Initiatives aligned to the UNGC principles, to
impact both environment and society.
Fernando said today it has gained about 31 Group members, which in
turn accounts for over 300 companies, leading corporate giants in
industries such as apparels, textiles, plantations, tourism, finance,
communication, FMCG retail and agro.