As the world faces accelerating climate change, dwindling resources, and increasing social expectations, traditional business models are quickly becoming obsolete. Sustainability is no longer just an ethical choice—it’s essential for long-term success and resilience of the business environment. Today’s forward-thinking businesses understand that responsible resource management isn’t just about survival; it’s about thriving in a future where environmental and social risks will shape the market. While many global companies have made strides by setting sustainability goals and improving supply chains, the urgency of the climate crisis shows that progress must be faster and more impactful. Now, sustainability isn’t just a trend—it’s the new standard for global competitiveness and innovation.
With Sri Lanka’s natural resources under increasing pressure, businesses have a huge role to play in preserving the island’s stunning biodiversity. While traditionally seen as the responsibility of governments and NGOs, protecting our environment is no longer a side issue for companies—it’s becoming essential for the long-term success of local enterprises. Established
Established in 2012 by the Ceylon Chamber of Commerce as the Sri Lanka Business and Biodiversity Platform, and then incorporated as Biodiversity Sri Lanka, BSL is a unique private-sector-driven network that provides the perfect opportunity for Sri Lankan companies to step up, make a difference, and be recognised as sustainability leaders.
Biodiversity in Sri Lanka
Sri Lanka ranks among the world’s top biodiversity hotspots, boasting over 3,000 species of flowering plants, 250 species of birds, and nearly 125 species of mammals. However, more than 33% of its plant species and half of its amphibians are endemic, meaning they exist nowhere else on earth. Alarming trends show that deforestation, climate change, and human activity are placing this precious biodiversity at risk. The private sector in Sri Lanka, as a major economic driver, holds the key to reversing these trends.
Despite efforts from the government and non-profits, Sri Lanka loses around 8,000 hectares of forests each year according to estimates published by the UN-REDD Programme in 2017. While one in every four species is considered threatened in Sri Lanka, private sector companies, large and small, can change this by actively participating in conservation efforts and adopting sustainable practices.
Boosting your CSR Impact
Consumers and investors are now evaluating companies not just on profits but on their contribution to social and environmental good. According to a recent Deloitte survey, 58% of consumers now actively seek companies that align with their values, including sustainability. Biodiversity Sri Lanka offers a platform where businesses can channel their Corporate Social Responsibility (CSR) efforts into impactful biodiversity projects, such as the ongoing Life to Our Forests initiative in Kanneliya, which focuses on restoring Sri Lanka’s forests, one of the most biodiverse areas in the country.
Joining Biodiversity Sri Lanka lets your company align with crucial conservation goals while enhancing your CSR footprint. Whether it’s sponsoring tree planting initiatives, protecting mangroves, or financing wildlife conservation, you’ll be directly involved in projects that make a difference.
Enhancing ESG Credentials
The Environmental, Social, and Governance (ESG) criteria are increasingly influencing investment decisions. Studies show that companies with strong ESG practices tend to outperform their peers financially. In fact, firms with higher ESG ratings have 28% higher returns compared to those lagging behind, according to a report by McKinsey & Company. Biodiversity Sri Lanka can help Sri Lankan companies strengthen their ESG credentials by providing a structured approach to biodiversity conservation, complete with measurable impacts and international visibility.
For instance, by participating in Biodiversity Sri Lanka-led initiatives like wetland conservation or agroforestry projects, businesses can showcase tangible contributions to biodiversity in their sustainability reports, appealing to both investors and eco-conscious consumers.
A Global Network of Expertise
Biodiversity Sri Lanka is not just a local initiative—it’s connected to global giants like the International Union for Conservation of Nature (IUCN), the World Business Council for Sustainable Development (WBCSD), and the Global Partnership for Business and Biodiversity (GPBB). These partnerships bring international expertise, funding opportunities, and innovative ideas to Sri Lanka’s biodiversity conservation landscape while focusing on scientific approaches.
When your company joins Biodiversity Sri Lanka, you tap into this wealth of knowledge and collaboration, gaining access to resources and strategies that align with global best practices. Whether it’s sustainable agriculture, waste management, or climate change adaptation, Biodiversity Sri Lanka provides the tools, expertise, and networks to help businesses succeed in sustainability efforts.
Working to Achieve Global Goals
Sri Lanka is a signatory to the Convention on Biological Diversity (CBD) and has committed to achieving the UN Sustainable Development Goals (SDGs). Private sector engagement is critical for achieving these ambitious biodiversity targets, particularly in protecting ecosystems, restoring habitats, and halting species loss. Biodiversity Sri Lanka actively aligns its work with these international frameworks, giving companies an easy entry point to contribute to global biodiversity and sustainability goals.
By joining Biodiversity Sri Lanka, your company will be part of a movement that is driving positive change locally while contributing to global initiatives like the Paris Agreement on Climate Change and the Aichi Biodiversity Targets.
How You Can Join Hands with BSL
Biodiversity Sri Lanka offers flexible opportunities for private sector engagement, recognising that every business has unique capabilities and interests. Here are a few ways for your business to contribute:
Many Biodiversity Sri Lanka members have been involved in supporting on-the-ground conservation work such as reforesting degraded lands, restoring mangrove ecosystems, and protecting wildlife corridors. For example, Biodiversity Sri Lanka’s mangrove restoration project is helping safeguard coastal ecosystems from erosion and climate change impacts.
While understanding the broad benefits of reversing the trend in environmental degradation, most companies are reluctant to begin intervening in natural ecosystem restoration as this requires specialised knowledge and long-term time involvement. BSL has recognised the fact that such businesses need technical support as well as assistance in liasing with government stakeholders. Using many years of experience in facilitating field-based interventions and leveraging on its strong relationship with the public sector in Sri Lanka, BSL has now packaged its field activities to offer the LIFE Series of projects to the private sector. The LIFE Series currently comprises of five pathways for corporate involvement in nature-positive environmental interventions at a national level:
- Life to Our Forests (LOF) – Restoration of a degraded fern land in the Kanneliya Forest Reserve in collaboration with the Forest Department and IUCN with the objective of creating a legacy of conservation for generations to come by preserving the biodiversity of Sri Lanka’s rainforests.
- Life to Our Mangroves (LOM) – Restoration of mangrove ecosystems to showcase private sector engagement in achieving national biodiversity conservation and climate action goals. This project promotes Accelerated Natural Regeneration of Mangroves (ANRM) to increase carbon sequestration and boost ecosystem services of degraded mangrove ecosystems in collaboration with Wayamba University and the Department of Wildlife Conservation.
- Life to Our Coral Reefs (LOCR) – This is an initiative of Biodiversity Sri Lanka to showcase private sector commitment to conserve Sri Lanka’s blue resources. In collaboration with the Department of Wildlife Conservation, IUCN and the Blue Resources Trust, the project empowers local communities to adopt sustainable practices that safeguard vital ocean resources.
- Life to Our Beaches (LOB) – By empowering local communities – particularly women – to take care of their beaches as a viable livelihood option, this project provides a pathway for the private sector to protect Sri Lanka’s shores with the support of the Marine Environment Protection Authority (MEPA).
- Life to Our National Parks (LONP) – This is a collaborative initiative of Biodiversity Sri Lanka to showcase private sector engagement in enriching wildlife habitats. The project engages surrounding communities in the removal of Invasive Alien Plant Species (IAPS) in national parks by supporting livelihoods that restore wildlife habitats. This is a collective effort of BSL and the Federation of Environmental Organisations (FEO) together with the Department of Wildlife Conservation.
Biodiversity Sri Lanka encourages businesses to work closely with government agencies and NGOs through the LIFE Series of projects that focus on providing economic benefits to local communities while safeguarding natural ecosystems. This could include supporting rural livelihoods through sustainable farming initiatives, promoting eco-tourism, or funding biodiversity research.
With science and technology constantly evolving to monitor, report, and streamline environmental interventions, Biodiversity Sri Lanka provides capacity-building opportunities for businesses to learn how they can integrate biodiversity conservation into their operational practices. This is organized through the BSL Academy which organises workshops on sustainable agriculture, eco-friendly business models, biodiversity management, sustainability reporting, and so on.
Companies that join Biodiversity Sri Lanka can use their voice to advocate for better environmental policies, aligning with national efforts to strengthen Sri Lanka’s biodiversity laws and protection measures. As a well-respected entity by the Government, BSL has been advocating for more stringent policies to protect and conserve Sri Lanka’s natural resources.
Is Your Organisation Eligible?
Biodiversity Sri Lanka’s membership is open to any company that recognises the need for environmental sustainability and wants to be part of the solution in a pragmatic manner. The platform already includes some of the country’s leading corporates across industries like agriculture, tourism, manufacturing, and finance. Becoming a member of Biodiversity Sri Lanka will provide the ideal platform for driving environmental impact and aligning with both local and global sustainability trends if your business:
- Relies on natural resources (e.g., agriculture, fisheries, forestry)
- Operates in sectors affected by environmental change (e.g., real estate, tourism)
- Has a large environmental footprint (e.g., manufacturing, transportation)
- Sees the potential for nature-based investments (e.g., banking, renewable energy, recycling)
- Seeks to improve its ESG ratings or CSR impact
It is Now Time to Act Together
In 2023, a UN report warned that without urgent action, one million species globally are at risk of extinction due to human activities, including habitat destruction and pollution. Sri Lanka is at a tipping point. Our forests are shrinking, coastal ecosystems are deteriorating, and climate change is intensifying the threats to biodiversity. We’ve already seen alarming declines in species like the Sri Lankan leopard and the purple-faced langur. But there is hope. By committing to biodiversity conservation through platforms like Biodiversity Sri Lanka, your company can be part of the solution. Don’t wait until it’s too late. The time for businesses to act is now. If you are a company operating in Sri Lanka looking to make a lasting difference while also improving your bottom line, joining Biodiversity Sri Lanka is the way forward. Join Biodiversity Sri Lanka today and help protect the natural world that sustains us all. Together, we can ensure that future generations inherit a country as rich in biodiversity as the one we’ve been fortunate enough to enjoy.
