What is it about?
This study explores the environmental activities and social engagements of a sample from the largest 200 companies listed on the Colombo Stock Exchange. The purpose is to provide an understanding of the nature of CSR practices in a developing country.
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Why is it important?
The findings indicate that environmental practices are not widespread in the Sri Lankan corporate sector. It appears that environmental consequences are not taken into account in formulating business strategies, especially by local companies. This finding may be of interest to the corporate sector, the Sri Lankan environmental authority, non-governmental organisations, the Sri Lankan Government and academics.
Perspectives
Overall, the uptake of environmental practices is disappointing, but business engagement in socially related activities is more pleasing. The predominance of social activity is quite evident throughout the analysis of responses. Interestingly, Sri Lankan-owned companies and local scale companies are much more linked with their society than the companies with international connections are. This may be because of contextual influences such as cultural, religious, political, employees’ wishes and the personal values of management.
Dr Susith Fernando
Toi Ohomai Institute of Technology
Read the Original
This page is a summary of: CSR practices in Sri Lanka: an exploratory analysis, Social Responsibility Journal, October 2015, Emerald,
DOI: 10.1108/srj-08-2013-0101.
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