UN Global Compact Network Sri Lanka held CATALYZE 2026: Social on 24 June to mobilize businesses on social sustainability and responsible leadership; participants and partners included Jetwing Symphony PLC, Lighthouse Hotel PLC, Hemas Holdings, Commercial Bank, Sampath Bank and Elpitiya Plantations.
Available evidence finds Sri Lanka's oil palm (≈10,400 ha, established on degraded/marginal low-country land, not via forest conversion) does not inherently cause greater soil degradation or erosion than tea, rubber or coconut when good management and organic-matter recycling are applied.
UN Global Compact Network Sri Lanka held CATALYZE 2026: Social on 24 June with Jetwing Symphony/Lighthouse Hotel PLC Chairman Hiran Cooray as a keynote speaker. Listed partners and patrons included Elpitiya Plantations, Hemas Holdings, Commercial Bank and Sampath Bank.
CMA Sri Lanka launched national Cost Accounting Standards to strengthen costing, control and reporting across large and medium public and private institutions; the standards prioritize sectors including power, telecom, manufacturing, drugs and agricultural/tea exporters to improve efficiency, pricing transparency and competitiveness.
Colombo posted its biggest monthly gain since July 2025, with the ASPI up 7% and the S&P SL20 up 5.1% in April, with average daily turnover of Rs.3.66bn. Yesterday the indices fell (ASPI -0.38% to 22,550) on losses in John Keells, Sampath and Commercial Bank amid net foreign outflows of Rs.75mn.
Watawala Plantations and regional plantation companies are preparing to expand palm oil cultivation if the seven-year ban is lifted after a Plantations Ministry expert committee found no basis for the environmental or health concerns. Industry says private investors had committed about Rs.500m to expand 8,000 ha before the ban.
Colombo Stock Exchange closed lower with the ASPI down 0.38% to 22,549.53 and market turnover at 3.44 billion rupees; capital goods led turnover (984.6 million). Lion Brewery and Watawala Plantations were top positive contributors while Dialog Axiata, John Keells and Commercial Bank were top negatives; Brent rose above $113.
Fuel & Energy PricesConsumer Staples (FMCG)Tea & Plantation Crops
Ada Derana·Mar 24, 2026·Regulatory or legalNegative
The Planters’ Association urged a sustainable electricity tariff framework as the CEB has proposed a 13.6% tariff hike for Q2 2026, warning it would raise production costs for tea and rubber processors and hurt export competitiveness. Plantation companies (eg. Talawakelle) are increasingly investing in solar, mini‑hydro and efficiency measures to reduce grid dependence.
ExportersRenewable EnergyTea & Plantation CropsFuel & Energy Prices
Sri Lanka will host its largest-ever 510 sqm country pavilion at Gulfood 2026, with 61 exporters participating to showcase food and beverage products, including Cargills, Elpitiya Plantations, Ceylon Cold Stores and Renuka Agri Foods.
Sri Lanka will host a 510 sq m Country Pavilion at Gulfood 2026 with 61 exporting companies participating, including Cargills, Ceylon Cold Stores, Renuka Agri Foods and Elpitiya Plantations; the pavilion aims to boost exports of tea, spices, coconut and processed foods to MEASA markets.
Ceylon tea prices fell over two weeks due to buying disruptions from Iran, though High Growns recovered some losses on the second day. Rupee depreciation supported LKR prices and there was demand from markets like Russia and Dubai.
Tea & Plantation CropsRupee & ForexExporters
Ada Derana·Dec 5, 2025·Award or certificationPositive
Elpitiya Plantations PLC was named among the Top 10 Best Corporate Citizens of Sri Lanka at the Best Corporate Citizen Sustainability Awards 2025 and was 1st Runner-Up in Category B (under Rs. 15 billion revenue). The company also won the Category Award for Community Relations and a Merit Certificate for its rainwater-harvesting project.
Tea & Plantation Crops
Daily FT·Nov 25, 2025·Award or certificationPositive
Elpitiya Plantations (ELPL.N0000) held Upcountry (31 Oct) and Low Country (7 Nov) award ceremonies, presenting over 100 awards at each event and recognising more than 400 estate staff. The company said it will continue to support employee development through training and wellbeing initiatives.
Tea & Plantation Crops
Ada Derana·Nov 20, 2025·Award or certificationPositive
Hatton National Bank won the Best Corporate Citizen Sustainability Award 2025 at the Ceylon Chamber of Commerce awards on 19 November. Multiple shortlisted firms were recognised across categories, including Commercial Bank, Hemas, Talawakelle, Elpitiya and Kelani Valley Plantations, Dilmah, Dipped Products, Haycarb, Hayleys, DFCC, Teejay Lanka, Singer and Softlogic Life Insurance.
Hatton National Bank won the 'Best Corporate Citizen Sustainability Award 2025' at the 22nd BCCS Awards. Listed companies from the shortlist recognised at the event include Commercial Bank, Hemas, DFCC (Green Bond project), Talawakelle TE (Category B winner), Elpitiya, Kelani Valley, Dilmah, Dipped Products, Haycarb, Teejay, Hayleys, Nawaloka Hospitals, Singer and Softlogic Life Insurance.
Lanka Coffee Association elected Tharanga Muramudali as its new Chairperson at its 4th AGM; the event and the Sri Lanka Coffee Festival attracted over 1,000 visitors and showcased more than 30 companies.
Exporters
Ada Derana·Nov 10, 2025·Administrative routinePositive
The Lanka Coffee Association held its 4th AGM and elected Tharanga Muramudali as Chair; the LCA also ran the Sri Lanka Coffee Festival (1,000+ visitors), held quality training for producers, and launched a commemorative 200th‑year coffee stamp to boost exports and industry standards.
Exporters
Ada Derana·Nov 3, 2025·Award or certificationPositive
Horana Plantations PLC (part of Hayleys) launched T-SHADE, a Verra-registered shade-tree carbon credit pilot that has restored 55 hectares and planted 7,094 shade trees and aims to scale to 100,000 hectares over a 40-year crediting period.
The Planters’ Association is urging the government to lift the April 2021 ban on oil palm cultivation, saying Sri Lanka has spent over $175m on edible oil imports since 2021 and that sector investments exceeding Rs.23bn were stranded by the ban.
The Planters’ Association says Sri Lanka’s April 2021 ban on oil palm cultivation has forced plantation firms (including Watawala, Namunukula, Elpitiya and Malwatte Valley) into write-offs and contributed to over US$175m in edible oil import costs since 2021.
Colombo Stock Exchange sustained an upward trend as the ASPI rose 0.07% and turnover climbed to Rs. 7.59 billion. The banking sector contributed 38% of turnover, while gains in ACL, Melstacorp, Hayleys and Central Finance and active trading in Sierra Cables and Access Engineering underpinned the session; John Keells weakened.
Multiple plantation companies (Agarapatana, Elpitiya, Talawakelle, Hatton, Watawala, Kegalle, Kelani Valley, Maskeliya, Namunukula, Kahawatte and Balangoda) are running scholarship programs supporting hundreds of students; Elpitiya alone funds 100 university and 80 A/L students at a cost exceeding LKR 12.4m.
Regional Plantation Companies are expanding crop diversification — oil palm now covers about 11,000 ha yielding ~Rs 514,000/ha and saving ~USD 17m in edible oil imports — while RPCs including KVAL, ELPL and KAHA report increased high‑value crop plantings and revenues.
Aitken Spence PLC's annual report won the Silver award (Diversified Holdings) at the 59th TAGS Awards 2024; Aitken Spence Hotel Holdings PLC won Gold (Hotels) and Elpitiya Plantations PLC won Bronze (Plantations). The companies also received certificate recognitions for governance, sustainability and reporting.
TourismTea & Plantation Crops
Daily FT·Dec 23, 2024·Award or certificationPositive
Elpitiya Plantations PLC won the Bronze Award in the Plantations Sector at CA Sri Lanka's TAGS Awards 2024 and was Second Runner-Up at the Best Corporate Citizen Sustainability Awards 2024. It also received recognition for sustainability reporting and its “Grow-to-Grow” bamboo project and is managed by Aitken Spence Plantation Managements PLC.
Tea & Plantation CropsRenewable EnergyTourism
Ada Derana·Dec 18, 2024·Award or certificationPositive
Elpitiya Plantations PLC won Bronze in the Plantations sector at the TAGS Awards 2024 and was 2nd Runner-Up at the Best Corporate Citizen Sustainability Awards 2024. It also received recognition for its “Grow to Grow” bamboo biomass project and is managed by Aitken Spence Plantation Managements.