Sustainability Reporting in Sri Lanka 2023

This document is a sustainability report focusing on the state of sustainability reporting in Sri Lanka for the year 2023. It outlines the increasing momentum of sustainability reporting among corporates, driven by various factors such as foreign investment and customer pressure. The report highlights the role of the Global Reporting Initiative (GRI) Standards in guiding companies through their sustainability journeys, emphasizing the importance of these standards in shaping corporate practices. The survey methodology is detailed, focusing on companies listed on the Colombo Stock Exchange and their reporting practices for the financial years ending in December 2022 and March 2023. The document presents findings on the adoption of GRI standards, the challenges faced by companies, and the regulatory environment encouraging sustainability reporting. It also notes the increasing number of sustainability reports and the involvement of professional accounting bodies in promoting best practices. The report serves as a reference for measuring progress in sustainability reporting and supporting the development of capital markets in Sri Lanka.