Biodiversity Sri Lanka helps small business comply with conservation measures

ECONOMYNEXT – Biodiversity Sri Lanka has begun working with small and medium enterprises (SMEs) to strengthen knowledge and compliance of environmental and biodiversity conservation measures.

“’Green transformation’ is a significant business opportunity for SMEs as important suppliers of goods and services,” the private sector lobby group, which promotes biodiversity and environmental conservation in the island, said in a statement.

“However, the willingness and capability of SMEs to adopt sustainable practices and seize green business opportunities generally face size-related resource constraints, skill deficit and knowledge limitations.”

Green transformation is a process which gives importance to renewable energy sources and sustainable business practices.

SMEs are an important sector to the Sri Lankan economy, making up 75 percent of the total number of enterprises, providing 45 percent of employment and contributing just over half the national economic output or Gross Domestic Product (GDP).

BSL recently hosted a forum, the first in a series, for SMEs in collaboration with the Ministry of Industry and Commerce and Ceylon Chamber of Commerce.

The aim of the event was to give SMEs an idea of what ‘green transformation’ is, why they should be concerned and how they can achieve sustainability.
(COLOMBO, March 25, 2019-SB)

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