COLOMBO (EconomyNext) –Merrill J. Fernando, founder of Dilmah, one of Sri Lanka’s best known tea brands, is to receive the 2015 Business for Peace award in Oslo.
He will be one the five recipients of the award of the Oslo-based Business for Peace Foundation and was nominated by the Ceylon Chamber of Commerce through the International Chamber of Commerce.
The Oslo Business for Peace Award is an annual event and recognizes exceptional global business leaders who promote socially responsible and ethical business practices in an outstanding way and standing out as examples, a statement said.
Recipients are selected by an independent committee of Nobel Prize winners in peace and in economics, after a global nomination process through the International Chamber of Commerce, UN Global Compact and UNDP.
Fernando, who started his career as a tea taster, established his own tea brand ‘Dilmah’ in 1988.
Dilmah’s single estate-origin, unblended teas are now sold in nearly 100 countries.
“Fernando is known for sharing the earnings from his business with his staff and workers,” the statement said.
A minimum 10 percent of the preâ€tax profit is used to fund the work of his MJF Charitable Foundation, which emphasizes the empowerment of differently able and under-privileged people in their communities.
Among the five business leaders chosen for the award are Paul Polman of United Kingdom, the CEO of Unilever, Poman Lo, a Hong Kong-based businesswoman and Group Managing Director of Regal Hotels International and Juan Andrés Cano, CEO of Semilla, an ethics consultancy, and Value4Chain firm.