Sustainable growth remains top priority for CBL Group

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The CBL Group was awarded second runner-up at the Best Corporate Citizen Sustainability Awards 2021 in recognition for its continued commitment to driving meaningful growth across its value chain. The awards, organized by the Ceylon Chamber of Commerce for the 18th consecutive year, are the result of a rigorous evaluation process of demonstrated commitment to sustainable business growth and national development.

As one of Sri Lanka’s leading food conglomerates CBL plays a key role in the growth and stability of the industry and its value chain. Ensuring that stakeholder communities from farm to table grow sustainably to face the risks of the future and partner CBL’s growth, is crucial to the continued success of CBL and its brands Munchee, Ritzbury, Revello, Tiara, Samaposha, Nutriline, Lankasoy and Sera.

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Despite the challenges of the pandemic, the Group has achieved remarkable growth in its business and for its brands. In the last financial year, CBL recorded a 31% increase in Group turnover and expanded export presence amidst crippling logistical obstacles to cover 08 new countries and achieve 17% export turnover growth.

Group Managing Director Shea Wickramasingha says “Our growth is partnered by our stakeholders across the CBL value chain and during the pandemic, CBL had a large role to play in ensuring that these stakeholders had stable livelihoods and continued access to growth opportunities. Our products touch every Sri Lankan home and consumers in over 60+ countries worldwide. CBL Teams have taken extraordinary measures to ensure that we consistently fulfil our responsibilities to all our consumers and stakeholders, even in the face of really difficult challenges.”

The Best Corporate Citizen Sustainability Award recognized CBL’s commitment to ethical and sustainable business practices and CBL Group placed in the Top 10 Best Corporate Citizens Sustainability 2021, Winner of the Manufacturing sector and Best Presented Application. The esteemed panel of judges evaluated applications from the nation’s leading listed and unlisted companies on environmental commitment and integration, people practices, customer relations, community relations, governance and economic performance. This year, the criteria also included emergency preparedness and resilience in the face of pandemic challenges.

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