The Colombo Stock Exchange (CSE) has successfully concluded the second stage of its large-scale reforestation initiative in collaboration with the non-profit “Rainforest Protectors of Sri Lanka,” with the final phase contributing to a total planting target of 4,000 saplings in the Rajawaka rainforest.
The initiative, launched in November to mark CSE’s 40th anniversary, saw members of the Exchange plant the first 200 saplings of the second stage last week, completing a broader CSR programme themed “Let’s Celebrate 40 years with 4,000 Trees.”
Implemented under the WANAROPA programme and aligned with the global Bonn Challenge, the project supports Sri Lanka’s commitment to restoring degraded forest landscapes across 200,000 hectares of land.
The Rajawaka rainforest, located between the wet and intermediate climatic zones, is known for its rich biodiversity, including elephants, leopards, bee colonies, and a wide range of endemic flora and fauna.
The reforestation effort aims to expand forest cover, restore ecological balance, and strengthen climate resilience through improved carbon absorption, biodiversity protection, and water security for surrounding communities.
The programme also includes community engagement components focused on environmental education, forest fire prevention, and awareness on habitat conservation.
Beyond its environmental initiative, the CSE continues to advance sustainability within Sri Lanka’s capital market ecosystem. It is part of the global Sustainable Development Stock Exchange initiative and works closely with GRI South Asia to promote sustainability reporting among listed companies.
In line with evolving regulatory frameworks, the top 100 listed companies by market capitalisation are required to adopt SLFRS S1 and S2 sustainability disclosure standards from the 2025 financial year.
The CSE has also introduced guidance on sustainability communication and expanded frameworks for green, social, sustainability, and sustainability-linked (GSS+) bonds.
Between 2024 and 2026, listed companies issued 11 such debentures—including green, blue, social, and sustainable bonds—raising over LKR 82 billion, reflecting growing momentum in sustainable finance in Sri Lanka.