SECTOR WINNER PACKAGING

Packages Lanka, a trusted leader in flexible packaging solutions, is committed to quality with a reputation built on excellence over two decades. Backed by leading conglomerates and co-founded by well-respected businessmen in Sri Lanka, it has a global footprint with manufacturing facilities in Pakistan, Canada, South Africa and the UAE. The organisation maintains a presence in various markets including strong partnerships with key strategic players across the globe. With an emphasis on customer satisfaction, Packages Lanka invests in advanced technology and employs a skilled workforce to ensure operational excellence.

Q: Are local corporates doing enough to earn the respect of stakeholders?

A: Sri Lankan corporates are earning stakeholder respect by adopting strong governance practices, ensuring transparency and accountability, and engaging in strategic CSR initiatives that focus on education, healthcare and community development.

They aim to address environmental concerns through green practices, maintain high ethical standards to build trust and actively engage with stakeholders in decision-making processes.

Companies aim to demonstrate resilience and innovation in challenges, and prioritise workplace excellence by providing positive work environments and opportunities for employee development.

Q: How should corporates instil environmental, social and corporate governance (ESG) practices to contribute to corporate respect?

A: To develop a stringent ESG strategy, they must conduct thorough assessments of current practices, set measurable ESG goals aligned with global standards and integrate these objectives into a core business strategy.

Strengthening corporate governance involves establishing a dedicated ESG committee on the board for oversight, developing robust governance policies and regularly disclosing ESG performance through various reports.

Enhancing environmental stewardship requires implementing sustainable practices such as energy efficiency and waste reduction, investing in clean technologies and renewable energy, and adopting international standards for systematic environmental management.

Q: How do employees play a role in corporate respect?

A: Employees are crucial to earning and maintaining corporate respect, and serve as brand ambassadors, ensuring high quality products and services, and fostering innovation. Their ethical conduct and adherence to company values build trust while exceptional customer interactions enhance reputation.

Employees’ participation in CSR initiatives and environmental stewardship reflects the company’s social responsibility. A positive workplace culture, driven by diversity and inclusion, boosts job satisfaction and retention.

Continuous improvement through feedback and adaptability keeps entities competitive, and effective internal communication and collaboration enhance overall success.

Q: And how important are stakeholder perceptions in the context of corporate respect and admiration?

A: Stakeholder perceptions are crucial for corporate respect and admiration because they build trust and credibility, enhance reputation management, and promote customer loyalty and advocacy.

Positive perceptions attract talent, boost employee morale and increase investor confidence, leading to better stock performance and access to capital. Strong community relations and a social licence to operate ensure smoother operations while competitive advantages and favourable regulatory relations support success.

A company’s image earns respect and admiration from stakeholders through key attributes such as trustworthiness, demonstrated by reliability and integrity in operations. Quality is upheld through excellence and innovation, in terms of products and services.

Outstanding customer service and happiness are key components of customer-centricity, and employee welfare is prioritised with a supportive work environment and growth possibilities.

A positive reputation promotes long-term success and sustainability. It is cultivated by financial performance, stability and growth, strong leadership with strategic vision, adaptability, fairness and equality, effective governance, social impact, transparency, brand consistency and ethical supply chain management.

QUICK-FIRE ROUND

Three vital ingredients that earn corporate respect

Ethical conduct and integrity
Commitment to sustainability and CSR
Quality and innovation

Three global organisations that you respect  

Nestlé
Unilever
Fonterra

Packages Lanka exemplifies how a company can earn respect and admiration from stakeholders by commitment to governance, sustainability and community engagement. Upholding transparency, fostering innovation and nurturing a supportive workplace culture, it delivers exceptional products and services, contributing to societal and environmental wellbeing.

Telephone 0778 276256 | Email sales@packages.lk | Website www.packages.lk