Ceylon Chamber of Commerce and Australian MDF Climate Change Adaptation Launch Event Series for Agribusiness Businesses – Adaderana Biz Français
The Ceylon Chamber of Commerce, in collaboration with the Australian Government-funded Market Development Facility (MDF), will organize a series of events titled “The Business Case of Climate Change Adaptation for Agribusiness Companies”, to increase awareness among local agri-food companies of the risks posed by climate change to their business models.
The series launch event, ‘Experience from Industry Leaders’, will take place on Tuesday, August 24 at 9:00 a.m. via Zoom and will bring together a variety of prominent Sri Lankan business leaders who have identified climate change as a key issue. risk. into their own business models and taken adaptation and mitigation actions.
The event will be opened by Ms. Amanda Jewell, Australian Deputy High Commissioner to Sri Lanka. A round table will follow, featuring Mr. Dilhan Fernando, CEO of Dilmah Tea Company PLC (keynote speaker), joined by Ms. Shea Wickramasingha, Group Managing Director, CBL Group; Mr. Charitha Subasinghe, President – Retail, John Keells Holdings PLC; Dr Rohan Fernando, Managing Director, Aitken Spence Plantation Managements PLC; and Dr Giriraj Amarnath, Principal Investigator and RGL – Disaster Risk Management and Climate Resilience, International Institute of Water Management. The webinar will be moderated by Mr. Nisthar Cassim, Senior Journalist and Editor-in-Chief of the Daily Financial Times. An interactive question and answer session will follow the discussion.
The series aims to encourage agro-industries to invest in adaptation strategies, with a long-term view of growing results. As a key outcome of the event, participating agro-industries will have the opportunity to explore the possibility of accessing MDF funding to invest in socially inclusive and sustainable climate change adaptation and mitigation strategies. .
“It is imperative that agro-industries are aware of the impacts of climate change and are equipped to adapt. This is important not only to protect the planet and its resources, but also to ensure that Sri Lankan businesses remain globally competitive and continue to support the livelihoods of Sri Lankan men and women who depend on it. agriculture for their livelihood. MDF looks forward to partnering with agro-industries to implement inclusive and climate-smart business models, ”said Momina Saqib, Country Director of the Market Development Facility.
Sri Lanka’s agricultural sector contributes 7.8 percent of the GDP. About 29 percent of the country’s workforce is employed in the sector, supporting 70 percent of the rural population. Over the past 10 years, the sector has contributed both to domestic food needs and to around USD 2.5 billion in export earnings on average. In this context, climate change poses a significant threat to the sector and its productivity, endangering the livelihoods of direct and indirect stakeholders.
MDF is funded by the Australian government and implemented by Palladium in partnership with Swisscontact. In Sri Lanka, MDF focuses on supporting high value-added tourism, agriculture and fisheries sectors with cross-cutting investments to promote climate change mitigation and adaptation, access to finance and digital adoption. To date, MDF investments have benefited 28,710 disadvantaged men and women and generated additional income of USD 15,091,000 for Sri Lanka.