The influence of Buddhist philosophy on sustainability reporting in Sri Lanka

Research output: Chapter in Book/Report/Conference proceedingChapter (Book)Researchpeer-review


The study explores the influence of Buddhist philosophy as a motivator for sustainability reporting (SR) by companies, in a developing country setting. The data were collected through semi-structured interviews with managers of listed and non-listed companies in Sri Lanka, a country ingrained in Buddhist philosophy for over two and a half millennia. The findings indicate that corporate social responsibility has been practised in Sri Lankan society since ancient times. The beliefs, thinking patterns and mindset of listed and non-listed company managers, born and raised under Buddhist background, is heavily influenced by Buddhist teachings of ‘kamma’, rebirth, conservation, empathy and social sustainability. Evidenced in the study is the translation of personal values to corporate values as the motivation for sustainability projects and SR. Contrary behaviour demonstrated by a large conglomerate and a subsidiary of a multinational company indicated that these companies did not appreciate the local values and beliefs inspired by Buddhist philosophy.
Original languageEnglish
Title of host publicationNew Horizons in Management, Leadership and Sustainability
Subtitle of host publicationInnovative Case Studies and Solutions for Emerging Economies
EditorsSatinder Dhiman, Ramanie Samaratunge
Place of PublicationCham Switzerland
Number of pages14
ISBN (Electronic)9783030621711
ISBN (Print)9783030621704
Publication statusPublished - 2021

Publication series

NameFuture of Business and Finance
ISSN (Print)2662-2467
ISSN (Electronic)2662-2475

Cite this