20 October 2026 | Corporate News & Sustainability
Lakarcade (Pvt) Ltd, one of Sri Lanka’s leading gift and souvenir retailers, proudly announces its participation in the United Nations Global Compact Network Sri Lanka, marking a significant milestone in the company’s commitment to responsible business practices, sustainable development, and the preservation of Sri Lanka’s rich cultural heritage.
By joining this global corporate sustainability initiative, Lakarcade reinforces its dedication to aligning its business strategies and operations with the Ten Principles of the United Nations Global Compact, covering human rights, labour standards, environmental responsibility, and anti-corruption.
Preserving Heritage, Empowering Communities
At the heart of Lakarcade’s mission is a commitment to showcasing authentic Sri Lankan craftsmanship while supporting local artisans, traditional craftspeople, and rural communities.
Through its growing retail network, Lakarcade connects Sri Lanka’s traditional arts and cultural products with local and international customers, creating opportunities for independent artisans and helping preserve skills passed down through generations.
Participation in the UN Global Compact Network Sri Lanka provides an opportunity to further strengthen these efforts by incorporating structured sustainability practices, ethical business standards, and responsible supply chain management.
A Vision for Responsible Growth
Mr. Anil Koswatte, Chief Executive Officer and Managing Director of Lakarcade, highlighted the importance of this milestone in strengthening the company’s commitment to responsible business operations.
Lakarcade remains focused on promoting Sri Lanka’s cultural identity, empowering artisan communities, and integrating sustainable practices throughout its showrooms and supply chains.
Through collaboration with other participating organisations, the company aims to support the United Nations Sustainable Development Goals (SDGs) and contribute to a more inclusive and sustainable business environment.
Building a Sustainable Future
This milestone represents an important step in Lakarcade’s ongoing journey towards sustainable business growth and international engagement.
By combining traditional Sri Lankan craftsmanship with responsible modern retail practices, Lakarcade continues to strengthen its role in preserving the nation’s cultural heritage while creating meaningful economic and social opportunities.
Lakarcade – Preserving Heritage, Empowering Artisans, Building a Sustainable Future.
