The Cabinet of Ministers green-lighted a proposal put forward by the President, in his capacity as the Finance, Economic Stabilisation and National Policies Minister regarding the implementation of the strategy.

ISBs are characterised by their commercially viable models that generate positive social and environmental impacts, including green businesses and social enterprises empowering vulnerable communities.

Despite their potential to drive positive change, ISBs in Sri Lanka have faced numerous challenges, including limited access to information, skills training, partnership financing, and formal recognition.

Recognising the critical role these businesses play in achieving Sustainable Development Goals (SDGs), the Sri Lanka Sustainable Development Council has spearheaded efforts to address these challenges.