ORGANIZATIONAL SPIRITUALITY AND CORPORATE SUSTAINABILITY
ORGANIZATIONAL SPIRITUALITY AND CORPORATE SUSTAINABILITY

Summary/Abstract: This study explores the relationship between organizational spirituality and corporate sustain-ability within the Sri Lankan context and in a relatively unexamined area. Although organizationalspirituality is increasingly relevant, many organizations hesitate to integrate it. This paper addressesthe ways to incorporate spirituality into organizations and its implications for environmental, social,and economic sustainability. The COVID-19 pandemic has heightened the relevance of organizational spirituality, particularly in the face of bankruptcy and sustainability challenges. A quantita-tive approach was employed, with data collected via Google questionnaires from management-levelemployees (HR managers, CEOs, HR executives, etc.) across Sri Lanka’s banking, insurance, anddiversified finance sectors. The analysis covered 61 companies, with organizational spirituality as theindependent variable as well as economic, social, and environmental sustainability as the dependentvariables. Data analysis was conducted using descriptive statistics, frequency analysis, and the PartialLeast Squares (PLS) regression model analysis via SMART PLS 4.0. The findings reveal a signifi-cant positive relationship between organizational spirituality and corporate sustainability, indicatingthat higher levels of organizational spirituality positively impact economic, social, and environmen-tal sustainability. Theoretical implications include contributions to stakeholder theory development,while practical implications suggest that company owners can leverage this relationship to enhanceeconomic conditions. Policymakers can also use these insights to guide policy development and im-plementation in Sri Lanka.

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