Hayleys PLC reached a pinnacle of achievement in corporate reporting, winning the coveted ‘Cyril Gardiner Memorial Trophy’ Gold Award for Overall Excellence in Corporate Reporting at the recently concluded CA Sri Lanka TAGS Awards 2024.
Since the inception of the TAGS Awards in 2022, Hayleys has consistently claimed this top honour, firmly establishing itself as the benchmark for financial and sustainability reporting in Sri Lanka. Winning a remarkable total of 20 awards across the Group this year, Hayleys exemplifies its collective commitment to enhancing the credibility, transparency, and relevance of its reporting.
Commenting on the win, Chairman and Chief Executive of Hayleys, Mohan Pandithage noted, “We are delighted to receive this recognition yet again, demonstrating our commitment to the four pillars of transparency, accountability, governance and sustainability. These principles are embedded in the way we run our business and this is demonstrated in the quality of our reports.”
In addition to winning the event’s flagship award, Hayleys PLC also clinched Gold Awards for Sustainability Reporting, Integrating Reporting, Corporate Governance Disclosure (Non-Financial Services) and Diversified Holdings companies with Turnover in excess of Rs. 50 billion. The Group won a total of 13 Gold Awards which included sector wins by Alumex PLC, Haycarb PLC, Hayleys Advantis Ltd, Hayleys Fentons Limited, Horana Plantations PLC and Kelani Valley Plantations PLC, Singer (Sri Lanka) PLC and Singer Finance (Lanka) PLC
With the increasing complexity of stakeholders’ information needs and significant shifts in the corporate reporting landscape, Hayleys has focused on increasing accessibility of its report through the use of digital platforms, improving reporting processes including materiality assessment and stakeholder engagement and strengthening credibility of disclosures through a combined assurance model. The Group also aligned with the latest global developments in sustainability reporting with the early adoption of the SLFRS S1 and S2 Sustainability Reporting Standards.
A centrepiece of the Sri Lankan economy, Hayleys is Sri Lanka’s most diversified conglomerate, publicly listed on the Colombo Stock Exchange, with businesses spanning over 16 sectors, catering to 80 markets worldwide, with a global footprint spanning 18 countries in five regions. Rated ‘AAA (lka)’ by Fitch Ratings, Hayleys was once again ranked as the nation’s No. 1 corporate for 2024 in the LMD 100, Sri Lanka’s version of the Fortune 500. The Group is a champion of sustainable innovation and represents one of Sri Lanka’s most prominent success stories.
