Hayleys PLC clinches Overall Winner award at ACCA Sustainability Reporting Awards 2024 for the 2nd consecutive year

Commenting on the win, Chairman and Chief Executive of Hayleys PLC, Mohan Pandithage stated “We are delighted and humbled to yet again be recognised by ACCA Sri Lanka for our commitment to sustainable business and transparent corporate reporting. In line with the shifts in the global sustainability reporting landscape, the Board of Directors and Executive Leadership have actively championed the implementation of relevant sustainability governance mechanisms, ensuring robust oversight and alignment to global best practices in sustainability reporting”

The Group’s ESG interventions are guided by its holistic ESG Roadmap, the Hayleys Lifecode which articulates the Group’s ESG ambitions and actions plans. Major sectors have also implemented Sector-level ESG roadmaps which are in line with the aspirations of the Hayleys Lifecode and selected Sustainable Development Goals. The Group continues to make progress against its targets, meeting 68% of its energy needs through renewable sources and achieving a 2% reduction in GHG emissions (excluding new acquisitions) over the year

Hayleys PLC reaffirmed its position as the benchmark for corporate reporting in Sri Lanka, emerging as the ‘Overall Winner’ at the ACCA Sustainability Reporting Awards 2024. This marks the second consecutive year that Hayleys has secured this prestigious recognition, attesting to its continued commitment to sustainable business practices and responsible corporate reporting. Hayleys also claimed the top spot in the Diversified Sector and was adjudged as ‘Winner’ of the ‘Special Award-Risk Reporting.’ 

The ACCA Sustainability Reporting Awards celebrate excellence in environmental, social, and governance (ESG) disclosures, recognising organisations that integrate sustainability into their business strategies while maintaining the highest standards in credible and accountable corporate reporting. Hayleys PLC’s consecutive victories reflect the Group’s ongoing commitment towards the strategic integration of ESG, which in turn translates to stronger sustainability reporting practices. 

Commenting on the win, Chairman and Chief Executive of Hayleys PLC, Mohan Pandithage stated “We are delighted and humbled to yet again be recognised by ACCA Sri Lanka for our commitment to sustainable business and transparent corporate reporting. In line with the shifts in the global sustainability reporting landscape, the Board of Directors and Executive Leadership have actively championed the implementation of relevant sustainability governance mechanisms, ensuring robust oversight and alignment to global best practices in sustainability reporting.”

The Hayleys PLC Annual Report for the financial year ending 31st March 2024 adheres to several globally accepted sustainability reporting frameworks including the GRI Standards, the Integrated Reporting Framework and the relevant industry standards of the Sustainability Accounting Standards Board.  The Group also opted for early adoption of the SLFRS Sustainability Disclosure Standards S1 and S2, applying the transitional relief allowed for first-time adopters. In line with the adoption of the new standards, considerable emphasis was also placed on strengthening sustainability governance mechanisms and risks management processes and improving emission-related reporting. In line with the requirements of the new standards, the Group has sought to widen its risk lens through embedding the identification and management of sustainability-related risks and opportunities into its risk processes, controls and culture. 

The Group’s ESG interventions are guided by its holistic ESG Roadmap, the Hayleys Lifecode which articulates the Group’s ESG ambitions and actions plans. Major sectors have also implemented Sector-level ESG roadmaps which are in line with the aspirations of the Hayleys Lifecode and selected Sustainable Development Goals. The Group continues to make progress against its targets, meeting 68% of its energy needs through renewable sources and achieving a 2% reduction in GHG emissions (excluding new acquisitions) over the year.

As one of Sri Lanka’s most socio-economically impactful organisations, the Group continues to inject value across agricultural networks, value chains and other communities, staying true to its purpose of building inclusive business models.