Hayleys Fabric Triumphs at CMA Excellence in Integrated Reporting Awards 2024

Friday, 20 December 2024 14:09 - - {{hitsCtrl.values.hits}}

Ten Best Integrated Reports Award

Award Recipient Mr. Rohitha Bandara, Executive Director - Finance and ESG, Mr. Lakmal Diyawaththege, Deputy General Manager – Sustainability, Mr. Udara Gunawardhana, Manager - Finance

Best Integrated Report Sector Award

Award Recipient Mr. Rohitha Bandara, Executive Director - Finance and ESG, Mr. Lakmal Diyawaththege, Deputy General Manager – Sustainability, Mr. Udara Gunawardhana, Manager - Finance

Hayleys Fabric PLC proudly achieved recognition at the CMA Excellence in Integrated Reporting Awards 2024, organized by the Institute of Certified Management Accountants of Sri Lanka. The company earned accolades under the "Ten Best Integrated Reports" category and was named the "Best Integrated Report – Sector Award" for the Textile and Apparel sector.

Since embarking on integrated reporting in 2014/2015, Hayleys Fabric PLC has committed to presenting comprehensive disclosures of both financial and non-financial data, adopting globally recognized standards, including:

The International Integrated Reporting Framework by the International Integrated Reporting Council (IIRC).
Global Reporting Initiative (GRI) Standards for sustainability.
Sustainability Accounting Standard for the Apparel, Accessories, and Footwear sector (SASB).
Task Force on Climate-Related Financial Disclosures (TCFD).
10 Principles of the United Nations Global Compact (UNGC).
SLFRS S1 and S2, demonstrating early adoption and leadership in financial reporting standards.

This comprehensive approach underscores the Group’s commitment to transparency, sustainability, and ethical business practices.

The Hayleys Fabric Group’s success is rooted in the effective mobilization of six interconnected capitals, each contributing to value creation for stakeholders. These capitals are integral to meeting both present and future stakeholder expectations:

1. Financial Capital

The Group’s strong financial foundation enables strategic investments, operational resilience, and sustainable growth, fostering long-term shareholder value.

2. Social and Relationship Capital

Collaborations with stakeholders, including customers, suppliers, and communities, strengthen trust, brand reputation, and mutually beneficial partnerships.

3. Human Capital

With a skilled and motivated workforce, the Group prioritizes employee development, diversity, and wellbeing, driving innovation and productivity.

4. Intellectual Capital

The company leverages proprietary knowledge, research, and innovation, such as the ‘Inno’ brand, to deliver differentiated products and maintain a competitive edge.

5. Manufactured Capital

State-of-the-art production facilities and infrastructure underpin operational efficiency and support the delivery of high-quality fabrics tailored to global markets.

6. Natural Capital

As a sustainability leader, the Group minimizes environmental impact by optimizing resource usage, reducing waste, and embracing circular economy practices.