Business
Elpitiya Plantations recognised for best sustainability project ‘Go Green and Beyond’
Elpitiya Plantations PLC (EPP) was recognised for their ‘Go Green and Beyond’ initiative as one of the best sustainability projects at the prestigious Best Corporate Citizen Sustainability Award 2021 organised by the Ceylon Chamber of Commerce.
The project was launched in 2018/19 and is an integral part of EPP’s integrated approach to manage its environmental impact, energy and water footprints in building a climate-resilient business model. The initiative aims to simultaneously reduce the company’s vulnerability to accelerating climate change while reducing its environmental footprint and preserving natural resources for future generations.
The project consists of three main pillars namely: renewable energy, water and biodiversity with clearly defined action plans, goals, KPIs and outcomes. Furthermore, this is an integral part of Elpitiya Plantations holistic sustainability strategy, which centers on the achievement of six long-term environmental, social and economic aspirations, which are aligned to the UN Sustainable Development Goals namely, SDG 6- Clean water and sanitation, SDG 7- Affordable and clean energy, SDG 8- Decent work and economic growth, SDG 9- Industry, Innovation & Infrastructure, SDG 15- Life on Land and SDG 17- Partnerships for the goals.
Key developments of Project Go Green and Beyond include increasing reliance on renewable energy through solar PV rooftop systems and sustainable biomass for thermal energy demand, expanding rainwater harvesting, development of stream reservation, watersheds land extent in the estates and enriching the quality of soil by increasing soil carbon level and preserving biodiversity by reducing the application of chemical fertilizer and agrochemicals like weedicides and pesticides.
Through these initiatives Elpitiya Plantations has achieved ‘carbon negative’ status in its electrical energy consumption through 95% reliance on its overall renewable energy, thereby offsetting over 15,000 tonsCO2e in 2020/21. The Group is also 89% reliant on rainwater for their water use, significantly reducing the extraction of freshwater. The company has also increased its green cover by 5% and achieved a reduction of 32% and 71% in chemical pest and weed control, respectively.
Commenting on this win, Dr. Rohan Fernando Managing Director of Elpitiya Plantations PLC said, “Elpitiya Plantations has continuously adopted sustainable agricultural practices in our daily operations where all aspects of environmental health, economic profitability and social responsibility are given equal importance. We will continue to make a positive contribution to the society, planet and economy through our sustainable business practices”.
Managed by Aitken Spence Plantation Managements PLC since 1997, Elpitiya Plantations PLC owns 13 estates and 17 factories producing tea and other diversified crops. The company embarked on producing four types of berries in Sri Lanka, providing these berries to local consumers with a lower carbon footprint, with strawberries currently in commercialization.
Business
HNB Finance bags 2 CMA Reporting Awards 2025
HNB Finance PLC has been honoured with two prestigious accolades at the CMA Excellence in Integrated Reporting Awards 2025, reaffirming the company’s commitment to transparency, good governance, and integrated business performance.
At this year’s ceremony, HNB Finance PLC was awarded Second Runner Up – joint in the category of “Best Integrated Report , Finance and Leasing Sector”, and also received a Merit Award in recognition of its continued efforts to enhance reporting quality and strengthen stakeholder communication.
The CMA Excellence in Integrated Reporting Awards, organised annually by the Institute of Certified Management Accountants (CMA) of Sri Lanka, acknowledge organisations that demonstrate superior financial reporting standards aligned with global best practices. Winners are assessed on key criteria such as financial performance and strategic management, corporate governance and compliance, innovation and digital transformation, sustainability practices, and professional excellence.
Chaminda Prabhath, Managing Director/CEO of HNB Finance PLC, commented on the recognition, “These awards reaffirm our commitment to upholding the highest standards of integrated reporting and transparent financial disclosure. At HNB Finance, we remain focused on delivering sustainable long-term value through robust governance frameworks, prudent financial management, and continuous innovation. The acknowledgement by CMA Sri Lanka reflects the disciplined efforts of our teams across the organization and motivates us to further enhance our reporting quality, strengthen ESG integration, and reinforce our stakeholder centric approach.”
Business
ComBank joins ‘Liya Shakthi’ scheme to further empower women-led enterprises
The Commercial Bank of Ceylon has reaffirmed its long-standing commitment to advancing women’s empowerment and financial inclusion, by partnering with the National Credit Guarantee Institution Limited (NCGIL) as a Participating Shareholder Institution (PSI) in the newly introduced ‘Liya Shakthi’ credit guarantee scheme, designed to support women-led enterprises across Sri Lanka.
The operational launch of the scheme was marked by the handover of the first loan registration at Commercial Bank’s Head Office recently, symbolising a key step in broadening access to finance for women entrepreneurs.
Representing Commercial Bank at the event were Mithila Shyamini, Assistant General Manager – Personal Banking, Malika De Silva, Senior Manager – Development Credit Department, and Chathura Dilshan, Executive Officer of the Department. The National Credit Guarantee Institution was represented by Jude Fernando, Chief Executive Officer, and Eranjana Chandradasa, Manager-Guarantee Administration.
‘Liya Shakthi’ is a credit guarantee product introduced by the NCGIL to facilitate greater access to financing for women-led Micro, Small, and Medium Enterprises (MSMEs) that possess viable business models and sound repayment capacity but lack adequate collateral to secure traditional bank loans. Through NCGIL’s credit guarantee mechanism, Commercial Bank will be able to extend credit to a wider segment of women entrepreneurs, furthering its mission to drive inclusive economic growth.
Business
Prima Group Sri Lanka supports national flood relief efforts with over Rs. 300 Mn in dry rations
Prima Group Sri Lanka has pledged assistance valued at over Rs. 300 million, providing essential Prima food products to support communities affected by the recent floods across the island. This relief initiative is being coordinated through the Ministry of Defence to ensure the timely and effective distribution of aid to impacted families.
As part of this commitment, Prima Group Sri Lanka donated a significant stock of Prima dry rations to the Government of Sri Lanka on 30 November. The consignment will be distributed across multiple severely impacted districts. These supplies will support families facing disruptions to daily life, ensuring they receive assistance as recovery efforts continue.
The handover took place at the Ministry, where the donation was received by the Secretary of Defence, Air Vice Marshal (Retired) Sampath Thuyacontha. Representing Prima Group Sri Lanka, Sajith Gunaratne – General Manager of Ceylon Agro Industries Limited, and Sanjeeva Perera – General Manager of Ceylon Grain Elevators PLC, officially presented the donation.
Prima Group has been standing with the people of Sri Lanka for over 40 years, and this donation reflects its broader commitment to the nation during challenging times. As relief operations continue across the island, the company remains focused on helping families rebuild their lives and supporting the ongoing recovery process in collaboration with the Government Authorities.
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