Business
CDB wins Finance Services & Insurance Category at ACCA Sri Lanka Sustainability Reporting Awards
Has won five times in past award ceremonies organized by ACCA Sri Lanka
In recognition of excellence in sustainability reporting, Citizens Development Business Finance PLC (CDB) won one of the most prestigious awards in sustainability reporting in the country at a gala ceremony held recently. The Association of Chartered Certified Accountants Sri Lanka in its 19th annual ACCA Sri Lanka Sustainability Reporting Awards bestowed the Finance Services & Insurance Category win on CDB reaffirming the Company’s commitment to transparency, accountability and sincerity of action.
CDB has had a regular presence at these awards in past years, having won five times including being adjudged a joint winner and runner up four times in this category. The Company’s consciousness and commitment to sustainability in the 3Ps of People.Planet.Profit also saw it recently be among the Ten Best Corporate Citizens in Sri Lanka for the fifth consecutive year at the Best Corporate Citizen Sustainability Awards organized by the Ceylon Chamber of Commerce.
Accepting the award on behalf of CDB, Director/Deputy CEO/CFO Damith Tennakoon stated that, “Sustainability reporting is seen as an enabler of the Sustainable Development Goals (SDGs) which CDB is very committed to, as sustainability is intertwined inextricably to our business model. At a time when the world and our nation is facing socio-economic crisis of unforeseen magnitudes, the SDGs remain more relevant to us than ever. We are honoured that our efforts in reporting an integrated approach to sustainability will lead the way in accelerating progress towards not just the Company’s, but Sri Lanka’s goals as well.”
Appreciating CDB’s stakeholders in always pushing the company to raise the bar, Tennakoon firmly believes that by every stakeholder taking ownership of this sustainability strategy, CDB is empowered to push its goals of financial inclusivity and innovation to establish a smarter and sustainable Sri Lanka.
The ACCA Sustainability Reporting Awards are held worldwide in over 25 countries with over 3,000 entities vying for recognition in sustainability reporting. The awards give credence to an organisation’s sustainability practices with recognition of the strong links between business strategy, corporate governance and sustainability. It rewards disclosure of full sustainability information and encourages the uptake of reporting to raise awareness in corporate transparency, accountability, responsiveness and sincerity of action.
Sustainability Executive of CDB Vajeesha Edirisinghe recieving the award from Chief Guest UNFPA Resident Representative Kunle Adeniyi, while ACCA Head of the South Asia Cluster Nilusha Ranasinghe, President of the Member Network Panel ACCA Sri Lanka Jehan Perinpanayagam nd CDB Team members are at the presentation
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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