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Sierra begins New Year with initiatives to achieve net carbon zero status by 2025

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The beach cleaning project and yoga programmes in progress.

Sierra Construction Limited, a construction sector leader in Sri Lanka, commenced 2023 on a green note, launching a series of eco-friendly initiatives that has enabled the Company to achieve a reduction of Greenhouse gas emissions by 6,270 Kgs of Carbon Dioxide equivalent (CO2e) in January alone.

Embarking on the Company’s ‘Vision 2025’ Transformation Agenda designed to achieve net carbon zero status within the next three years, Sierra Construction completed the first phase of its recycling drive in collaboration with Neptune Recyclers and shredded a total of 6,270 Kgs of confidential documents-turned wastepaper in an environment friendly manner.

The environmental return on this initiative translated to the saving of 107 trees, 11,004 litres of oil, 25,080 kwh of electricity, 199,261 litres of water, and 19m3 of landfill space, Neptune Recyclers confirmed. In addition to saving Sierra the cost of transportation and labour involved in burning wastepaper at a designated location as was customary, the recycling programme also eliminated the environmental cost of this activity. The Company said it plans to continue with this recycling initiative in phases throughout the year.

Sierra also organised a beach clean-up project which covered 16,000 square metres of beach.

A spokesperson for the Company said Sierra is in the process of educating staff on its Green initiative and is conducting awareness programmes across the country for employees to emphasise the importance of reduction of wastage, recycling and transformation. In addition, the Company is promoting carpooling and encouraging cycling as a means of commuting to work.

Sierra Construction has also inaugurated a weekly yoga and exercise programme for its staff. Designed to boost mental wellness and encourage physical fitness among Company employees, the programme focusses on building and strengthening one of the core assets of the company, which is its human resources, the spokesperson said.

A leading general engineering and construction company in Sri Lanka, Sierra Construction Limited was established in 1981. It is one of the most experienced contractors in the country for telecommunications, building construction, electrical engineering, water supply & sewerage, road and bridges projects and has an unblemished record of undertaking large-scale projects in Sri Lanka and overseas. Sierra Construction has operations in the Maldives, Bangladesh, India, Singapore, Malaysia and Abu Dhabi.

The Company has been assigned the CS2 Grade, the highest ranking issued by the Construction Industry Development Authority (CIDA) in the field of engineering and construction and employs a skilled workforce of more than 4,000 including over 100 qualified and experienced engineers in Sri Lanka and overseas. Sierra Construction is an ISO 9001 and ISO 14001 certified company.

The Board of Directors of the company comprises Priyantha Perera (Chairman), Buwanaka Perera (Deputy Chairman), Ms Cynthica Irugalbandara, Anura Premarathna, Kamaj Wanigasooriya, Prasad Erathna and Chaminda Ranasinghe.



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HNB Finance bags 2 CMA Reporting Awards 2025

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Prof. Ho Yew Kee presents the award, while Rajeeva Bandaranaike hands over the certificate to the HNB Finance team. Featured (right to left): Thushara Jayasekara – Chief Manager / Head of Corporate Planning & Analytics; Randula Munindradasa – Assistant Manager Planning & Analytics; Sandakelum Jayathunga – Senior Manager – Financial Reporting; Maheshika Samarakoon – Manager – Strategy Implementation & Reporting

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.”

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ComBank joins ‘Liya Shakthi’ scheme to further empower women-led enterprises

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Mithila Shyamini, Assistant General Manager – Personal Banking at Commercial Bank and Jude Fernando, Chief Executive Officer of the National Credit Guarantee Institution exchange the agreement in the presence of representatives of the two organisations

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.

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Prima Group Sri Lanka supports national flood relief efforts with over Rs. 300 Mn in dry rations

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Defence Secretary Air Vice Marshal (Retd) Sampath Thuyacontha receiving the donation from Sajith Gunaratne - General Manager of Ceylon Agro Industries Limited, and Sanjeeva Perera - General Manager of Ceylon Grain Elevators PLC

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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