Nawaloka Hospitals triumphs at the CMA Excellence in Integrated Reporting Awards 2021

Kicking off 2022 on a victorious note, pioneering healthcare provider
Nawaloka Hospitals, garnered the highly coveted award for the Best Integrated Report within
the healthcare sector, at the CMA Excellence in Integrated Reporting Awards 2021. Nawaloka
Hospitals also went on to receive a Merit Award for Overall Integrated Reporting Practices.
Organised by the Institute of Certified Management Accountants of Sri Lanka (CMA), the
awards ceremony, held for the eighth successive year, was introduced to promote both listed
and unlisted Sri Lankan companies as well as state-owned enterprises and small and medium
enterprises to undertake integrated reporting, for the benefit of both investors and

“Nawaloka Hospital’s outstanding win at the revered CMA Excellence in Integrated Reporting
Awards stands testament to the firm commitment that we have made to adhere to the highest
standards of integrated financial reporting for many years now. Integrated reporting is
particularly important to healthcare companies as we deal in transparency, trust and social
responsibility of the highest levels with all our stakeholders. The COVID-19 pandemic only
amplified this need for the disclosure of healthcare operations in both financial and non-financial
terms. I would like to congratulate and thank our deeply dedicated team for their proactive
drive to produce such an exceptional Annual Report utilizing impactful, best-in-class financial
reporting practices of international standards,” Nawaloka Hospitals Chairman Dr. Jayantha
Dharmadasa said of the victory.

The integrated reports are evaluated using guidelines applicable in the International <IR>
Framework issued in December 2013. The evaluation considers not only the accounting and
financial information but also the non-financial information provided in <IR>. Forty One companies had submitted applications and were reviewed by a competent evaluation panel and
an eminent panel of international and local judges.

Nawaloka Hospital’s Integrated Annual Report voluntarily embraces global benchmarks such as
the ‘International <IIRC> Framework’ and the Global Reporting Initiative (GRI) Standard ‘Core’
options. This is part of the company’s vision to share its journey of value creation with all its
stakeholders by adopting the Six Capital Reporting Framework, under the Integrated Reporting
Framework. This past year also saw the Hospital Chain bag the highly coveted gold award for
exceptional integrated financial reporting practices within the healthcare sector, at the CA Sri
Lanka’s 56 th Annual Report Awards.

About Nawaloka Hospitals
Nawaloka Hospitals entered the state-dominated healthcare sector in 1985 as the first private
hospital in Sri Lanka to offer tertiary healthcare services. Since then, under the visionary
leadership of Dr. Jayantha Dharmadasa, the hospital has garnered considerable local and
international recognition, pioneering numerous advanced clinical developments in the country.
In 2020, Nawaloka Hospitals achieved the prestigious Joint Commission International’s (JCI)
gold seal of approval for its continued compliance with internationally-recognized healthcare
standards. Nawaloka offers a 24-hour OPD centre, a state-of-the-art ETU facility, air and land
medical evacuation services that include mobile ICUs and a home nursing unit offering
professional in-home care services. Equipped with the latest technology and affordable
healthcare solutions of international standards driven by a passionate and professional team of
the best consultants and nurses, Nawaloka Hospitals is fully committed towards the principal
vision of building a healthier and stronger Sri Lanka.

Leave a Reply

Your email address will not be published. Required fields are marked *