Hayleys Plantations companies clinch top honours at CA Sri Lanka TAGSAwards 2023

  • Wins Gold, Silver in sector for Outstanding Excellence in Corporate Reporting – TAGS 2023
  • Builds on over a decade of corporate reporting accolades for TTE, KVPL, and HPL
  • Stands tall amongst Asian giants at SAFA Awards 2023
  • SBTi progress and digital transformation recognised as critical aspects of modernization

Hayleys Plantations, a member of Sri Lanka’s most diversified conglomerate, the Hayleys Group, reaffirmed its position as the nation’s leaders in exemplary corporate governance following a dominant showing at the TAGS Awards 2023.

Kelani Valley Plantations PLC (KVPL) and Talawakelle Tea Estates PLC (TTE) shared the Gold Award for Outstanding Excellence in Corporate Reporting under the Plantations category, with Horana Plantations PLC (HPL) winning the Silver. Their outstanding performance this year builds on more than a decade of success at the TAGS Awards, formerly CA Annual Report Awards for KVPL and TTE, and HPL after the latter’s acquisition by Hayleys.

All 3 companies received top honours in the prestigious 2023 South Asia Federation of Accountants (SAFA) annual report awards, with HPL winning Gold, and KVPL and TTE PLC winning Silver and Bronze respectively in the Agriculture category. Their resounding performance at this year’s awards underscores a remarkably dominant track record at the SAFA awards, where Hayleys Plantations RPCs have consistently secured Gold and Silver awards over the past decade.

“In today’s volatile economic landscape, a robust corporate governance framework is an essential prerequisite for success. A commitment to ethical business management is at the core of the Hayleys ethos and cascades to individual governance policies of each RPCs. That is how we ensure that our vision and values translate into ensuring transparency, accountability, governance and sustainability on-ground.

“We’ve consistently led the sustainability drive within our business philosophy, shaping our strategic vision and commitments to achieve the 2030 SDG targets. Our focus on ESG is integral to this journey. As an SBTi committed company, we’ve set ambitious near-term and future targets, with a clear roadmap to achieve net-zero emissions by 2050, through embracing a climate-smart regenerative agriculture model and employing data-driven decision-making.

“I commend our teams for their exemplary commitment to authentic ESG practices and the corporate reporting standards established within their respective companies. Their victory serves as an inspiration to the Hayleys Group, and the entire corporate sector,” Hayleys Plantations Managing Director, Dr. Roshan Rajadurai said.

Over the past year, Hayleys Plantations RPCs clinched over 50 awards from both local and international bodies. The accolades highlight their steadfast dedication to quality, transparency, and sustainable ESG strategies.

Underpinning these accomplishments is Hayleys Plantations’ significant investment in a comprehensive digital data management system from ground-level operations in the fields to the corporate head office, ensuring transparent, accurate, and efficient data capture, sorting, storage, and review processes. This in turn enabled Hayleys Plantations with swift and transparent decision-making capabilities, while empowering employees at an operational level, leading to increased productivity and and efficiency across the sector.

Hayleys Plantations is part of Sri Lanka’s largest and most diversified conglomerate, the Hayleys Group, and represents 4.6% of the nation’s total tea production. The RPCs are the first in the industry to sign the UNGC 10 Principles in Human Rights, Labour standards, Environment and Anti-corruption, and pledge to the UN CEO Water Mandate.

All three Hayleys Plantations companies follow the Task Force on Climate-related Financial Disclosures (TCFD), and are either already committed to or working towards the Science Based Target initiative (SBTi), with TTE’s targets having been already confirmed.

Image 01: Hayleys Plantations Managing Director, Dr. Roshan Rajadurai (seventh from left), and the KVPL team with their award at the TAGS Awards 2023.

Image 02: Hayleys Plantations Managing Director, Dr. Roshan Rajadurai (sixth from left) and the TTE team with their award at the TAGS Awards 2023.Image 03: Hayleys Plantations Managing Director, Dr. Roshan Rajadurai (eighth from left) and the HPL team with their award at the TAGS A

Leave a Reply

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