December 16th, 2022: Sri Lanka’s leading integrated financial services provider HNB FINANCE PLC (HNBF) took home Silver, marking an admirable win in the Non-Bank Financial Institutions (Total Group Asset Above LKR 20 Bn) category, at the TAGS Awards 2022 on December 6, 2022, organized by The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka). The HNBF Annual Report for 2021/22 ‘Reaching for New Heights’ was presented with this award.
This recent win by the company is a testament to its commitment to overall excellence in its operations, especially in its corporate governance, annual financial reporting and sustainability. As a homegrown progressive entity in Sri Lanka’s NBFI sector, HNBF believes that maintaining transparency is critical towards ensuring an assured outcome for growth, as well as economic prosperity.
“We are honored to be bestowed with a Silver award in recognition of our company’s efforts in producing one of the best in class Annual Reports, and are thankful to the organizers and judging panel of the TAGS Awards 2022. I would also like to thank our staff, our Chairman Mr. Dilshan Rodrigo, as well as our Board of Directors for all their contributions towards ensuring transparency and efficiency in our overall operations.” commented HNB FINANCE PLC Managing Director and CEO Chaminda Prabhath.
The newly rebranded annual TAGS Awards, standing for Transparency, Accountability, Governance and Sustainability, aims to analyze the level of financial, environmental, social and governance reporting by companies, while also promoting the crucial need to increase transparency within companies which produce annual reports.
The awards’ objective is to encourage effective communication to stakeholders through publication of informative annual reports, promote effective presentation of financial and non-financial information, comply with legislative requirements and Sri Lanka Accounting Standards (SLFRS) and to encourage the adoption of best global reporting practices.