January 24, 2022
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5min

 



 

 

 

 

 

The company aims to strengthen its growth plans in 2022 |  Aruni Goonetilleke appointed Board Director at Eswaran Brothers Tea Exporters

 Monday, 24th January 2022, COLOMBO; Top regional financial services expert Aruni Goonetilleke has been appointed to the Board of Directors of Eswaran Brothers, further strengthening an eminent team at the helm of affairs at the company. Eswaran Brothers which has been a leader in the value added tea industry for over sixty years, is at the forefront of innovation in the industry.

The Board of Directors of Eswaran Brothers lead by Non-Executive Chairman and well known corporate strategy expert, Dr. Nalin Jayasuriya, boasts of a power packed team that includes Yudhistran Kanagasabai, Independent Non-Executive Director, Chairman of the Audit Committee of Ceylon Tobacco Company PLC and Chairman, Ambeon Capital PLC , Gabriel D’Arcy, Independent Non-Executive Director, Senior VP at Stratagem Partners – a leading European Corporate Strategy and Brexit Advisory Service Provider and Mr. Hanif Janoo a well-known global Tea industry stalwart from Pakistan and Kenya.

To this stellar team a recent addition was top regional financial services expert Aruni Goonetilleke who joined the board back in June 2021. Aruni Goonetilleke, subsequently appointed as Chairperson of Hatton National Bank PLC, is also a Director at Sunshine Holdings PLC. Further, she holds the position of Non-Executive Director at several other listed companies.

Speaking on her appointment, Ms. Goonetilleke said, “I’m happy to be part of the Board of Eswaran Brothers – one of the leading value-added tea exporting companies in Sri Lanka. At a time when the world navigates many challenges, Eswaran Brothers is embarking on an impressive programme of diversification and growth. I look forward to being a part of the leadership of the company as it steps forward in new directions.”

Ms. Goonetilleke who did her Bachelors in Law at the University of Colombo, completed her Masters in Law at Harvard Law School, USA. She was previously the Head of Corporate Banking at People’s Bank. In her 25-years as a financial services professional she has worked in banks in Sri Lanka and Singapore. She was the Chief Risk Officer of Standard Chartered Bank, Sri Lanka and played a key role at the time of the merger of ANZ Grindlays and Standard Chartered Bank in Sri Lanka. She was also the Head of Credit, SME and Commercial Banking and held Global Audit Roles in Wholesale and Retail Banking at Standard Chartered Bank, Singapore.

As one of the premier marketers of Ceylon Tea, Eswaran Brothers works with some of the world’s leading tea brands, helping them meet their customer needs with the supply of high-quality Ceylon Tea. With over six decades of experience, this combination of versatility and customer satisfaction has made Eswaran Brothers Tea the choice source for fine teas and wellness beverages.

“Corporate governance and growth oriented independent directors have been part of the Eswaran Brothers board for nearly a decade.  Following the directions set by our Past Chairman, the late Mr. D Eassuwaren, Eswaran Brothers became the first Carbon Neutral Certified tea company in the world and we are now ready to make some big moves as a corporate entity,” said Executive Chairman, Ganesh Deivanayagam. “With Aruni joining the Board, we intend to strengthen our financial oversight to further drive the company’s diversification and consolidation.”

 



 

 

 

 


December 12, 2021
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6min

The electronic Bill of Lading (eBL) facilitated by the blockchain underpinned TradeLens platform spurs innovation by digitalizing manual, time-consuming, paper-based shipping and logistics processes, while also contributing towards greater ease of doing business across supply chains for all involved stakeholders

 



 

 

Thursday 02nd December 2021, Colombo: Eswaran Brothers Exports, one of Sri Lanka’s premier tea suppliers for over five decades, became the first exporter out of the country to adopt eBL from TradeLens, a digital supply chain platform underpinned with blockchain technology that allows electronic issuance, transfer, and surrender of original bills of lading.

Eswaran Brothers’ initiative to adopt TradeLens eBL comes at the time when the Digital Ministry of Sri Lanka is building and implementing a holistic strategy to address all pillars of digital transformation. The strategy includes a cluster of digitisation projects and organisations that have come together to unlock the potential of new technologies for economic growth and the overall betterment of society. One such project, which TradeLens is also involved in, is the instillation of a data integration solution called ASYHUB, currently developed by UNCTAD, which allows for the smooth exchange of cargo data between the customs IT system, ASYCUDA, and multiple trade data providers. The Ministry has immensely supported Maersk’s drive to promote the use of TradeLens eBL and other digital solutions in the country.

Hon. Minister Namal Rajapaksa – Minister of Youth and Sports & State Minister of Digital Technology and Enterprise Development of Sri Lanka, congratulated Eswaran Brothers, Maersk and TradeLens teams on the completion of the first eBL in Sri Lanka by saying, “We believe digitalization is the cornerstone of operational efficiency for our business stakeholders across supply chains. The collaboration of Sri Lanka’s traders and other stakeholders in the supply chains with TradeLens is a very important step in strengthening this digital agenda and staying ahead of the curve when it comes to digital transformation. We are excited to be a part of this digital journey, that TradeLens offers the Sri Lankan shipping and logistics industry.”

 

 

“As we cater to markets in over 52 countries, we realized digitization is the key to streamline our business easily across the global supply chain. With the TradeLens eBL, we’ve digitized our manual paper-based processes. This has helped to reduce errors, improve security, and have mitigated chances of any additional costs. We are also able to offer superior customer service. We are very pleased to partner with Maersk for TradeLens’ simple and straightforward eBLs.” Subramaniam Eassuwaren – Vice Chairman, Eswaran Brothers Exports.

TradeLens is a carrier-neutral, blockchain-enabled digital supply chain platform, jointly developed by Maersk and IBM. The solutions offered by TradeLens are accelerating the digitisation agenda of the supply chain industry around the world by transforming manual, paper-based and time-consuming administrative processes into digital ones. TradeLens allows an original bill of lading to be digitally issued and moved electronically through its journey with all the stakeholders. This not only reduces the hassles of sending physical papers from one stakeholder to the other through a courier process, but also eliminates the possibilities of documents getting lost or forged and eliminates all sorts of inefficiencies from manual processes.

“At Maersk, we are constantly working towards connecting and simplifying our customers’ supply chains. This means that we cover every aspect of the integrated container logistics solutions that we are offering in the market. TradeLens has brought to table solutions that will delight our customers with ease of doing business, visibility, speed, and safe & secure digital solution that will create value for them,” said Siddharth Iyer – Country Manager, Maersk Sri Lanka and Maldives.

Apart from issuing eBL, TradeLens members can use the platform to connect within the logistics ecosystem and share information needed for their shipments based on permissions, without sharing sensitive data. TradeLens makes it possible to access data from the source in near real-time, boosts the quality of information, provides a comprehensive view of data as cargo moves around the world, and helps create a timelier, secured record of transactions. Launched in 2018, the TradeLens ecosystem now includes more than 350 organizations – extending to more than 10 ocean carriers and encompassing data from more than 600 ports and terminals. It is fully integrated with both SAGT and CICT in Sri Lanka meaning importers and exporters have access to a pre-built supply chain ecosystem.  Already the platform has tracked 50 million container shipments, 2.5 billion events and roughly 25 million published documents.

 



 

 


March 17, 2020
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6min

Eswaran Brothers Exports, one of Sri Lanka’s premier tea suppliers for over five decades and the World’s first CarbonNeutral® certified tea company, have taken another giant leap in environmental responsibility and set the bar one step higher for other companies in the beverage industry.

With carbon neutrality already propelling its brand image and reputation for sustainability to new heights, the company took a step forward and has worked towards reducing the amount of plastic used in the processing of their ‘T-GO’ brand tea products.  But determined to go beyond the “business as usual” scenario, the company partnered with The Carbon Consulting Company (CCC) and The Sustainable Future Group (SFG) to obtain Sri Lanka’s FIRST PlasticNeutral® Product Certification for its ‘T-GO’ product range.

 

Plastic neutrality is the concept of having a net zero plastic footprint by first reducing the amount of plastic utilised and then compensating for the unavoidable plastic utilised and/or produced with an equivalent amount of plastic that is extracted from or prevented from entering the natural environment.  When companies cannot perform such activity under the stringent verification of an independent outside party, they can apply the concept of a “Plastic Credit” to carry out such a reduction. A “Plastic Credit” can be defined as a reduction/removal of one kilogram of plastic from the environment, and the credit can be attributed to the organisation compensating for its unavoidable plastic utilisation/production, which is responsible for funding the related activity. The PlasticNeutral® Certification is awarded if a credible, transparent and practical process is followed to offset plastic usage, as outlined in The PlasticNeutral® Guideline.

“Our goal has always been to set the benchmark in sustainability in our product category as well as our marketplace”, says Subramaniam Eassuwaren, Deputy Chairman of Eswaran Brother Exports.  “We were the world’s first tea company to be certified CarbonNeutral®, and that bold step was an extension of the company’s overall position on its environmental responsibility.  In today’s context, plastic has come to be the most visible, tangible and talked about aspect of environmental pollution by companies and products. We wanted to do everything we possibly could to not only reduce the amount of plastic we use, but to also be able to compensate in some way for the unavoidable plastic. The concept of plastic credits provides us with a practical and reliable mechanism to compensate for this plastic. We are thankful to both CCC and to SFG for providing us with an invaluable method to make our vision a reality, and are proud to launch Sri Lanka’s first PlasticNeutral® Product.” 

In order for Eswaran Brothers to obtain the PlasticNeutral® Certification, The Carbon Consulting Company (CCC) – Sri Lanka’s foremost integrated sustainability solutions provider, analysed and comprehensively mapped out the plastic usage and wastage during the product’s life cycle and quantified its Plastic Footprint. Following targets to achieve net zero plastic waste for the selected product range, the company’s internal reduction measures were coupled with supporting an external plastic reduction programme. The programme is run by Eco Friends Sri Lanka, a company that collects and recycles plastics, and Plastic Credits were generated from these activities.

Leading sustainability verification and certification body and the regional partner of Natural Capital Partners of the UK, The Sustainable Future Group (SFG), carried out detailed independent verification of the audit conducted by CCC for the selected product as well as the Eco Friends’ Plastic Credit Generation Project to determine if the processes followed were transparent and accurate. Globally recognised standards and guidelines were adhered to in conducting this verification that included ISO 17422:2018, Global Recycled Standard V 4.0, The Ocean Works Certification Standard, and the ISO 14040:2006 Standard. Eswaran Brothers were subsequently awarded PlasticNeutral® Certification for its T-GO product range by SFG and becomes the FIRST company in Sri Lanka to achieve this significant distinction.

Sanith de S. Wijeyeratne – CEO of CCC, commented, “The PlasticNeutral® certification enables the generation of positive environmental, economic and social impacts with a direct link to the operations of a business. Corporates can use plastic credits to take stock of their actual plastic use in the production process and set realistic targets to reduce their plastic footprint over the years. In addition, a percentage of the funds go toward improving the standard of life for underprivileged communities involved in the Plastic Credit Project. This mechanism of measuring and tracking of the Plastic Footprint of a corporation or product provides numerous opportunities to manage the issue of plastic waste in a more sustainable manner. Undertaking such a study is a challenging exercise, but it can also deliver some great insights into opportunities to reduce plastic and waste overall.”



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