People’s Leasing & Finance PLC recently announced the release of its 11th Integrated Annual Report for the financial year 2023/24, showcasing its exceptional achievements and its unwavering commitment to transparency, accountability, governance and sustainability.
The report, crafted under the theme of ‘Great Partnerships’, highlights how the company’s collaborations have propelled it to new heights, reinforcing its position as a leader in both non-banking financial services and integrated reporting in Sri Lanka.
Acting Chief Executive Officer of People’s Leasing & Finance Udesh Gunawardena stated; “Our journey is marked by the great partnerships we’ve built with our stakeholders, who trust us to achieve excellence whilst supporting Sri Lankans to realise their aspirations. Our 11th Integrated Annual Report reflects this ethos and highlights our dedication to transparency, accountability, sustainability, and corporate governance.”
Accordingly, the report conforms with several standards and frameworks, including the International IR framework, GRI Reporting Standards on Sustainability, SASB Consumer Finance Standards, the Sustainable Development Goals, the Task Force on Climate-Related Financial Disclosures (TCFD), Sri Lanka Accounting and Auditing Standards issued by CA Sri Lanka and the Guidelines of Transparency International Sri Lanka.
In a creative and engaging narrative and a nod to ‘Great Partnerships’, the report draws parallels between the company’s performance and its brand ambassadors, the captain of the national team in Test, Dhananjaya de Silva and a cricketing star Kamindu Mendis, whose partnership is legendary. It also uses the metaphor of how a classic car is the sum of its parts and thus how dissecting the individual parts of the business – just like with a car – can help to understand its true value as a single entity. Through these ideas, the report conveys how the company is effectively leveraging partnerships and its various business operations to deliver unmatched value.
The 2023/24 report comprehensively covers all areas of the company’s business and sustainability initiatives. Accordingly, it provides a detailed overview of People’s Leasing & Finance’s core business activities, including lending, deposit mobilisation, and Islamic finance, together with the financial performance of the company and its various subsidiaries in Sri Lanka and Bangladesh.
Chairman Pradeep Amirthanayagam added; “Having completed a truly transformative year in 2023/24, with the Sri Lankan economy changing gears from one in crisis to one in recovery, it is our pleasure to present our 11th integrated annual report. This year, we have used what we have achieved and learned in terms of integrated reporting, over a decade, to truly set a new benchmark for integrated reporting. We are also integrating environmental and stakeholder considerations, and sustainability initiatives into the integrated reporting framework for increased transparency, and to provide stakeholders with truly holistic picture.
The report’s innovative presentation style, featuring detailed infographics and a cohesive narrative, provides stakeholders with clear insights into the company’s strategic direction and performance.
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