Hayleys Eco Solutions Unveils “ENTWINE”: holistic ESG Roadmap for 2030
Ada Derana: Hayleys Eco Solutions, Sri Lanka’s leading traditional and value-added exporter of coconut fibre and coco peat-based products and a member of the Hayleys Group announced the launch of “Entwine”, its Environmental, Social, and Governance (ESG) Roadmap for 2030.
Derived from the concept of intertwining, “Entwine” signifies the profound connection between the business, people and the planet. Aligned with the Hayleys Lifecode, Entwine is anchored to four pillars: Nurturing Our Planet, Optimising Resources, Improving Lives, and Responsible Leadership.
The launch of Entwine took place during a special ceremony attended by Hayleys PLC Chairman and Chief Executive – Mohan Pandithage, Eco Solutions Sector Deputy Chairman – Rajitha Kariyawasan and Managing Director – Rajeeve Goonetileke, and employees representing all departments of the Eco Solutions sector.
“Sustainable innovation has been a core pillar of our export manufacturing businesses for more than 146 years. Eco friendly products made out of coconut fiber –considered as a by-product – was the very first business on which the Hayleys Group was founded and continues to thrive.
“The launch of Entwine, therefore represents a significant milestone for the Hayleys Group. By formally integrating ESG principles into its operations, Hayleys Eco Solutions is aligning itself with the broader commitments set out in the Hayleys Lifecode, and ensuring that our unbroken legacy of sustainable innovation continues to thrive as we move forward,” Hayleys Group Chairman and Chief Executive, Mohan Pandithage said.
Aligned to Hayleys Eco Solutions’ overarching purpose of “inspiring innovative and inclusive eco-friendly living”, Entwine will serve as a blueprint, detailing its 2030 ESG targets and action plans.
These include a 15% reduction in Scope 1 & 2 GreenHouse Gas emissions; increased reliance on sustainable and renewable energy sources to 65%; achieving 10% reduction in energy intensity; 75% sustainable packaging material; and zero waste-to-landfill of coir-based material.
“The Entwine ESG Framework strengthens our existing link between environmental stewardship and economic success, and represents our commitment towards our sector’s journey to integrate ESG principles deeply within our operations, to ensure that as we continue to grow and innovate, we also ensure that we have a lasting positive impact on our planet, our people, and our future,” Eco Solutions Managing Director, Rajeeve Goonetileke said.
With a rich heritage spanning 146 years, the Hayleys Eco Solutions Sector is Sri Lanka’s foremost manufacturer and exporter of coconut fibre-based products. Offering an expansive portfolio, the sector delivers innovative, sustainable, and high-quality products for diverse applications in both domestic and industrial spheres.
OSL take:
With Sri Lanka on the path to becoming a regional hub, there’s a growing focus on achieving sustainable development goals. Hence, there’s much focus on environment, social and governance responsibilities. The ongoing economic activities and the overall expansion of thr country’s economy have resulted in the growing business/investment opportunities in environment solutions. Sri Lanka’s private and public sectors are focused on achieving sustainable development goals and being on par with the evolving global trends. Given the expanding opportunities in Sri Lanka’s sustainable development goals, the country’s corporate sector is open for foreign collaborations to achieve targets and receive introductions to the evolving trends.
| Article Code : | VBS/AT/20240404/Z_4 |