Nawaloka Hospitals also went on to receive a Merit Award for Overall Integrated Reporting Practices.
Organised by the Institute of Certified Management Accountants of Sri Lanka (CMA), the awards ceremony, held for the eighth successive year, was introduced to promote both listed and unlisted Sri Lankan companies as well as state-owned enterprises and small and medium enterprises to undertake integrated reporting, for the benefit of both investors and stakeholders.
"Nawaloka Hospital's outstanding win at the revered CMA Excellence in Integrated Reporting Awards stands testament to the firm commitment that we have made to adhere to the highest standards of integrated financial reporting for many years now.
Integrated reporting is particularly important to healthcare companies as we deal in transparency, trust and social responsibility of the highest levels with all our stakeholders.
The COVID-19 pandemic only amplified this need for the disclosure of healthcare operations in both financial and non-financial terms.
I would like to congratulate and thank our deeply dedicated team for their proactive drive to produce such an exceptional Annual Report utilizing impactful, best-in-class financial reporting practices of international standards," Nawaloka Hospitals Chairman Dr. Jayantha Dharmadasa said of the victory.
The integrated reports are evaluated using guidelines applicable in the International <IR> Framework issued in December 2013.
The evaluation considers not only the accounting and financial information but also the non-financial information provided in <IR>.
Forty One companies had submitted applications and were reviewed by a competent evaluation panel and an eminent panel of international and local judges.
Nawaloka Hospital's Integrated Annual Report voluntarily embraces global benchmarks such as the ‘International <IIRC> Framework’ and the Global Reporting Initiative (GRI) Standard ‘Core’ options.
This is part of the company’s vision to share its journey of value creation with all its stakeholders by adopting the Six Capital Reporting Framework, under the Integrated Reporting Framework.
This past year also saw the Hospital Chain bag the highly coveted gold award for exceptional integrated financial reporting practices within the healthcare sector, at the CA Sri Lanka's 56th Annual Report Awards.
About Nawaloka Hospitals
Nawaloka Hospitals entered the state-dominated healthcare sector in 1985 as the first private hospital in Sri Lanka to offer tertiary healthcare services.
Since then, under the visionary leadership of Dr. Jayantha Dharmadasa, the hospital has garnered considerable local and international recognition, pioneering numerous advanced clinical developments in the country.
In 2020, Nawaloka Hospitals achieved the prestigious Joint Commission International’s (JCI) gold seal of approval for its continued compliance with internationally-recognized healthcare standards.
Nawaloka offers a 24-hour OPD centre, a state-of-the-art ETU facility, air and land medical evacuation services that include mobile ICUs and a home nursing unit offering professional in-home care services.
Equipped with the latest technology and affordable healthcare solutions of international standards driven by a passionate and professional team of the best consultants and nurses, Nawaloka Hospitals is fully committed towards the principal vision of building a healthier and stronger Sri Lanka.