MAS Holdings · Impact Report 2025
Change in Progress
Reshaping our impact across products, lives and the planet — a look at how MAS Holdings is turning intent into measurable progress.
The metaphor
Change in Progress
Transformation does not happen overnight. It unfolds through stages of reflection, adaptation and growth, gradually shaping something stronger and more resilient. This year, we draw inspiration from the lifecycle of a butterfly, symbolising the journey of transformation MAS has undertaken through its Plan for Change. Over the past five years, ideas have taken root, efforts have compounded, and people and processes have evolved with purpose. As a result, the organisation has become stronger, more agile, and better prepared for what lies ahead. The emergence of the butterfly reflects the progress achieved through years of learning, collaboration and commitment.
More importantly, it signals the beginning of the next phase of our journey. As we take flight, it is our intention to build on what has been achieved, accelerate momentum and move forward with greater ambition.
Because at MAS, change is never complete.Ours is a story of change in progress.
The MAS Story
A Journey of Transformation
Every transformation has a beginning.
For MAS, that journey began decades ago when Mahesh Amalean, Ajay Amalean and Sharad Amalean set out with a simple, yet ambitious idea: that Sri Lanka could build a world-class apparel industry rooted in craftsmanship, innovation and strong values.
What began as a small manufacturing venture has grown into a two-billion-dollar global apparel technology and manufacturing leader, partnering with many of the world's most recognised brands.
Thejourneycontinues…
Our Global Reach
Connecting People, Ideas and Opportunity
Building on decades of growth, MAS today operates across a global network of manufacturing facilities and design hubs, bringing together talent, partnerships, capabilities, and expertise to support leading apparel brands worldwide.
0
Employees across the Group
0
Countries with MAS operations
0
Manufacturing facilities and design hubs
0+
Global brand partnerships
0years
Industry leadership in apparel manufacturing
The Plan for Change
Turning Ambition into Action
Launched in 2020 as a five-year roadmap to 2025, the Plan for Change outlines MAS' commitments to drive sustainable progress across our products, people and the planet.
Through experimentation, collaboration and sustained commitment, progress has taken shape across three interconnected areas of focus. Together, these pillars guide transformation across the MAS value chain, spanning design and materials to manufacturing operations and community impact.
ProductsChanged for Good
LivesChanged for Good
Our PlanetChanged for Good
Suren Fernando
Group CEO
“Sustainability is a defining force that shapes how we position ourselves for the future.”
Sustainability: A Strategic Imperative
Today, sustainability is fully integrated into how we operate as a business. While it has long been so, it is now a defining force that shapes how we position ourselves for the future, determining how we compete, respond to external shifts, and allocate capital across our operations.
In an environment shaped by evolving customer expectations, tightening regulatory requirements, and increasing pressure on global value chains, sustainability has become a key driver that enables us to build resilience and differentiate ourselves. It informs the choices we make, particularly across product development, partnerships, and investment, and ensures that we remain relevant in a rapidly changing landscape.
Message from
Amanthi Perera
Head of Sustainable Business
“Real change can only be achieved by combining our strengths.”
From Intent to Impact
Over time, the Plan for Change has shifted how we have embedded sustainability across our processes. What we once achieved through individual initiatives is now more closely integrated into how we operate. Today, rather than being considered in isolation, sustainability considerations shape decisions, partnerships, and the way we work from day to day.
One of the more important developments has been in how we view our role as a manufacturer. Traditionally, we responded to the requirements of our customers. Today, we are more involved in shaping those decisions – engaging with value chain partners and customers to influence choices, invest in next-generation solutions, and support the adoption of more sustainable products. This has strengthened how we work together to achieve industry progress, while supporting a wider transition towards more sustainable apparel.
Performance Highlights
Products
Changed for Good
Advancing our sustainable products agenda
0%
revenue generated through sustainable products
Increased 6% (2024: 40%)
Closing the loop
0%
of our primary products included recycled input materials
Decreased 7% (2024: 22%)
Lives
Changed for Good
Empowering women in management
0%
women in management positions
Sustained at 26%
Investing in community initiatives
0.0million
opportunities created
Decreased 14.3% (2024: 2.1 million)
Empowering persons with disabilities
0
persons with disabilities employed
Decreased 3.89% (2024: 453)
Our Planet
Changed for Good
Reducing emissions in line with our SBTi commitment
0.00%
decrease in absolute emissions (Scope 1 & 2), against 2019 baseline
Decreased 1.40% (2024: 24.04%)
Inspiring decarbonisation across the apparel value chain
0%
suppliers by spend committed to science-based targets
Increased 8% (2024: 45%)
Enabling the energy transition
0%
of our energy from renewable sources
Increased 3% (2024: 39%)
Upholding our commitment to responsible chemical use
99%
ZDHC MRSL compliant chemicals
Increased 3% (2024: 96%)
97.2%
bluesign® approved chemicals in Dye houses
Increased 3.6% (2024: 95.4%)
Scaling-up our biodiversity conservation efforts
25,811acres
restored or under conservation
Increased 30% (2024: 19,927 acres)
103X
the space we occupy
Increased 30% (2024:79x)
Driving waste value enhancement and transforming waste streams
76.9%
of waste value enhanced
Increased 0.7% (2024: 76.2%)
99%
of waste diverted from landfills
Sustained at 99%
Practicing sustainable water management
40.3%
reduction in textile production water intensities (vs. 2011 baseline)
Decreased 9.7% (2024: 50%)
316.4ML
water recycled, reducing freshwater demand by 11.69%
Increased 60% (2024: 198 ML)
MAS Foundation for Change
Driving positive change through the MAS Foundation for Change
0.0Mn kg
annually captured floating waste through Ocean Strainers
Increased 7.7% (2024: 2.6 Mn kg)
Our Sustainability Journey
The Journey so Far
Before 2015
Foundation of Doing the Right Thing
- Early adoption of ethical manufacturing practices
- Focus on employee wellbeing and progressive workplace standards
- Initial investments in resource efficiency and compliance systems
2015 – 2019
Embedding Sustainability
- Integration of sustainability into core operations and strategy
- Expansion of environmental management systems and certifications
- Strengthening of community engagement and social responsibility programmes
- Early progress in sustainable product innovation and material sourcing
Launch of Plan for Change
- Introduction of Group-wide sustainability goals across Product, Lives, and Planet
- Shift from an initiative-based approach to a target-driven approach
- Community Engagement Model Activation
Building the Framework
- Establishment of baselines, measurement systems, and governance structures
- Increased adoption of global frameworks and certification systems
- Early momentum in renewable energy, waste, and social impact tracking
Scaling Impact
- Acceleration of renewable energy and operational efficiency
- Strategic investments and partnerships in circular materials
- Strengthening of transparency, disclosures, and value chain integration
Advancing Towards Targets
- Achievement of key milestones across climate, circularity, and social impact
- Progress towards SBTi-aligned emissions reduction
- Strengthened inclusion, community impact, and ESG recognition
Accelerating Impact and Elevating Ambition
- Scaling proven sustainability initiatives across operations and the value chain
- Embedding science-aligned targets, KPIs and data-driven decision-making to elevate performance
- Transitioning towards a regenerative and resilient business model
Closing Chapter
THE NEXT
PHASE BEGINS…
The Plan for Change 2030
As we approach the conclusion of our 2020–2025 Plan for Change, we are entering a new phase in our sustainability journey — building on the progress achieved while responding to a rapidly evolving global context.
Over the past five years, we have strengthened our foundations across renewable energy, sustainable materials, circularity, and social impact. At the same time, rising climate urgency, shifting regulations, and increasing stakeholder expectations are reshaping what is required of us.
Recognising that change is an ongoing process, 2025 marks the formal launch of our Plan for Change 2030 — our next phase of ambition.
The full report
Download the MAS Holdings Impact Report 2025
Prepared in accordance with the GRI Standards and independently assured. Get the complete report, data tables and disclosures as a PDF.