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MAS Holdings
The Year in Review

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
2020

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
2021 – 2022

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
2023 – 2024

Scaling Impact

  • Acceleration of renewable energy and operational efficiency
  • Strategic investments and partnerships in circular materials
  • Strengthening of transparency, disclosures, and value chain integration
2025

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
2025 ONWARDS

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

Milestones Across Our Plan for Change

PRODUCTS CHANGED FOR GOOD

2020

  • Embedded sustainability into product strategy, advancing early adoption of sustainable materials and circular design principles

2021

  • Progressed development of sustainable material pathways and product innovation frameworks

2022

  • Strengthened integration of preferred and lower-impact materials across product portfolios

2023

  • Investment in HeiQ AeoniQ, advancing next-generation sustainable materials

2024

  • Offtake agreement with Ambercycle, supporting textile-to-textile circularity

2025

  • Progressed customer-led collections using circular materials developed with other innovation partners.

  • Completed wearer trials using AeoniQ fabrics

LIVES CHANGED FOR GOOD

2020

  • Introduced the Supported Employment Process for persons with disabilities

  • Launched the Social Sustainability Score Tool to strengthen impact measurement

20202021

  • Introduced crisis response protocols to safeguard employee wellbeing during COVID-19, including privately managed care centres and structured health guidelines

2021

  • Expanded structured social impact and inclusion programmes across operations

2022

  • Mobilised crisis response during the economic downturn, including:

    • Sisu Diriya initiative supporting employees’ children through provision of books and stationery
    • Contribution of Rs. 100 million to the Manudam Mehewara national initiative via the Sarvodaya movement
    • Distribution of dry rations to employees and third-party service providers
  • Expanded diversity and inclusion scope to include SOGIESC, strengthening inclusive policies and workplace practices

  • Introduced MAS DNA ethics hotline enabling confidential reporting of workplace violations

  • Strengthened monitoring and evaluation of social initiatives and workforce programmes

2023

  • Continued scaling of inclusion, community engagement, and employee support initiatives across facilities

  • Launched Women’s Development Networks

20232024

  • Delivered Certificate-level Team Leader / Group Leader (TL/GL) Technical Skills Development Programme (Batch 6), achieving 89% completion and 100% retention post-certification

2024

  • Enhanced social performance tracking and programme integration across the organisation

  • MOU signed with UNFPA on Women’s Health & Wellbeing

2025

  • Increased Career-to-Competency (C2C) mapping coverage for Executive & Above roles to 81%, with a target to exceed 90%

  • Trained 6,161 employees, including female workforce segments, through structured capability-building initiatives

  • Achieved sustained progress in gender representation:

    • Women in Management increased to 26% (from 21% in 2019)
    • Board representation increased to 21% (from 8% in 2018)
  • Strengthened external leadership in inclusion through UNGC Network Sri Lanka’s D&I Working Group as its Patron, and hosted a PRIDE Month panel on “Advancing LGBTQIA+ Inclusion in Corporate Policies”.

  • Led disaster response efforts following extreme weather events, rehabilitating 857 employee homes

  • Awarded Gold DEI Champion of the Year (CIMA–JXG Pinnacle Awards)

  • Rolled out Community Satisfaction survey for Community Engagement Model across all facilities

20242025

  • Assessed 1,851 employees to evaluate role-specific technical capabilities, identifying a 28% technical gap

20242025

  • Introduced five standardised technical training programmes (Cutting, Quality, Product Assembly, Embellishment, Material Tech), with rollout continuing beyond 2025, enabling consistent delivery of technical knowledge across manufacturing entities

Institutionalised an enterprise-wide Disaster Management Model, supporting employees and communities through COVID-19, the economic crisis and flood events

Recognised with 21 Gold Awards in the Achievement category by RoSPA (The Royal Society for the Prevention of Accidents)

OUR PLANET CHANGED FOR GOOD

2020

  • Established climate and resource efficiency baselines, initiating structured action on emissions, energy, water, and waste

2021

  • Strengthened environmental data systems and expanded renewable energy and efficiency initiatives

2022

  • Advanced resource efficiency programmes and expanded environmental compliance across operations

  • MAS Fabrics Intimo became a bluesign® System partner in 2022

2023

  • Initiated monitoring of chemical and wastewater compliance across the raw material supply chain

  • MAS Fabrics Intimo became a bluesign® article delivering facility in 2023

2024

  • Expanded adoption of bluesign® system partnerships across operations

2025

  • Achieved 25.2% reduction in Scope 1 & 2 emissions (SBTi-aligned near-term target)

  • Secured validation for long-term SBTi Net-Zero target

  • Achieved 40% reduction in water intensity (textiles)

  • Progressed Non Hazardous Waste Value Enhancement as 76.9% extending 100% target to 2030

  • Achieved CDP ‘B’ rating (Climate), ‘B-’ (Water) and ‘A’ rating for Supply Chain Engagement

Restored 25,811 acres, exceeding our global operational footprint and surpassing our biodiversity target (1:100 goal)

Awarded Gold for ESG Sustainability Champion of the Year at the CIMA–JXG Pinnacle Awards 2025

recognising our collective efforts across Product, Lives, and Our Planet