ACCA sustainability reporting awards celebrate transparency, accountability
View(s):Sri Lanka’s most transparent, accountable and responsible entities will be rewarded for the 11th year in succession, when ACCA (the Association of Chartered Certified Accountants) Sri Lanka hosts the ACCA Sustainability Reporting Awards on February 24th at Cinnamon Grand, Colombo.
With Deputy Minister of Highways, Higher Education and Investment Promotion Eran Wickramaratne as Chief Guest and Country Manager for Sri Lanka and the Maldives of IFC Adam Sack as Guest of Honour, this year’s awards spotlight seven categories in addition to rewarding an overall winner and runner up, the UK-based professional accounting said this week in a statement.
“The categories, namely Conglomerates and Diversified, Banking, Financial Services and Insurance, SME (turnover less than Rs.1 billion), Retail and Trading, Leisure and Connected Services and General Services and Utilities is a new approach, moving away from the traditional classification of large, medium and small businesses. Last year, it was John Keells Holdings that emerged as the country’s most transparent and accountable business entity bagging the accolade of overall winner, while Diesel and Motor Engineering PLC (DIMO) was adjudged as overall Runner-up, in addition to seven category winners,” the statement said.
“Recognising the growing need for organisations to be responsive to their stakeholders, to be responsible and accountable for their impacts on society and the environment, ACCA Sri Lanka pioneered the Sustainability Reporting Awards in 2004,” explained President Member Network Panel of ACCA Sri Lanka Danushka Samarasinghe. “The aim is to steer Sri Lankan entities to be more attuned to the global nature of the world economy. This emphasis has reaped in rewards and a definite positive development to stakeholder relations, with the comprehensiveness, credibility, quality and communication of the reports in Sri Lanka assessing and managing their sustainability impacts more consistently within their supply chain.”