Financial Times

ACCA launches 2nd sustainable reporting awards
ACCA Sri Lanka last week said its second Sustainability Reporting Awards would be presented in March 2006 with submissions closing on December 20.
The organisation has invited applications from companies large scale or SMEs to compete on issues of sustainability that are now a priority in business values and ethics.

The 2006 awards are open to all types of organisations or industries, with an option of submitting entries in any format including information from an organisation’s website, which is an increasing trend in today’s context. Last year’s winners were Ceylon Tobacco Company Ltd while Ranweli Holiday Village received a commendation for integration of business within the immediate environment and Atiken Spence Hotels Ltd received a commendation for integration of environment within business operations.

The ACCA Sustainability Reporting Awards are already functional in Australia, Canada, Hong Kong, Ireland, Malaysia, New Zealand, Pakistan, Singapore, South Africa, Sri Lanka, the UK and the USA with similar awards, largely based on the ACCA criteria, existing in Belgium, Denmark, Finland, France, Germany, Holland, Italy, Luxembourg, Norway, Portugal, Spain, Sweden and Switzerland.
Environmental, social and sustainability reporting however is still in its early stages in Sri Lanka and of a relatively poor standard except for a handful of multinational companies following their parent company guidelines in social reporting by producing stand alone social reports.

ACCA Manager Sri Lanka Ajitha Perera said the awards will create a greater depth and breadth of reporting that conforms to international guidelines and best practice frameworks, which will soon become imperative in the country’s roadmap for development. Further details on the awards could be obtained from Ajitha Perera at 2688593 or ajitha@acca.lk

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