Ceylon Biscuits Ltd won the coveted ‘Best Corporate Citizen Sustainability Award 2020’ an annual event organized by the Ceylon Chamber of Commerce to recognize sustainable champions of the local corporate world, while Aitken Spence PLC and Commercial Bank of Ceylon PLC became the first and second runner up of the competition, respectively.
Dilmah Ceylon Tea Company PLC won the less than Rs. 15 Billion Annual turnover ‘Best Corporate Citizen Sustainability Award 2020’ under ‘Category B’, the chamber said in a statement on Thursday adding that the physical awards ceremony will be held later in view of the COVID-19 pandemic..
The 10 best sustainable corporates that have performed with outstanding sustainability initiatives under both ‘Category A & B’ were recognized with these awards. Aitken Spence PLC, Bank of Ceylon, Ceylon Biscuits Ltd, Citizens Development Business Finance PLC, Commercial Bank of Ceylon PLC, Dilmah Ceylon Tea Company PLC, Hatton National Bank PLC, National Development Bank PLC, Nestlé Lanka PLC and Sri Lanka Telecom PLC were recognized as the top ten corporate citizens of 2020.
The triple bottom-line awards recognizes the corporates who have performed best in the three sustainability pillars; Planet (Environmental Sustainability), People (Social Sustainability) and Profit (Economic Sustainability). Accordingly, Aitken Spence PLC won two Triple Bottom Line Awards for its effort on Environmental Sustainability and Social Sustainability, while Bank of Ceylon was awarded for its actions on Economic Sustainability.
Under Category Awards, Aitken Spence PLC, won the award for Environmental Integration for its corporate policies and business practices towards the Environment and Social sustainability as well as the award for Environmental Commitment for the priority and assignment of suitable individuals to manage and sustain such policies and practices.
“Dilmah Ceylon Tea Company PLC, won the Award for Environment Beyond the Business, for being responsible to go an extra mile to safeguard the environment and ensure a cleaner and greener future with the engagement of related community parties and another award for Customer Relations for the continuation to set the benchmark for working with all its stakeholders as key partners to achieve its end goals in an engaging and strategic manner,” the statement said.
Bank of Ceylon won two category awards namely Employee Relations Award for maintaining sustainable standards towards its employees in all aspects and showing employee engagement in their sustainability practices and also an award for Financial Performance for admirable achievements of profitability and return to shareholders, with a prudent and sustainable view on financing and liquidity.
Nestlé Lanka PLC was awarded for Community Relations for necessary actions taken to make corporate community relations activities the golden key to the Success of Corporate Social Responsibility.
Commercial Bank of Ceylon PLC was awarded for Governance for displaying high standards of governance in the structure and composition of their Board and Board Committees, their practices to ensure ethical behaviour and their reporting to shareholders.
The award for Economic Contribution was won by Sri Lanka Telecom PLC for facilitating job creation and transformation of remote regions of the country, supporting economic and social development through rural credit and SME and micro-finance programs designed to advance rural economies.
Sector Based Sustainability Champions
The sector awards recognize the best sustainability performance in sectors that each corporate represents. These awards were won by Access Engineering for the Construction Sector, Commercial Bank of Ceylon PLC for Finance Sector, Ceylon Biscuits Limited for Manufacturing sector, Aitken Spence PLC for Diversified Holdings while Sri Lanka Telecom PLC won a ‘Sector ‘award under the ‘Other’ category.
Consistent Commitment and Continuous Improvement
Category Awards for consistent commitment and demonstrated improvement, selected from corporates that participated in The Best Corporate Citizen Sustainability Award process at least three years during the last five years. Aitken Spence PLC won most of the Consistent Commitment and Continuous Improvement certificates such as Environmental Commitment, Environmental Integration, Environment Beyond the Business, Employee Relations and Customer Relations. Community Relations certificate was awarded to People's Leasing and Finance PLC, Governance certificate was awarded to National Development Bank PLC, Financial Performance certificate was awarded to Sirio Ltd and Economic Contribution certificate was awarded to Hatton National Bank PLC
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