Softlogic Life ranked Sri Lanka’s 7th most transparent company

Softlogic Life has been ranked as the 7th most transparent listed company on the Colombo Stock Exchange as well as the most transparent insurance company in Sri Lanka by Transparency International Sri Lanka (TISL) in its latest report titled ‘Transparency in Corporate Reporting (TRAC): Assessing the Top 50 Listed Companies in Sri Lanka’. 
Softlogic Life has scored a TRAC score of 7.9, making it the only insurance company in Sri Lanka to be included in the top 10 list.
TISL’s report ranks companies on three different thematic areas related to corporate reporting: anti-corruption programmes, transparency in company holdings and the disclosure of key financial information in domestic operations. The research found that the average Top 50 listed company in Sri Lanka is moderately transparent with a score of 6.73 out of a possible maximum of 10.
In a media release, Softlogic said its Life’s Integrated Annual Report provides a comprehensive and concise account of how the company has created value for its stakeholders in each financial year. Guided by integrated thinking, Softlogic Life began its integrated reporting journey in 2013, issuing Integrated Annual Reports in line with International Integrated Reporting Council (IIRC) framework, combining non-financial information with the company’s regular financial reporting. 
“We are indeed honoured to be ranked as the top insurance company in Sri Lanka in TISL’s first ‘Transparency in Corporate Reporting’ survey, for the continuous measures we have taken to uplift transparency in our corporate reporting,” said Softlogic Life Managing Director Iftikar Ahamed. “Transparency in corporate reporting holds the key to earning the trust of investors and other stakeholders. Global data highlights that growth of investors’ demands for more transparency and actionable insights from company reports.