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'Rewarding transparency':
ACCA reporting awards on Feb 14
Billed as a tool in making business run better in the 21st century,
sustainability reporting spurs organisations to measure, monitor and
report on their actions and impacts on stakeholders. As a means of being
more transparent and accountable in economic, social and environmental
spheres, sustainability reporting is a more holistic improvement on the
long practised environmental reporting practices which began life in the
1980s with publications mooted by chemical industries. Sustainability
Reporting, in its more modern sense, now encompasses GRI guidelines,
which, spearheaded by ACCA around the world, encourages both public and
private sector organisations to report on their systems, processes and
initiatives on the three sustainable development platforms, with more
transparency and accountability.
The ACCA Sri Lanka Sustainability Reporting Awards takes place on
February 14th at Cinnamon Grand under the aegis of Chief Guest Diarietou
Gaye, Country Director for Sri Lanka and the Maldives of the World Bank
and Guest of Honour, Lucia Real-Martin, Director for Emerging Markets ?
Asia. Firmly embedding the tenets of transparency and accountability
into the reporting process prevalent within the corporate and public
sectors of Sri Lanka, ACCA has for the last seven years steadily
rewarded transparency, based on the GRI guidelines and triple bottom
line reporting.
In addition to conferring the prestigious awards on companies who
have conformed to these reporting guidelines in the small, medium and
large sectors, ACCA also rewards runners up worthy of commendation as
well as honours first time entrants with a special award. Last year,
John Keells Holdings won in the large category, while HNB emerged as the
First Runner Up and Sampath Bank gained a commendation. In the medium
category, Aitken Spence Hotel Holdings and DIMO were adjudged Joint
Winners, with People?s Leasing Company obtaining a commendation. HDFC
Bank, the winner in the small scale category was also presented the
winning award in the First Time Entrant category, while HNB Assurance
became Runners Up in the small sector.
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