Siddhalepa rated ‘Gold in Corporate Accountability’

Siddhalepa has excelled in all key attributes of Corporate Accountability to merit gold status in the country’s first “Report Card” presented by LMD - Sri Lanka’s leading business magazine.

“We are delighted to have been selected for “gold status” in this bench-marking exercise undertaken by Sting Consultants to provide a rating that reflect the holistic nature of companies’ accountability status,” a media release from the company said.

The evaluation was done on seven major attributors namely corporate values, identifying risks and opportunities, Policy coverage, stakeholder engagement, management and measurement, workplace practices and public disclosure.

The rating system is designed on assessing the performance of individual business and its commitment to implement processes and systems through a strategic operation model.

The corporate values of Siddhalepa included continuous innovation, adherence to cultural values and strong commitment to customer satisfaction.

Siddhalepa has moved seamlessly into a modern health and wellness business keeping the centuries old system of medicine intact and is confident that this can be sustained for future generation as well. One of the key areas of focus for Siddhalepa in the sphere of Corporate Accountability is its own version of sustainability one with a Sri Lankan flavour.

In identifying the opportunities, Siddhalepa was the pioneer in manufacturing and marketing natural and Ayurvedic preparations on commercial scale dating back to early 1970s.

Siddhalepa has reached every temple and school in the island through its CSR and environment protection policies, which have been an integral part of the Siddhalepa ethos.

Its dental clinics conducted at various schools in rural areas and herbal garden projects have been highly commended by the public. Siddhalepa CSR has been an example for other business organisations too.

Siddhalepa has been maintaining a strong relationship with its stakeholders and provides management training and hands on experience to an islandwide network of retailers and wholesalers to improve their performance.

It supports growers who supply raw materials for its products and sees to it that only environmentally and socially acceptable materials are used in the manufacturing process.

This ranking is a very good platform for Siddhalepa to exhibit its concern for customers. Since 1978, to strengthen the relationship with the end users Siddhalepa has been carrying out regular welfare programs and consumer research at Sripada.

The company provides free meals, housing loans, medical and insurance facilities to its staff and contributes to their family needs, the release said.