ACCA Sustainability Reporting Awards on Feb 20
Working on the concept that businesses perform better by using
sustainability reporting as a tool to measure, monitor and report
entities' actions and the impacts those actions have on stakeholders,
this milieu is one that has gained momentum each year, with the ACCA Sri
Lanka Sustainability Awards. This year, on February 20, over fifty
companies from small to medium to large and extra large would, as a
means of being more transparent and accountable in economic, social and
environmental spheres, vie for the coveted awards at the annual awards
ceremony organised by ACCA Sri Lanka.
The Chief Guest would be the Country Director of the Asian
Development Bank, Rita O'Sullivan, while the Guest of Honour is ACCA's
Executive Director Markets, Stephen Heathcote. The awards have been
endorsed by the Ministry of Environment and Global Compact Network
Ceylon.
ACCA Sri Lanka, has for the last nine years, firmly embedded the
tenets of transparency and accountability into the reporting process
among the corporate and public sectors of Sri Lanka.
Last year, Sri Lanka's most transparent and accountable business
entities were John Keells Holdings, Aitken Spence Hotel Holdings and
HDFC Bank, crowned as winners in the large, medium and small sectors
respectively, while Janashakthi Insurance earned kudos as a First Time
Entrant.
The runners up in the three categories were Diesel & Motor
Engineering Company, Union Assurance and HNB Assurance, while People's
Leasing Company gained a commendation in the medium category.
ACCA Sri Lanka builds on the fact that sustainability reporting is a
more holistic improvement on the long practiced environmental reporting
practices, which began in the 1980s, which this year moved further into
transforming the reporting process with emphasis on integrated
reporting, added to the focus on GRI Guidelines and triple bottom line
reporting.
The ACCA Sustainability Reporting Awards are held in a number of
countries including 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.
Comprehensiveness, credibility and communication, identifying and
rewarding innovative attempts to communicate corporate performance are
all aligned to the sustainability concept in order to reward the most
transparent and accountable entities. |