Aitken Spence ranks in top 3 best conglomerate brands 2020

Wednesday, 17 June 2020 01:35 -     - {{hitsCtrl.values.hits}}

Aitken Spence team



Aitken Spence was ranked among the top three best conglomerate brands 2020 compiled in a special edition by LMD. In the last rankings, Aitken Spence was ranked among the top 10 conglomerates and moved up six positions in 2020. The 17th annual review of Sri Lanka’s most valuable brands is produced through an in-depth analysis conducted by Brand Finance Lanka, a pioneering brand valuation and strategy firm. 

The organisation was rated based on the following attributes; corporate vision, reputation or image, degree of innovation and quality consciousness. Aitken Spence achieved a competitive score of 82.58 from 100.

During the financial year 2019-2020, Aitken Spence reached several milestones. Most notable is the company’s investment in Sri Lanka’s first waste to energy project; the plant is 88% complete and is expected to commence operations during 2020-2021, solving two national crises with one effective solution. Aitken Spence also introduced LEED certified architecture to Maldives with the launch of Heritance Aarah which is the first property in the Maldives to receive the Leadership in Energy and Environmental Design (LEED) Gold status.

Elpitiya Plantations PLC signed a memorandum of understanding (MoU) with Sim Leisure Group Ltd., a leading theme park developer and operator based in Penang, Malaysia, to set up a world-class theme park in the Galle district. 

“We have been at the forefront of pioneering sustainable investments in the country; using our expertise, investment capacity, access to technology and strong partnerships to be a catalyst for socio-economic progress. Moreover, having interwoven sustainability into our strategy for over a decade, we have made a mark of raising the bar for the country’s corporate sector. Continuing ongoing work and initiating new efforts, we invested Rs. 70 million towards sustainability processes and action plans in the financial year.

“We are the winner of the Best Corporate Citizen Sustainability Award for three successive years, while being the only company in Sri Lanka to be ranked among the Top 10 Best Corporate Citizens for an unprecedented 14 consecutive years. Aitken Spence PLC has consistently ranked among the Top 10 Most Respected Entities in Sri Lanka by LMD. These recognitions reflect our commitment and efforts to sustain the triple bottom line with emphasis on the fourth P which is processes. We are committed to contribute positively towards the sustainable development of Sri Lanka,” commented Aitken Spence PLC Deputy Chairman and Managing Director Dr. Parakrama Dissanayake.