ACCA Sustainability Reporting Awards today

Tuesday, 14 February 2012 00:24 - - {{hitsCtrl.values.hits}}

The country’s pioneering Sustainability Reporting Awards organised by ACCA Sri Lanka will reward the country’s most transparent corporates today under the aegis of Chief Guest, Country Director for Sri Lanka and the Maldives of The World Bank Diarietou Gaye.

Guest of Honour is Lucia Real-Martin, Director for Emerging Markets – Asia ACCA.

The awards are developed and judged on global criteria developed by ACCA and are aligned to the Global Reporting Initiative (GRI) guidelines for sustainability reporting.

The awards are held in numerous countries around the world and tonight, eight more Sri Lankan companies will join the ranks of the most transparent companies in the world.

One organisation will also win the First Time Entrant award, introduced by ACCA last year into the awards portfolio.

Past winners include Ceylon Tobacco Company, John Keells Holdings, HNB, Diesel & Motor Engineering Company, Holcim Lanka, Chemanex, HNB Assurance, HDFC, Aitken Spence Hotel Management and Union Assurance.

The judging criteria split into three categories, looks at completeness, credibility and communication with all reports considered by a judging panel of independent experts in sustainability/environmental reporting disclosures.

The objective of the awards is to benchmark Sri Lanka’s business houses, both in the large and SME segments against global reporting guidelines, encouraging them to act more accountably and with greater transparency, building on the trusses of sustainable development rather than ad hoc philanthropy.