CDB recognised at ACCA Sri Lanka Sustainability Reporting Awards 2019

Wednesday, 18 March 2020 00:43 - - {{hitsCtrl.values.hits}}

Standing from left: ACCA Sri Lanka Member Network Panel Chairman Suren Rajakarier, CDB Manager Sustainability Aroshi Ranatunga, British High Commissioner to Sri Lanka Sarah Hulton OBE and Head of ACCA Sri Lanka and Maldives Nilusha Ranasinghe

CDB emerged Runners-Up at the recently concluded ACCA Sri Lanka Sustainability Reporting Awards in the Finance Service and Insurance category for the year 2019. Having previously won the accolade for four consecutive years, CDB continues to strengthen its position as one of the top five non-banking financial institutions in Sri Lanka.

In its 16th iteration this year, the ACCA Awards recognise organisations which report and disclose sustainability information, encourage the uptake of environmental, social and sustainability reporting, while raising awareness of corporate transparency issues and increasing accountability for responsiveness to both internal and external stakeholders.

The ACCA Sri Lanka Sustainability Reporting Awards are judged on set criteria that include credibility, comprehensiveness and communication of the Annual Reports and are in line with the Global Reporting Initiative (GRI) guidelines for sustainability reporting. The categories/industries for awards include, Banking, Financial Services & Insurance, General services (Utilities), Conglomerates & Diversified, Leisure & Connected Services, Retail & Trading and Small and Medium Enterprises.

Sustainability is considered at the core of CDB’s business model, CDB continues to showcase their unwavering commitment towards corporate sustainability in its social, environmental and economic interactions whilst striving towards sustainable development by integrating the core characteristics of transparency and accountability throughout their business processes.

Citizens Development Business Finance PLC (CDB) is a public quoted leader, standing among the top five largest Non-Banking Financial Institutions in Sri Lanka with an islandwide branch network of 71 driven by a state-of-the-art technological platform that has revolutionised the way financial transactions are performed in the country.