CMA Excellence in Integrated Reporting Awards 2019

• For ‘Ten Best Integrated Reports, Overall, Sector, Special’ 
• Closing date for application 12 July

The Institute of Certified Management Accountants of Sri Lanka (CMA) invites all the Sri Lankan business institutions including public quoted companies, private and state-owned enterprises, small and medium enterprises to apply for the ‘CMA Excellence in Integrated Reporting Awards 2019’ competition which is organised for the fifth consecutive year. 

The awards ceremony will be held on 9 September at Hotel Taj Samudra in line with the ‘CMA National Management Accounting Conference 2019 and Commonwealth Accountants Conference’ and inaugural meeting of the Commonwealth Accountants Association. The theme of the conference is ‘Sustainability Development Goals Agenda 2030 – The Role of the Professional Accountant’ and technical sessions will be held on 10 September. An international workshop on ‘Practical Aspects of Integrated Reporting’ will be held on 11 September.

The keynote speaker at the event will be Prof. Mervyn King Chair Emeritus of the International Integrated reporting Council (IIRC) London, the Global Reporting Initiative (GRI) Amsterdam, a member of the Private Sector Advisory Group to the World Bank, former judge of the Supreme Court of South Africa, Chair of the Integrated Reporting Council and Chair of the Integrated Reporting Committee of South Africa. 

The closing dates for submission of applications are as follows: 

•  July 2019 (Extended date) – Institutions whose financial year ends on 31 December 2018 which includes Banks and other institutions.

• 12 July 2019 – Institutions whose financial year ends on 31 March 2019.

This year much recognition has been given to Integrated Reporting with the Colombo Stock Exchange (CSE) being the Supporting Partner for CMA excellence in Awards and Deakin Business School sponsoring the ‘Merit Award for Integrated Thinking’. 

This year CMA has expanded this competition to a wide range of business sectors to provide recognition and awards and will include the following: 

Sector Awards:

• Banking
• Finance and Leasing
• Insurance
• Manufacturing Industry 
• Trade and Commerce
• Diversified Holdings
• State Owned Enterprises/Companies
• Hotels and Travels
• Plantations
• Healthcare
• Power and Energy
• Small and Medium Enterprises
• Non-Governmental Organisations (NGOs)/Not for Profit Organisations (NPOs)/Chambers of Commerce/Educational Institutes

The most outstanding Integrated Reports will receive the: 

• 10 Best Awards
• Overall Winner – Gold Trophy
• Overall 1st Runner up – Silver Trophy
• Overall 2nd Runner up – Bronze Trophy
• Merit Award for Integrated Thinking (Sponsored by the Deakin Business School, Australia)
• Certificates of Merit

Special Awards:

• Conciseness
• Capitals
• Materiality
• Value Creation
• Strategic Focus
• Most Improved Integrated Report
• SDG Reporting
• Diversity Reporting

The evaluation will be carried out as per the framework issued by the International Integrated Reporting Council (IIRC) issued in December 2013 by the world body and will consist of an eminent international and local panel of judges.

A combination of Integrated Thinking and Integrated Reporting will result in the preparation of a concise integrated report and how an organisation’s strategy, governance, performance and prospects in the context of its external environment lead to the creation of value in the short, medium and long term. It is designed to benefit all stakeholders – including employees, customers, suppliers, business partners, local communities, regulators and policy makers interested in an organisation’s ability to create value over time. 

A key objective of is to enhance accountability and stewardship with respect to the broad base of tangible and intangible capitals and promote understanding of their interdependencies. will also promote the United Nations Sustainable Development Goals for fighting poverty, promoting sustainable development and improving global and local well-being. 

For submission of applications and any further information or clarifications, please contact Jinandi Chandraratne on 011-2506391 (Ext. 154) or at [email protected].