Sustainability Reporting Awards today

Thursday, 24 February 2011 00:47 - - {{hitsCtrl.values.hits}}

THE country’s pioneering Sustainability Reporting Awards organised by ACCA Sri Lanka will reward the country’s most transparent corporates today.

The awards will be presented under the aegis of Chief Guest, Sri Lanka’s first and only Nobel prize winner, Co-Laureate 2007 Nobel Prize for Peace (Vice Chair,

IPCC-AR4), Professor of Sustainable Development, University of Manchester UK, Chairman of the Munasinghe Institute for Development (MIND) Colombo and internationally renowned expert on energy, climate change and sustainable development Professor Mohan Munasinghe; and Guest of Honour, President ACCA Mark Gold. 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 30 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 just this year into the awards portfolio.

Past winners include Ceylon Tobacco Company, John Keells Holdings, HNB, Diesel & Motor Engineering Company, Holcim Lanka, Chemanex, HNB Assurance 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 adhoc philanthropy.

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