Business Times

Rewarding transparency the ACCA way

With transparency and accountability now firmly embedded in the annals of sustainability reporting in Sri Lanka, ACCA is now preparing for its 7th Sustainability Reporting Awards to be held on February 24 in Colombo.

The high profile event showcases the importance of sustainability reporting, building on the GRI guidelines and triple bottom line reporting, the organisation said. Every year, the prestigious awards are conferred on companies who have conformed to reporting guidelines in the small, medium and large sectors, in addition to companies who are worthy of runners up accolades.

Receiving these accolades as winners last year was HNB in the large category, DIMO in the medium category and HNB Assurance in the small category. CTC and John Keells Holdings emerged Joint Runners up in the large category, while in the medium and small categories, Union Assurance and Chemanex came in as runners up, respectively. This year, ACCA plans on adding a new award to the categories, namely- a company that has embarked on Sustainability Reporting as a first time initiative, ACCA said.

As ACCA Sri Lanka President, Nisreen Rehmanjee says, “The ACCA Sri Lanka Sustainability Reporting Awards recognises the need for full integration of the sustainability principles within an entity’s business strategy and rewards transparency in reporting of the same in accordance with established guidelines according to globally benchmarked criteria. We will continue to promote this view as we firmly believe that it is in the best interests of our country and the future generations that we take a holistic approach to sustainability rather than a piecemeal approach based on initiatives”.

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