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Sustainability Awards

Feb 19, 2011 2:19:13 PM - thesundayleader.lk

With transparency and accountability embedded in Sri Lanka’s sustainability reporting annals, ACCA is now preparing for the seventh ACCA Sustainability Reporting Awards to be held at the Cinnamon Grand on Thursday.
The high profile event showcases the importance of sustainability reporting building on the GRI guidelines and triple bottom line reporting.   Chief Guest will be 2007 Nobel Peace Prize Co-Winner  (IPCC-AR4 Vice Chair) Manchester University UK Sustainable Development Professor Mohan Munasinghe who is also Peking University’s Guest Professor and Munasinghe Institute for Development, Colombo Chairman.
Also attending as Guest of Honour will be ACCA global President Mark Gold.
Every year prestigious awards are conferred on companies which have conformed to reporting guidelines in the small, medium and large sectors coupled with runners up accolades.  Gaining these kudos 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 Union Assurance and Chemanex came in as runners up in the medium and small categories respectively.
This year ACCA plans on adding a new award to the categories, namely one a company that has embarked on Sustainability Reporting as a first time initiative.
The awards, which is a global initiative and is based on judging guidelines established by ACCA worldwide is currently held in over 25 countries and is open to any type of organisation encompassing all business sizes.  Comprehensiveness, credibility and communication, identifying and rewarding innovative attempts to communicate corporate performance which are all aligned to the sustainability concept are a part of the marking scheme.  As ACCA Sri Lanka President Ms. Nisreen Rehmanjee says, “ACCA Sri Lanka Sustainability Reporting Awards recognises the need for sustainability principles integration 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 shall continue to promote this view as we believe that it is in our country’s future generations’ interest that we take a holistic approach to sustainability rather than a piecemeal approach based on initiatives.”
The ACCA Sustainability Reporting Awards are already functional in Australia, Canada, Hong Kong, Ireland, Malaysia, New Zealand, Pakistan, Singapore, South Africa, Sri Lanka, UK and USA with similar awards, largely based on the ACCA criteria, existing in Belgium, Denmark, Finland, France, Germany, Holland, Italy, Luxembourg, Norway, Portugal, Spain, Sweden and Switzerland.