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Aitken Spence PLC Crowned Overall Winner at the ACCA Sustainability Reporting Awards 2018

6 Jun

Leading blue-chip conglomerate Aitken Spence PLC was recently adjudged the ‘Overall Winner’ at the ACCA Sri Lanka Sustainability Reporting Awards 2018. ACCA Sri Lanka has felicitated Sri Lanka’s best sustainability reports for over 15 years.

In addition to receiving the most prestigious award of the event, Aitken Spence PLC was declared a Joint Winner in the ‘Conglomerates & Diversified Category’. The Sustainability Reporting Awards are held with the objective of recognising and rewarding organisations which report and disclose information on environmental and social performance, and to encourage corporate transparency, accountability and responsiveness to stakeholders.

With selections carried out by an eminent panel of judges, the ceremony acknowledged corporates for their efforts to raise awareness across a broad range of aspects dedicated to sustainable development. The Aitken Spence PLC annual report was evaluated, succeeding against ACCA’s main judging criteria of completeness, credibility and communication. Aitken Spence PLC was also the joint winner of the Conglomerates and Diversified category.

By aligning its sustainability strategy and reporting procedures with global best practices and benchmark such as the Ten Principles of the UN Global Compact, the 7 Women’s Empowerment Principles, the Sustainable Development Goals, the Global Reporting Initiative and the guidelines of the International Integrated Reporting Council, Aitken Spence PLC implemented a holistic approach to its sustainability commitments with a long-term perspective that is reflected in the triple bottom line.

“At Aitken Spence PLC, we view sustainability as a prerequisite towards resilient growth.  With a focus on long term value creation, the Company’s sustainability efforts are directed and guided from the top management in order to adopt a strategic approach for corporate sustainability. In a group having 16 lines of industry in four business sectors and diverse segments of stakeholders across different communities, sustainability has been integrated into the very spirit of the organisation to ensure longevity in its business environments.

We are delighted and humbled by this recognition for our work. The unwavering dedication and support shown by the team and that combined with the systems and procedures that we have in place has been our winning formula throughout the years. Having marked the sesquicentennial of the Aitken Spence Group last year, we remain committed to working towards sustaining the long-term viability, profitability and integrity of our businesses,” commented Dr. Rohan Fernando, Head of Business Development and Sustainability at Aitken Spence PLC.

Aitken Spence PLC was also one of the country’s first companies to sign the United Nations Global Compact, a strategic policy initiative for businesses that are committed to aligning their operations and strategies with 10 universally accepted principles in the areas of human rights, labour, environment and anti-corruption.

Aitken Spence is the reigning winner of the Ceylon Chamber of Commerce Best Corporate Citizen Sustainability award for two successive years while being the only company in Sri Lanka to be ranked among the Top 10 Corporate Citizens for an unprecedented 13 consecutive years.

Listed in the Colombo Stock Exchange since 1983 and marking its 150th-year milestone in 2018, Aitken Spence is a blue-chip conglomerate with a strong regional presence in the Hotels, Travel, Maritime Services, Logistic Solutions, Plantations, Power Generation, Printing, Insurance and Apparel sectors.

‘Overall Winner’ – ACCA Sri Lanka Sustainability Reporting Awards 2018. Accepting the award, Ms. Nilanthi Sivapragasam, Chief Financial Officer of Aitken Spence PLC.