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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.

 

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Aitken Spence Hotels Bags Gold Once Again at the 50th CA Annual Report Awards

10 Jan

Aitken Spence Hotel Holdings PLC emerged victorious once again walking away with the Gold Award in the Hospitality Sector category at the prestigious of Chartered Accountants Annual Report Awards.

The golden jubilee of the annual report awards was held recently at the Nelum Pokuna Mahinda Rajapaksa Theatre. The competition which covers 22 sectors from small business categories such as NGOs, clubs, associations to large conglomerates had a total of 130 organisations submit their annual reports for the coveted awards this year.

The annual competition formulated to encourage transparency and accountability in financial reporting in the corporate sector recognizes companies which have demonstrated excellence in transparency, accountability and good governance via their annual reports. The evaluations were conducted under a stringent three stage system where the shortlisted reports were subjected to an industry expert panel review; the reports selected for the final stage were evaluated by a final panel of judge’s chaired the Central Bank Governor.

Mr. Susith Jayawickrema, Managing Director & Mr.Tilak Gunawardana, Vice President, Finance accepting the award & certification

Mr. Susith Jayawickrema, Managing Director & Mr.Tilak Gunawardana, Vice President, Finance accepting the award & certification

Sustainability, transparency and accountability are stringently practiced at Aitken Spence Hotels and winning this accolade provides a clear indication on its commitment to report on its economic, social and environmental impacts. “We see corporate sustainability as part of our core business strategy and ensure that our commitment is filtered down to every operation. This commendation reflects Aitken Spence Hotels’ track record of commitment to corporate accountability and championing sustainable tourism by producing industry best practices. We will continue to stay committed to delivering exceptional sustainable experiences to our guests whilst continuing to our stringent practices in corporate governance”, said Mr. Susith Jayawickrama, Managing Director, Aitken Spence Hotels.

Aitken Spence Hotels manages a portfolio of hotels and resorts in Sri Lanka, Maldives, India and Oman. The company’s expertise in hotel design, building and management is complimented by its dedication and commitment to excellence. Located in some of the key tourist locations, each of the properties cater to a diverse client base.