First-ever 'Report Card' on corporate accountability

The first-ever 'Report Card' on corporate accountability, based on the implementation of a strategic approach to corporate accountability, is featured in LMD's January edition.

Compiled by STING Consultants, in association with LMD, the Corporate Accountability Rating evaluates submissions made by the companies concerned.

Classifying companies into broad bands, based on their level of adherence to implementing a strategic approach to corporate accounta bility, the exchange enables companies to showcase their activities, said STING, in LMD.

Benchmarked into four broad classifications - Platinum,

Gold, Silver and Bronze - the classification is based on the points that each company scored (Platinum 90-100; Gold 80-89, Silver 70-79; and Bronze 55-69).

Brandix Lanka, Cargills Ceylon, Ceylon Tobacco Company and Coca-Cola Beverages Sri Lanka are in the 'Platinum' band while Aitken Spence, Eagle Insurance, Hettigoda Group, John Keells Holdings, Mega Engineering and People's Leasing Company are classified in the 'Gold' band.

Colombo Dockyard, DIMO, e-Wis, HNB and Sampath Bank are ranked in the 'Silver' band, while Blue Diamonds, Hayleys Advantis, GSK, Softlogic Holdings and Unilever Sri Lanka are in the 'Bronze' band.

"The winners had strong characteristics. One was that they were all focused on making an impact at community level. They implemented company-wide initiatives, not endeavours that are confined to one division or another - corporate accountability is becoming part and parcel of their corporate culture," the magazine said.

The widely read business magazine is a publication of Media Services, which is also responsible for living, most respected and The LMD 50, in addition to presenting the business program Benchmark.