HDFC wins ACCA Award for Sustainability Reporting 2010

HDFC Bank won the ACCA Sri Lanka Award for Sustainability Reporting 2010 at the seventh ACCA award ceremony held recently at the Cinnamon Grand Hotel.

HDFC Bank Chairperson Siromi Wickramasinghe receives the award from Prof. Mohan Munasinghe

The Association of Chartered Certified Accountants (ACCA) said that it rewards Sri Lankan companies who report and disclose environmental, social or sustainability information accountably and transparently.

The awards held in over 30 countries, is based upon judging guidelines established by ACCA worldwide. The awards are open to any type of organisation encompassing all business sizes.

With this prestigious award, HDFC is bench marked against global best practices and criteria aligned to Global Reporting Initiatives (GRI) guidelines and also joins the ranks of companies around the world who work on a common mission of increasing accountability and responsiveness to stakeholders.

The sustainability report had recorded as comprehensively as possible the initiatives employed by HDFC towards sustainability issues from January 1 to December 31,2009. This was the third attempt at a sustainability report by HDFC. Each year the institution has striven to improve upon their imperatives and be more inclusive in the approach to their stakeholders.

The initiation of a Corporate Plan for HDFC emphasises its commitment to implementing transparency, accountability and governance into its daily operations while ensuring that the institution creates an enabling environment to meet its vision. The Corporate Plan quantitatively and qualitatively charts a course for the Bank.