Gold corporate accountability rating for Brandix
Top apparel exporter Brandix Lanka Limited has been awarded a Gold
rating for the second consecutive year in the 2011 edition of the
coveted 'Sting Corporate Accountability Index' released by the Lanka
Monthly Digest (LMD) magazine in association with Sting Consultants.
Brandix has obtained the 10th overall position among 74 entities in the
index securing 69.75 points.
It is the highest ranked company representing the apparel, footwear
and textiles sector, which the Index rates as one of the six 'above
average' sectors for Corporate Accountability.
The criteria taken into consideration by a team of expert judges in
awarding the rankings included measurement and disclosure; stakeholder
engagement; policy coverage; management and governance; identifying
impacts, risks and opportunities and corporate values.
"This endorsement of Brandix's corporate accountability practices by
a reputed independent entity, based on broad criteria, demonstrates the
high degree of transparency and continued commitment to best practices
at Brandix," a spokesperson for the Brandix Group said.
"This rating confirms the high ethical standards maintained by the
Group in multiple aspects of business."
Brandix was also among the top 10 corporate entities and received a
Gold rating in the 2010 Sting Corporate Accountability Index.
Scores for the Sting Corporate Accountability Index are derived from
a proprietary model developed by Sting Consultants to reflect a holistic
and integrated approach to CSR, sustainability and governance.
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