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Sunday, 3 January 2016

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Mercantile Investments wins three awards


Managing Director, Gerard Ondaatjie receives the Finance Company sector bronze award.

Mercantile Investments and Finance PLC (MI) excelled in financial reporting this year again winning three awards at the CA Sri Lanka Annual Report competition at the Waters edge recently.

MI bagged two all-island awards, securing the all-island silver award, for the best integrated annual report and clinched the all-island special award for the best disclosure on 'business model'.

The company was also awarded the bronze, in the Finance Companies sector, for its FY 2014/15 annual report published on the theme 'Journeying towards integrated value creation'. The theme highlights the company's responsible and sustainable business journey for the past fifty years and its performance in FY 2014/15 creating integrated value for stakeholders. For the second year running, the company produced an integrated annual report, drawing reference to the International Integrated Reporting Council's recommended integrated framework. This added further ambiance to the report which is comprehensive in its disclosure on corporate governance reporting and risk management practices, apart from having the annual audited financial statements and supportive commentary.

MI's commitment towards sustainability was reiterated also through a well detailed sustainability section which covered the enterprise's economic, social and environmental initiatives conducted during the year.

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