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Sustainability Reporting Awards:
ComBank best among banks
The Sustainability Report of the Commercial Bank of Ceylon PLC was
adjudged the best in the Banking Sector at the 2015 Sri Lanka
Sustainability Reporting Awards presented by the Association of
Chartered Certified Accountants (ACCA) Sri Lanka Liaison Office.
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Managing Director and CEO, Commercial Bank, Jegan
Durairatnam (left)
receives the award from Minister of Prison Reforms,
Rehabilitation, Resettlement and Hindu Religious Affairs, D.
M. Swaminathan. |
One of five key segments in the Bank's Annual Report for 2014, the
Commercial Bank Sustainability Report is a comprehensive 57-page account
covering the economic, social and environmental performance of the Bank
for the fiscal year ending December 31, 2014.
This was the second major award won by the Commercial Bank's 2014
Annual Report in the sphere of Sustainability Reporting, and its seventh
award overall. In early February 2016, the report was adjudged 'Asia's
Best Integrated Report' at the Asia Sustainability Reporting Awards in
Singapore.
The report also won five awards at the 2015 Annual Report Awards of
the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka),
including the Edmund J. Cooray Memorial Trophy for the Best Annual
Report among banking institutions.
Managing Director and CEO, Commercial Bank, Jegan Durairatnam said,
"We have always believed that the importance of comprehensive disclosure
on all aspects of our operations cannot be over-emphasised."
"Each year, we make a great effort to incorporate the latest best
practices in reporting into our Annual Report. We are, therefore, much
encouraged by the ACCA Award," he said.
He said the 2014 Sustainability Report of Commercial Bank adopts the
Global Reporting Initiative (GRI) Guidelines Version G4 and GRI's G4
Financial Services Sector Supplement for Sustainability Reporting.
Themed 'Combanking' the award-winning 2014 Annual Report of
Commercial Bank is a 432-page volume. The ACCA Sustainability Reporting
Awards presented for the 12th year, recognised one overall winner and
runner-up and presented 13 additional awards in six industry categories.
The entries were judged on the triad of 3Cs -- Completeness, Credibility
and Communication. The awards are endorsed by the Ministry of
Environment and the Global Compact Network Ceylon.
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