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Giving information on progress and setting high standards for stakeholder involvement are two activities that enabled the Ceylon Tobacco Company to win in the inaugural Sri Lanka Awards for Sustainability Reporting. The judges praised the company for including staff development, main business issues and statements of its social responsibilities and environmental practices in its reporting.
Ceylon Tobacco is a subsidiary of British American Tobacco, the world's second-largest tobacco business and the sector leader in non-financial reporting.
Ranweli Holiday Village won a commendation for integrating business within the immediate environment. The judges said the company had shown how it operated in an environmentally sustainable manner, what impact it had on the surrounding ecosystem, and how it was committed to conservation.
A commendation for integrating the environment within business operations went to Aitken Spence Hotel Holdings, which the judges noted included statements from staff in its reporting.
In addition to making awards, the panel observed that companies generally should detail their environmental, social and economic impacts more prominently. The reports, said the panel, should state for whom they are intended, who the stakeholders are, what discussions have been held with stakeholders and how their suggestions have been treated. However, a general understanding of sustainable development is not communicated well by many reporting organizations, said the judges.
There were 16 submissions for the awards, which were run by the Association of Chartered Certified Accountants. The awards will be run again and winners will be announced in March next year.
Ceylon Tobacco is a subsidiary of British American Tobacco, the world's second-largest tobacco business and the sector leader in non-financial reporting.
Ranweli Holiday Village won a commendation for integrating business within the immediate environment. The judges said the company had shown how it operated in an environmentally sustainable manner, what impact it had on the surrounding ecosystem, and how it was committed to conservation.
A commendation for integrating the environment within business operations went to Aitken Spence Hotel Holdings, which the judges noted included statements from staff in its reporting.
In addition to making awards, the panel observed that companies generally should detail their environmental, social and economic impacts more prominently. The reports, said the panel, should state for whom they are intended, who the stakeholders are, what discussions have been held with stakeholders and how their suggestions have been treated. However, a general understanding of sustainable development is not communicated well by many reporting organizations, said the judges.
There were 16 submissions for the awards, which were run by the Association of Chartered Certified Accountants. The awards will be run again and winners will be announced in March next year.
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