First Capital triumphs at CMA Excellence in Integrated Reporting Awards 2024

Merit Award for CMA Excellence in Integrated Reporting Awards 2024

Sector Award for CMA Excellence in Integrated Reporting Awards 2024

First Capital, a pioneering force in the investment sector, was awarded the coveted title of Sector Winner in the Investment Banking Sector, at the 10th annual CMA Excellence in Integrated Reporting Awards recently, at Hotel Taj Samudra, Colombo. 

This prestigious event, organised by the Institute of Certified Management Accountants of Sri Lanka (CMA Sri Lanka), recognised First Capital for its stellar achievements in financial transparency and excellence in integrated reporting. Additionally, the company received the Merit Award for Overall Excellence in Integrated Reporting, further solidifying its position as a leader in the financial industry. 

The CMA Excellence in Integrated Reporting Awards, supported annually by the Colombo Stock Exchange, serve as a platform to encourage institutions in Sri Lanka, both public and private, listed and unlisted, to adopt integrated reporting principles. These principles, which go beyond traditional financial reporting, include both financial and non-financial information, allowing for a more holistic view of an organisation’s performance. The awards aim to provide a mechanism for companies to communicate the value they create for investors and stakeholders while adhering to the global standards of reporting clarity, corporate accountability and oversight.

This integrated approach not only highlights First Capital’s financial success but also underscores its commitment to ethical business practices, environmental stewardship, social responsibility and governance. The company’s focus on sustainable growth is evident in its decision-making processes, strategic initiatives and the way it communicates its goals to the public. These elements resonate strongly with the stakeholders, who are increasingly looking for companies that not only deliver financial returns but also contribute positively to the society and the environment.

First Capital Holdings Managing Director/CEO Dilshan Wirasekara said, “CMA-related programmes encourage institutions to adopt a holistic approach, fostering value creation for all stakeholders. They set a clear benchmark for corporate sustainability while enhancing the quality of both financial and non-financial reporting. Additionally, these programmes promote transparent and accessible risk assessment and management. Together, these elements form the foundation of a robust and sustainable market and economy. The honour we received at CMA Excellence in Integrated Reporting Awards is a true testament to the sustained commitment of our team to uphold the highest standards of transparency and excellence.

First Capital Holdings Chief Financial Officer Mangala Jayashantha added, “We are honoured to receive the Sector Winner award in the Investment Banking Sector at CMA Excellence in Integrated Reporting Awards 2024. This recognition is evidence to our commitment to transparent, sustainable and value-driven reporting. At First Capital, we believe in the power of integrated reporting to provide the stakeholders with a comprehensive view of our strategy, performance and future growth. Our integrated reports aim to give the stakeholders a deeper understanding of our financial performance and the non-financial factors that drive our success.”

First Capital’s recognition at CMA Excellence in Integrated Reporting Awards 2024 serves as testimony to the company’s unwavering commitment to excellence in financial reporting and business practices. By adhering to international reporting frameworks and integrating both financial and non-financial information, First Capital has set a new standard for transparency, accountability and long-term value creation in the investment banking sector.