First Capital team receives Gold award at TAGS Awards

First Capital Holdings PLC, the pioneering investment institution, has secured a prestigious accolade at TAGS Awards 2023, organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) for the 58th consecutive year. 

The company was honoured with the prestigious Gold award in the Investment Banking category, recognising its outstanding performance and dedication to transparency, accountability, governance and sustainability in corporate reporting. The TAGS Awards bestowed recognition upon exemplary companies spanning 29 industry sectors, reflecting a commitment to comprehensive progress and governance.

First Capital has embraced both the integrated reporting framework and the global reporting initiative framework, positioning the organisation at the forefront of global reporting standards. The integrated reporting framework offers stakeholders a thorough and interconnected perspective on the company’s performance, encompassing both financial and non-financial facets. Simultaneously, the global reporting initiative framework ensures standardised and transparent communication of the company’s environmental, social and governance impacts.

First Capital Chief Financial Officer Mangala Jayashantha commented on this latest achievement, stating, “We are here today because, as a responsible business, we understand the importance of moving beyond conventional financial reporting norms. Transparent and comprehensive reporting not only meets regulatory standards but also builds trust and credibility in this fiercely competitive market landscape. We are honoured to receive this prestigious award from the Institute of Chartered Accountants of Sri Lanka. This recognition reaffirms our commitment to excellence in reporting, highlighting our dedication to aligning with international benchmarks and First Capital’s vision to improve the lives of all Sri Lankans through financial solutions.”

This commitment to enhanced reporting practices is poised to enhance First Capital’s reputation among investors, stakeholders and the public. Furthermore, this dedication positions First Capital as a socially responsible corporate entity, underscoring its awareness of emerging trends and its commitment to best practices in reporting. The company’s proactive stance in embracing sustainability and ESG practices reflects its forward-thinking approach, demonstrating a commitment to long-term value creation for all stakeholders.

With a strong emphasis on upholding stability, fostering a competitive advantage and providing an exceptional customer experience, First Capital focuses on staying true to its ‘Performance First’ ethos. First Capital stands strong with robust fundamentals, dedicated teams and the support of the Janashakthi group, allowing it to weather challenging market cycles. The organisation is actively expanding its reach and significance by embracing an evolving digital platform, bolstering its digital capabilities and integrating its operations. These efforts are aimed at transforming client experiences, fostering operational efficiency and driving overall growth and sustainability.