CA Sri Lanka launches Annual Report Awards 2021

Symbolic trophy presentation by Annual Report Awards Committee Chairman Chaaminda Kumarasiri (Second from left) to CA Sri Lanka President Manil Jayesinghe, while CA Sri Lanka Vice President Sanjaya Bandara (First from left), Colombo Stock Exchange Chairman Dumith Fernando (Fourth from left), Annual Report Awards Committee Alternate Chairperson Chamila Cooray (Second from right), and CA Sri Lanka CEO Dulani Fernando (extreme right) look on
Pic by Pradeep Dilruckshana

The Chartered Accountants of Sri Lanka (CA Sri Lanka) announced this week the launch of the Annual Report Awards 2021 which will have the marking system automated due to the ongoing Covid-19 crisis in the country.

While the red circled event did not take place last year due to the outbreak of the pandemic, this year the competition will be carried out with a number of concessions.

Applications for the 56th Annual Report Awards will be accepted from 15 August  onwards from organisations ranging from multinationals to blue-chip companies, conglomerates, small and medium businesses, state corporations, statutory bodies, NGOs, and NPOs.

The competition is open to any entity that produces an annual report, the CA
Sri Lanka said.

With the Annual Report Awards, CA Sri Lanka aims at promoting transparency, corporate governance, sustainability, and social responsibility in
local companies.

The 2021 edition will also present special awards for corporate governance, corporate social responsibility and integrated reporting. The awards will be presented under 26 categories, where winning companies will receive gold, silver and bronze awards.

The competition is open to organisations representing banking, diversified holdings, finance & leasing, insurance, trading, investment banking, food and beverage, healthcare, hotels, land & property, manufacturing, motor companies, service organisations, telecommunications, unit trusts, media and entertainment, state corporations & statutory bodies, plantation, constructions, power & energy, SMEs, NPOs and NGOs. 

Commenting on the path companies must take to steer the economy towards a positive growth trajectory in a manner that allows higher earnings with minimal impacts on the environment, CA Sri Lanka President Manil Jayesinghe stressed the need for companies to re-evaluate their choices in the current situation.

“Those who sit at the nerve centre of an organisation are considered the gatekeepers. Therefore, we must use our position to promote responsible and greener investments to ensure a safer planet for us,” said Jayesinghe during the official announcement
of the competition.