Entries now open for CA Sri Lanka’s TAGS Awards 2022

Marking a new chapter in financial and non-financial reporting, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) last Wednesday announced that it is accepting applications for the highly acclaimed TAGS Awards 2022, as it aims to crown the best corporates for promoting transparency, accountability, governance and sustainability by publishing insightful annual reports. 

The TAGS Awards, formerly known as the Annual Report Awards, which commands an impeccable history spanning over half a century, in its 57th year, welcomes any organisation that produces an annual report, including multinational companies, conglomerates, SMEs and even small-time community groups as well as NGOs and NPOs to apply and get recognised for upholding the integrity of financial, environmental, social and governance reporting with a key emphasis on transparency and sustainability. 

Organisations producing annual reports can register for the highly acclaimed competition by providing their annual reports for the financial year ending on December 31, 2021 or March 31, 2022. Applications will be accepted from August 24 to September 16, 2022.  

The announcement was made at a press conference held under the patronage of CA Sri Lanka President Sanjaya Bandara, Vice President Heshana Kuruppu, TAGS Awards Committee Chairman Thivanka Jayasinghe, Chief Executive Officer Dulani Fernando and TAGS Awards Committee Alternate Chairperson Chamila Cooray as well as Colombo Stock Exchange Chairman Dilshan Wirasekara and Chief Executive Officer Rajeeva Bandaranaike.
The best annual reports will be recognised as the Overall Winner under Gold, Silver and Bronze categories, while companies will also be awarded under 29 sectors representing  banking institutions, diversified holdings, finance companies, leasing companies and other financial institutions, food and beverages companies, healthcare institutions, trading companies, hotel companies, insurance companies, land and property companies, manufacturing companies, motor companies, telecommunication and technology companies, unit trusts, media and entertainment, state corporations and statutory boards, plantation companies, construction companies, power and energy companies, not-for-profit organisations, non-governmental organisations, small and medium-sized entities, education services, newly listed companies and service organisations. 

Apart from the overall and sector winners, TAGS Awards 2022 will also honour companies under four special categories for corporate governance disclosure, sustainability reporting, integrated reporting, and digital transformation. 
The winners will be honoured at a gala awards ceremony on December 01, 2022 at Shangri-La Hotel, Colombo.