ESG reporting to be recognized at CFA Capital Market Awards

9 April 2024 12:00 am

The 11th annual CFA Society Sri Lanka Capital Market Awards will be held on June 18 June, with a key highlight being the Best ESG Reporting Award conferred for the first time in the history of the event. 
ESG reporting refers to the process of disclosing a company’s performance and practices related to environmental, social and governance (ESG) factors. It involves the communication of relevant information to key stakeholders, including investors, employees, customers, regulators and the public, about how a company is managing its ESG risks and opportunities. 
First mooted at the CFA Society Sri Lanka Capital Market Awards 2023, the Best ESG Reporting Award will recognize companies listed on the Colombo Stock Exchange (CSE) that have demonstrated a commitment to creating a positive impact in the areas of environment, social and governance, and have adopted best practices in relation to global ESG reporting standards 
and disclosures.

Commenting on the Best ESG Reporting Award, Rashmi Peiris-Paranavitane, CFA, Vice President of CFA Society Sri Lanka and Committee Chair for ESG, notes: “The CFA Society Sri Lanka is committed to promoting sustainability in our capital markets. The introduction of this award is a continuation of those efforts to encourage the adoption of best practices in sustainability reporting among corporates in Sri Lanka.”