Mar 14, Colombo: In recognition of excellence in sustainability reporting, Citizens Development Business Finance PLC (CDB) won one of the most prestigious awards in sustainability reporting in the country at a gala ceremony held recently.

The Association of Chartered Certified Accountants Sri Lanka in its 19th annual ACCA Sri Lanka Sustainability Reporting Awards bestowed the Finance Services & Insurance Category win on CDB reaffirming the Company’s commitment to transparency, accountability and sincerity of action.

CDB has had a regular presence at these awards in past years, having won five times including being adjudged a joint winner and runner up four times in this category. The Company’s consciousness and commitment to sustainability in the 3Ps of People.Planet.Profit also saw it recently be among the Ten Best Corporate Citizens in Sri Lanka for the fifth consecutive year at the Best Corporate Citizen Sustainability Awards organized by the Ceylon Chamber of Commerce.

Accepting the award on behalf of CDB, Director/Deputy CEO/CFO Damith Tennakoon stated that, “Sustainability reporting is seen as an enabler of the Sustainable Development Goals (SDGs) which CDB is very committed to, as sustainability is intertwined inextricably to our business model. At a time when the world and our nation is facing socio-economic crisis of unforeseen magnitudes, the SDGs remain more relevant to us than ever. We are honored that our efforts in reporting an integrated approach to sustainability will lead the way in accelerating progress towards not just the Company’s, but Sri Lanka’s goals as well.”

Appreciating CDB’s stakeholders in always pushing the company to raise the bar, Tennakoon firmly believes that by every stakeholder taking ownership of this sustainability strategy, CDB is empowered to push its goals of financial inclusivity and innovation to establish a smarter and sustainable Sri Lanka.

The ACCA Sustainability Reporting Awards are held worldwide in over 25 countries with over 3,000 entities vying for recognition in sustainability reporting. The awards give credence to an organization’s sustainability practices with recognition of the strong links between business strategy, corporate governance and sustainability. It rewards disclosure of full sustainability information and encourages the uptake of reporting to raise awareness in corporate transparency, accountability, responsiveness and sincerity of action.