LAUGFS bags Platinum at Vision annual report competition

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LAUGFS Gas PLC emerged as a top winner again, having received the prestigious Platinum Award for the second consecutive year at the 2014/15 Vision Awards Annual Report Competition.

This year, LAUGFS Gas PLC was bestowed with the Platinum Award for excellence within the industry on the development of the organization’s annual report, the Silver Award for excellence within the industry on the development of the organization’s integrated report and the Bronze Award for developing the Best In-House Report Worldwide. Additionally it was ranked 28th amongst the Top 50 Annual Reports Worldwide.

The 2014 Vision Awards Annual Report Competition, organized by the League of American Communications Professionals (LACP), attracted a large number of submissions from over 1000 organizations representing a wide range of industries from across the globe.

“We are proud to be recognized for the second consecutive year by LACP’s Vision Awards with yet another Platinum Award. As a Sri Lankan conglomerate, we are proud to stand firmly among global giants and bring home another prestigious international award for integrated reporting,” remarked LAUGFS Holdings Managing Director, Mr. Thilak De Silva. “This serves to further affirm LAUGFS Gas PLC’s commitment to responsible and transparent reporting. Upholding transparency and integrity in our reporting processes is of utmost importance to us, and we ensure that we continuously align with world-class practices and global standards on integrated reporting,” he further commented.

The awards were presented for LAUGFS Gas PLC’s second Integrated Annual Report, which has adopted globally recognized GRI G4 standards in reporting its economic, social and environmental performance for the 2014/15 period. LAUGFS Gas PLC has been bestowed with a number of awards during the year, while also clinching the Gold Award in the Power and Energy sector for the third consecutive year at the CA Sri Lanka’s Annual Report Awards. In addition to recognition received for excellence in reporting, it has also been recognized for its sustainability initiatives as well as business excellence, through numerous accolades including the Best Corporate Citizen Sustainability Awards (less than 15 billion turnover category) and the National Business Excellence Awards (Extra Large category- Other Service/Other Sector).

LAUGFS Gas PLC is a diversified conglomerate with substantial stakes in the power & energy sector with LPG downstream activities in Sri Lanka and overseas, international LPG logistics services as well as renewable energy solutions. LAUGFS Gas is a trusted brand in Sri Lanka with a firm foothold in the local LPG downstream industry. Its overseas operations consist of LAUGFS Gas Bangladesh, which is the third largest player in the local LPG industry. LAUGFS Maritime provides international logistics support with its own LPG vessels, and LAUGFS Power engages in the renewable energy sector, including solar and hydro power generation, while currently setting up the largest solar power plant in the country.

LAUGFS Gas PLC also consist of businesses in vehicle emission testing, leisure as well as property & real estate sectors with Eco Sri – a pioneer in air quality management, LAUGFS Leisure, which manages the Anantaya chain of resorts and LAUGFS Property Developers that is engaged in luxury commercial and residential real estate development projects. (Media Release)