The Association of Chartered Certified Accountants of the UK introduced their environment and social sustainability reporting awards to the country recently.
ACCA says both listed and unlisted companies can submit their annual reports for the first awards starting next year.rn
rnThe awards system comes on the back of growing pressure from stakeholders for greater disclosure in the annual reports of listed companies not only of financial information but also of the impact the companys activities are having on the environment.rn
rnACCA says companies in developed countries take environmental and social sustainability reporting very seriously.rn
rnThey are hoping the awards will encourage local companies to do the same.rn
rnldblquote About 72% of top 100 companies in the UK publish regular stand-alone environmental reports and about 28% include environmental information in their annual reports,
dblquote says Ajith Tudawe, President, ACCA Sri Lanka.rn
rnThe awards will focus on and reward disclo