Sri Lankan business chamber to choose top 10 ‘corporate citizens’

August 3, 2007 (LBO) – The Ceylon Chamber of Commerce has called for applications from Sri Lankan companies for its annual ‘Ten Best Corporate Citizen Awards’ contest. The awards, part of the chamber’s efforts to promote Corporate Social Responsibility (CSR) within the business community, will be held on November 29, 2007.

The main objectives of the awards, in its fourth year now, are to raise awareness on the importance of CSR to the business community and to promote and encourage CSR practices amongst the corporate sector, a chamber statement said.

The CSR awards will be a measure of the rankings of the services of a corporate entity to its stakeholders; customers, shareholders, employees, environment and community.

“Adoption of CSR practices will also enhance social acceptance of companies through ethically responsible behaviour,” the chamber said.

Applications for the awards close on September 28, 2007.

To encourage more participation, this year the main awards to the top three corporates will be given to two categories.

These will be group ‘companies, multinational companies and corporates in the financial sector’ and ‘single ent