L B Finance wins big at TAGS awards 2022
L B Finance emerged with the highest number of awards achieved by a single entity at the prestigious TAGS Awards 2022, organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) to recognise excellence in annual corporate reporting, encompassing aspects of Transparency, Accountability, Governance and Sustainability.
As a testament to its holistic approach towards reporting, the company continued to maintain its momentum by clinching accolades from three of the four categories awarded at the event.
In a noteworthy achievement, L B Finance was ranked among the top three brands in Sri Lanka for the third consecutive year by receiving the Bronze Award for “Overall Excellence in Corporate Reporting”, while retaining its top position within Non-Bank Financial Institution, by winning the Gold Award for the fifth consecutive year.
Once again, L B Finance received recognition for its commitment to extend greater accessibility and convenience to stakeholders through its digital reporting journey, with the company garnering the Gold Award for the “Most Transformative and Digitalized Annual Report” at the ceremony which was held on December 6, at the Shangri-La Hotel. This marked the second time the company had bagged the award since its introduction last year.
The company also received the Bronze Award for Excellence in “Corporate Governance Disclosures”, and was ranked second in “Sustainability Reporting”, demonstrating the organisation’s unwavering commitment towards accountability, good governance, and social and environmental responsibility.
Formerly known as the Annual Report Awards, the TAGS Awards has long been renowned as one of Sri Lanka’s pre-eminent award ceremonies that recognises corporate bodies for elevating the standards of financial and sustainability reporting year-on-year, while assessing their effectiveness in terms of stakeholder communication.
Over 130 organisations spanning large conglomerates, multinational corporations, small and medium enterprises, and non-profit organisations are assessed according to stringent criteria that benchmarks reporting beyond mere compliance.
L B Finance Managing Director Sumith Adhihetty stated, “L B Finance has always been led by a mandate to drive stakeholder value in all we do and resulting in a company-wide commitment towards transparency, accountability, responsible practices, and digital transformation, which has in turn been translated across our corporate disclosures as evidenced by the results of this esteemed awards ceremony. We are heartened to note that in recognition of these untiring efforts L B Finance has achieved the highest wins by a single company at this juncture, and we pledge to strive towards greater excellence in the years ahead.”