The 2022-23 Annual Report of Teejay Lanka PLC won two awards including the award for ‘Best Annual Report in the Apparel Sector’ at the CMA Excellence in Integrated Reporting Awards 2023, presented by the Institute of Certified Management Accountants of Sri Lanka (CMA).
The Annual Report titled ‘Interknitted’ also won one of 10 Certificates of Merit awarded by the country’s national professional management accounting institute in acknowledgement of the quality of Teejay’s disclosure of vital information to stakeholders and conformity with local and international financial reporting standards for accounting and financial as well as non-financial information.
The 12th Integrated Annual Report published by Teejay Lanka PLC provides an overviewof the Company’s environmental stewardship, social responsibility, governance and risk management, future-focused sustainability-driven innovation, and insights on material topics pertaining to its commitment tosustainability initiatives as a responsible corporate citizen.
The Report also communicates Teejay’s approach to directing corporate strategies in an integrated manner while cautiously balancing the often-competing interests of diverse stakeholders.The Company states its dedicated investment in GRI reporting and establishment of a strong ESG framework exemplify Teejay’s commitment to sustainable business practices and long-term value creation.
Teejay CEO Pubudu De Silva said: “These awards underscore our commitment to excellence across all facets of our business, encompassing the environment, communities, society and global responsibility. Our report is a testament to our strategic focus, forward-looking approach, commitment to value creation, and dedication to relevance, reliability, and completeness in reporting. We have embraced complete transparency in conveying our performance and impact during the past fiscal year, encapsulating the essence of our remarkable journey.”
The assessment for the CMA awards for integrated reports is based on the Guiding Principles, Content Elements and Fundamental Concepts which appear in the International Framework issued by the International Integrated Reporting Council (IIRC), with special emphasis on strategic focus and future orientation; connectivity of information; value creation and reliability and completeness.
The Teejay Group owns manufacturing facilities in Sri Lanka and in India, along with a printing facility in Sri Lanka. An ISO 9001:2015, ISO 14001:2015 and OHSAS 18001:2007 compliant company and the first in the industry to develop green fabric, Teejay Lanka was also the first textile manufacturer in Sri Lanka to receive membership of the US Cotton Trust Protocol.
