ComBank’s 2023 annual report wins top ACCA Sustainability Reporting Awards

• Also adjudged overall runner-up across all categories for excellence in disclosure of sustainability related information

Commercial Bank of Ceylon’s prowess in comprehensive disclosure of sustainability-related information to stakeholders has won its 2023 annual report two top awards at the 2025 Sustainability Reporting Awards presented by the Association of Chartered Certified Accountants (ACCA).

The bank was adjudged the overall runner-up and winner in the Banking Category at these awards, repeating the achievement of its 2022 annual report, which was similarly honoured by the ACCA last year.

According to the ACCA, sustainability reporting requirements are developing rapidly, with the IFRS Sustainability Disclosure Standards issued by the International Sustainability Standards Board (ISSB Standards) serving as the basis for globally consistent reporting. 

The ACCA Sustainability Reporting Awards recognise annual reports that clearly acknowledge and explain the economic, environmental and social impacts of the business to internal and external stakeholders, demonstrating the organisation’s policies, targets and long-term objectives towards the goal of sustainable development.

Commercial Bank’s 2023 annual report also won two Golds, a Silver and a Bronze at CA Sri Lanka’s TAGS Awards 2024, excelling in the key aspects recognised by the awards programme, which is dedicated to Transparency, Accountability, Governance, and Sustainability – TAGS.  The bank won the Gold for Corporate Governance Disclosure in the Financial Services sector, the Gold for the Best Annual Report among the private sector banks, the Silver for Digitally Transformative Reporting across all sectors and the overall Bronze award for Excellence in Corporate Reporting.

Titled ‘In Context, Navigating storms together with conviction, courage and empathy’ Commercial Bank’s 2023 annual report is its 55th overall and is greenhouse gas neutral. It presents comprehensive information on all aspects of performance and governance in respect of 2023.

SourceDaily Mirror