Aluminium extrusion manufacturer Alumex PLC was recognised for its strong commitment towards transparency and governance at the Asia Integrated Reporting Awards recently.
Alumex was honoured with a Bronze award in the Integrated Report (SME) category for clearly and concisely communicating its value creation to stakeholders via integrated reporting.
“Alumex adopted integrated reporting to better communicate the strategic decisions and directions taken by the company and the impact we create for people and the planet. We are honoured to be recognized for our efforts to drive value creation for our stakeholders, and thank AIRA for this accolade,” said Managing Director of Alumex, Pramuk Dediwela. Value creation is at the heart of integrated reporting, which helps companies to embed long-term sustainability into their business model. Integrated reporting goes beyond the conventional approach to communicating value creation and encompasses other forms of value created within the organisation through the change or transformation of its capital. Alumex, for example, engages in value creation beyond the purely financial, encompassing social and natural capital.
Thus, the purpose of an integrated report is to provide the kind of information that enables the reader to more accurately assess the organization’s ability to create value over time.
Integrated reporting is considered increasingly important as businesses seek to enhance accountability, stewardship and trust by providing investors with the information they need to make more efficient capital allocation decisions that, in turn, facilitates better long-term investment returns. Managing Director of CSR Works and founder of AIRA, Rajesh Chhabara said, «Alumex PLC has demonstrated its leadership in integrated reporting. A best practice example, its integrated report shows how it applies integrated thinking and a multi-capital approach to create value for its shareholders and stakeholders over time.»
The Asia Integrated Reporting Awards (AIRA) is organised by CSR Works International, a Singapore-based sustainability services firm focused on advisory, training and thought leadership.
– Sunday Observer Sri Lanka
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