Alliance Finance Company PLC, Sri Lanka’s pioneering triple bottom-line financial solutions provider, was recognized as the runner-up at the ACCA Sri Lanka Sustainability Reporting Award 2022/23. The ceremony took place at the Hilton, Colombo on February 2024. The company’s Annual Report for the fiscal year 2022/23 was recognized as the runner-up in the Finance Services and Insurance category becoming the only NBFI to win such an award in this competition.
Amal Somarathne (2nd from left), Manager – Sustainability and Strategic Planning, AFC and Dimuthu Tillekeratne (3rd from left), AGM – Finance accepting the award at ACCA Sustaianbility Reporting Award 2023.
This esteemed accolade recognizes Alliance Finance Company’s powerful purpose of existence in making the world a better place through sustainable finance. This recognition is indicative of the company’s consistent success on both national and global platforms.
Many organizations face increasing pressure from various stakeholders, such as investors, government agencies, and non-government organizations, to demonstrate their commitment to managing the impacts of their operations. In response, many companies have turned to public, environmental, social, and sustainability reporting to show their accountability and transparency.
The ACCA Sri Lanka Awards for Sustainability Reporting were launched in November 2004 to commend and encourage organizations that report on environmental, social, or full sustainability information. These awards aim to encourage the adoption of sustainable reporting practices and to raise awareness about corporate transparency, accountability, and responsiveness to stakeholders.
The 67th Integrated Annual Report, themed “Powering Socio-economic Revival,” serves as a comprehensive reflection of the company’s strategic focus. Alliance Finance Company’s focus for the future revolves around expanding its brand through cutting-edge digital methods while remaining steadfast to the principles of holistic sustainability. This recognition attests to the company’s commitment to excellence and its proactive role in contributing to the broader socio-economic landscape.
Founded in 1956, AFC has emerged as a distinguished Non-Bank Financial Institution in Sri Lanka and a market leader and proponent in sustainable finance. The shares of the Company were listed in the Colombo Brokers Association in 1959, predating the establishment of the Colombo Stock Exchange. With a storied history and as the oldest NBFI in Sri Lanka, Alliance Finance Company remains a pivotal entity in the financial sector of the country, epitomizing a legacy of time-honoured family values characterized by pioneering innovations and unwavering reliability.
