Oxford College of Business (OCB), Sri Lanka’s leading private higher education institution, has been named the Winner in the SME Category at the prestigious ACCA Sri Lanka Sustainability Reporting Awards 2025, reinforcing its position as a national benchmark for transparency, accountability, and sustainability leadership in higher education.

Organised by the Association of Chartered Certified Accountants (ACCA) Sri Lanka, these annual awards recognise organisations that demonstrate excellence in sustainability reporting, ESG disclosure, and responsible value creation. The awards are regarded as one of the most credible platforms for evaluating how organisations embed sustainability into governance, strategy, and performance reporting.

OCB’s recognition reflects the strength and maturity of its sustainability reporting framework, which integrates environmental stewardship, social impact, governance excellence, and long term value creation into a coherent narrative. The institution’s reporting practices align with leading international frameworks and best practices, ensuring stakeholders receive transparent, decision useful insights into its sustainability performance and strategic direction.

Commenting on the achievement, Malindu Ranasinghe, Director/CEO of Oxford College of Business, said:
“Being named the winner at the ACCA Sri Lanka Sustainability Reporting Awards is a meaningful affirmation of the standards we hold ourselves to in transparency and accountability. Sustainability reporting is not about recognition; it is about responsibility ensuring our stakeholders can clearly see how we create value responsibly and sustainably. We are grateful for this recognition and, above all, I give glory to God for His grace and guidance as we continue to strengthen our sustainability journey.”

The award highlights Oxford College of Business’s broader commitment to embedding sustainability across its operations, academic delivery, and stakeholder engagement. From responsible campus practices and environmental stewardship to inclusive people policies and ethical governance, OCB continues to evolve as a purpose-driven higher education institution that leads by example.

This recognition further strengthens OCB’s reputation among students, parents, partners, and international collaborators as a trusted, future ready institution that voluntarily upholds the highest standards of sustainability disclosure and governance particularly in a higher education sector that is not formally regulated in Sri Lanka.

With sustainability becoming an increasingly central expectation of institutions worldwide, Oxford College of Business remains committed to continuous improvement in ESG integration and reporting excellence ensuring that education is delivered with purpose, transparency, and long term societal impact.

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Oxford College of Business (OCB), Sri Lanka’s leading private higher education provider, has been honoured with the Gold Award in the Educational Services category at the prestigious TAGS Awards 2025, while also receiving a Certificate of Recognition for its Sustainability Reporting a dual accolade that reinforces OCB’s standing as a national benchmark for service excellence, transparency, and responsible value creation in the higher education sector.

Organised annually by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), the TAGS Awards recognize organisations that demonstrate the highest standards of corporate reporting, governance, transparency, and accountability. The recognition places Oxford College of Business among Sri Lanka’s most credible and forward-thinking institutions, reflecting not only the quality of its educational services, but also the maturity of its reporting practices and its commitment to embedding sustainability at the core of institutional strategy.

This year’s awards attracted participation from a diverse cross-section of Sri Lanka’s corporate and services sectors, making OCB’s Gold Award in Educational Services a significant endorsement of its consistent focus on academic quality, student experience, digital innovation, and stakeholder trust. The additional Certificate of Recognition for Sustainability Reporting underscores the institution’s growing leadership in ESG disclosure and long-term value communication.

The recognition comes at a time when Oxford College of Business has elevated the role of sustainability within its governance and reporting architecture. The 2025 Integrated Report, themed “Lasting Change – Evolution in Sustainability,” articulated OCB’s commitment to strengthening environmental and social sustainability while ensuring that quality education is delivered with purpose, empathy, and care. The report highlights how sustainability principles are embedded across academic delivery, campus operations, staff engagement, and student development — positioning education not merely as a service, but as a catalyst for responsible societal transformation.

In line with international best practice and Sri Lanka’s evolving regulatory framework, Oxford College of Business is also among the very few institutions in the country to have fully adopted Sri Lanka Accounting Standards SLFRS 1 and SLFRS 2, demonstrating leadership in climate- and sustainability-related financial disclosures. This early adoption reflects OCB’s proactive approach to transparency, risk management, and future-readiness — ensuring stakeholders are provided with credible, decision-useful information on sustainability risks, opportunities, and long-term value creation.

Commenting on the achievement, Malindu Ranasinghe, Director/CEO of Oxford College of Business, said: “The Gold Award at the TAGS Awards is a powerful affirmation of the standards we uphold in delivering education with integrity, quality, and care. Being recognised for our Sustainability Report further reinforces our commitment to transparency and responsible value creation. Our Integrated Report, themed ‘Lasting Change – Evolution in Sustainability,’ reflects how we are strengthening sustainability across every aspect of our institution while ensuring that education remains purposeful and compassionate. We are also proud to be among the early adopters of SLFRS 1 and SLFRS 2, as we believe that credible sustainability reporting is fundamental to building trust. Above all, I give glory to God for His grace and guidance, which continue to shape our journey as an institution grounded in purpose.”

The TAGS Awards recognition further strengthens Oxford College of Business’s reputation as a governance-led, sustainability driven education provider, complementing its recent national and international accolades in integrated reporting, sustainability reporting, workplace culture, and brand trust. Together, these recognitions reflect a holistic model of institutional excellence one that integrates academic quality, ethical governance, sustainability leadership, and stakeholder-centric value creation into a unified strategy.

As Sri Lanka’s higher education sector continues to evolve amid digital disruption, global competition, and rising expectations for accountability, Oxford College of Business remains committed to setting benchmarks for responsible education. By aligning international reporting standards with local impact and embedding sustainability into both its operating model and academic philosophy, Oxford College of Business continues to shape future ready leaders who are equipped to create lasting change for society and the economy.

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Oxford College of Business, Sri Lanka’s foremost private higher education institution, has reaffirmed its leadership in governance excellence, with its Annual Report 2024/2025 titled “Lasting Change” being adjudged one of Sri Lanka’s Ten Best Integrated Reports at the CMA Excellence in Integrated Reporting Awards 2025. Oxford College of Business also secured a second honor — the prestigious title of Best Integrated Report – Higher Education Sector, solidifying its position as the benchmark for future-ready reporting in the academic sector.

Elite Recognition for Integrated Reporting Excellence

Presented for the 11th consecutive year, the CMA Excellence in Integrated Reporting Awards are among Sri Lanka’s most respected recognitions of corporate accountability. The awards evaluate and spotlight organizations that demonstrate transparent, credible, and strategically aligned communication through their annual reports. They recognize excellence based on integrated financial and non-financial disclosures including environmental performance, social impact, risk strategy, governance ethics, and forward-looking stakeholder value creation. With ESG rapidly becoming a cornerstone of business resilience, the CMA Awards highlight institutions that not only publish results — but articulate a compelling narrative of purpose-driven, responsible growth.

This year’s judging panel praised Oxford College of Business for its detailed value creation model, clarity of ESG progress, and bold commitment to integrated thinking as a driver of national advancement and human capital upliftment.

Competing Among Sri Lanka’s Most Influential Corporates
Oxford College of Business joined an elite circle of organizations recognised among Sri Lanka’s Ten Best Integrated Reports, standing alongside some of the nation’s most powerful and respected listed corporates — including John Keells Holdings, Hemas Holdings PLC, Commercial Bank PLC, NDB PLC, National Savings Bank, Bank of Ceylon, Hayleys Fabrics PLC, LB Finance PLC, Dipped Products PLC, Heycarb PLC, Softlogic Life Insurance PLC, and Talawakelle Tea Estates PLC.

In a moment of immense pride, Oxford College of Business emerged as the only private limited company to be honoured among these leading corporates. This rare achievement highlights OCB’s ability to deliver corporate-grade governance and reporting excellence within the higher education sector — outperforming organisations with far greater market capitalization and operational scale.

Raising the Bar for Accountability in Higher Education

This achievement signals a profound shift in the role that learning institutions now play in shaping economic responsibility and ethical societal progress. It underscores that modern higher education must go beyond the lecture hall — demonstrating integrity, accountability, and strategic maturity equal to that of the nation’s leading corporates.

Oxford College of Business continues to champion an educational environment where governance excellence directly contributes to national competitiveness, future workforce readiness, and sustainable transformation.

Purpose-Driven Value Creation

Speaking on this milestone, Malindu Ranasinghe, Director/CEO of Oxford College of Business, shared: “Integrated reporting is a reflection oforganizational truth — it shows who we are behind the achievements. To be named among the top ten integrated reports in Sri Lanka, and the best in our sector, validates our belief that education must serve as a catalyst for sustainable transformation. We are honored to stand alongside the nation’s most influential corporates — and to do so as the only private limited company in their ranks. Above all, I give glory to God for His grace, guidance, and faithfulness that continue to lead our institution forward.”

He further emphasized that the report serves as “a transparent mirror to the world, showcasing how Oxford College of Business drives intellectual progress, economic value, and societal advancement through a single integrated strategy.”

Adding to this, Dr. Steve McPeake, Dean of Oxford College of Business, highlighted the academic significance of this achievement: “Integrated reporting represents the convergence of knowledge, accountability, and impact — values that are deeply embedded in our academic framework. This recognition demonstrates that higher education can lead not only to teaching and research but to responsible governance and value creation. At Oxford College of Business, we are preparing future leaders who understand that business performance must advance society — and this award reinforces that our philosophy is not only taught but practiced.”

A Future-Ready Model for Responsible Capitalism

This recognition highlights OCB’s consistent focus on aligning global reporting standards with local impact — ensuring that every dimension of its business model contributes meaningfully to Sri Lanka’s sustainability agenda, ethical economic trajectory, and human development goals.

As the country looks ahead to a new era of resilience and competitiveness, Oxford College of Business stands as a powerful testament to how higher education can lead national transformation — not only through academic excellence, but through governance leadership.

Through continuous innovation in reporting frameworks, digital transparency, accountability systems, and stakeholder engagement, Oxford College of Business continues to redefine what a modern Sri Lankan education brand can represent. This award adds to a growing list of national and international accolades that validate OCB’s position not just as an educational institution — but as a sophisticated, governance-driven organization shaping the future of private higher education in the region.

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