Alumex PLC, the aluminium extrusion manufacturing giant from Sri Lanka, was presented with a bronze award for its ultimate commitment to transparency and governance at the Asia Integrated Reporting Awards.
The company name was mentioned in the Integrated Report (SME) category for collectively and directly conveying its value creation to stakeholders through consolidated reporting.
Alumex was among the 94 applications in 8 genres coming from 8 countries, and through initial evaluation, only 25 companies from 6 countries marched forward to the showdown. At last, 12 winners were recognised across Asia by a wise judgement board.
The award show was inaugurated, with a speech from the Guest of Honour, British High commissioner to Singapore, Kara Owen and invitees, including over 250 senior business leaders and sustainability heads. Other people were also present, like embassy personnel, academic people, trade organisations and advocacy firms.
The Managing Director of Alumex, Pramuk Dediwela explained: “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 recognised for our efforts to drive value creation for our stakeholders, and thank AIRA for this accolade.”
The core of integrated reporting is value creation which aids companies to implement long-term sustainability into their business module.
This style of integrated reporting consists of value creation via the change or relocation of its capital rather than the usual method of transmitting value creation.
Whereas Alumex is involved in value creation other than purely financial, which revolves around natural and social capital.
The idea of an integrated report is to serve types of data which entitles the onlooker to precisely distinguish the establishment’s capability to build value over some time.
Nowadays, integrated reports are of extreme value to businesses wishing to increase accountability, stewardship and trust.
It caters for investors with the data they require to make a proper capital placement that yields better long-term investment refunds.
A Singaporean sustainability services firm, CSRWorks International, aimed at advisory, preparation and thought leadership, propagates the Asia Integrated reporting Awards (AIRA).
The Managing Director of CSRWorks and AIRA Founder, Rajesh Chhabara remarked: “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.”
Alumex, founded in 1986, specialises in fully integrated aluminium manufacturing with a good profile as a leading supplier of specialised class-a commercial, residential, industrial and architectural aluminium extrusions.
The company’s profound commitment to sustainability was reinstated with the Eco-Label certification of its extrusion division by the Green Building Council of Sri Lanka (GBCSL).
As early as 2019, Alumex stepped into the international market, exporting aluminium products to Australia, Bangladesh, Canada, India, Kenya, Maldives, Nepal, New Zealand, Seychelles, Switzerland, United Kingdom, and the United States.
The company gradually keeps expanding its operations across the globe, with the graph showing a great expansion rate.
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