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Brandix receives Platinum rating in corporate accountability
05 Jan '09
2 min read
Brandix Lanka Limited, Sri Lanka's iconic apparel solutions company, has been accorded a Platinum rating in the country's first 'Report Card' on Corporate Accountability. The globally-respected apparel exporter is one of four corporate entities to score more than the 90 per cent required for Platinum status in this inaugural benchmarking exercise undertaken by STING Consultants and presented by Lanka Monthly Digest (LMD) Sri Lanka's leading business magazine.
Defining Corporate Accountability as 'the moral and legal obligations of companies to be accountable for their actions to all stakeholders,' the assessment covered awareness of, the approach to and a preparedness to accept stakeholder responsibilities in seven areas: corporate values, identifying risks and opportunities, policy coverage, stakeholder engagement, management and measurement, workplace practices and public disclosure.
In their remarks on Brandix the promoters of the Corporate Accountability Rating said: “The unrelenting international competition faced by Brandix in the apparel sector, and its dependence on a large workforce, has led it to focus on accountability with a human face. This is why it places great emphasis on social aspects such as gender equality, training, human rights, strong links with local communities and suppliers, and workplace quality. And of course, it continues to be a globally recognised, sustainable business entity.”
Among the key areas of focus for Brandix in the sphere of corporate accountability are its internationally-recognised dedication to eco-friendly manufacture and its consistent commitment to CSR projects aimed at facilitating access to safe water for needy rural communities. The bulk of the Group's CSR initiatives are conducted under the theme 'Water is Life.' Over the past two years, Brandix has completed hundreds of micro water supply projects in Sri Lanka and donated to the government a Water Research and Training Centre purpose-built and equipped at a cost of Rs 25 million.
Brandix is also at the forefront nationally and globally in efforts to adopt eco-friendly manufacturing. In April 2008, one of the Group's manufacturing plants became the first Platinum rated Green Factory in the world under the LEED (Leadership in Energy and Environmental Design) of the US Green Building Council (USGBC).
Defining Corporate Accountability as 'the moral and legal obligations of companies to be accountable for their actions to all stakeholders,' the assessment covered awareness of, the approach to and a preparedness to accept stakeholder responsibilities in seven areas: corporate values, identifying risks and opportunities, policy coverage, stakeholder engagement, management and measurement, workplace practices and public disclosure.
In their remarks on Brandix the promoters of the Corporate Accountability Rating said: “The unrelenting international competition faced by Brandix in the apparel sector, and its dependence on a large workforce, has led it to focus on accountability with a human face. This is why it places great emphasis on social aspects such as gender equality, training, human rights, strong links with local communities and suppliers, and workplace quality. And of course, it continues to be a globally recognised, sustainable business entity.”
Among the key areas of focus for Brandix in the sphere of corporate accountability are its internationally-recognised dedication to eco-friendly manufacture and its consistent commitment to CSR projects aimed at facilitating access to safe water for needy rural communities. The bulk of the Group's CSR initiatives are conducted under the theme 'Water is Life.' Over the past two years, Brandix has completed hundreds of micro water supply projects in Sri Lanka and donated to the government a Water Research and Training Centre purpose-built and equipped at a cost of Rs 25 million.
Brandix is also at the forefront nationally and globally in efforts to adopt eco-friendly manufacturing. In April 2008, one of the Group's manufacturing plants became the first Platinum rated Green Factory in the world under the LEED (Leadership in Energy and Environmental Design) of the US Green Building Council (USGBC).
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