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90 CA Sri Lanka Integrated Annual Report 2024

Cutting Edge Global Standards

A significant milestone of this landmark event was the integration of Artificial Intelligence (AI) into the
evaluation process. This signified a new era in corporate reporting evaluation, highlighting CA Sri Lanka’s
dedication to innovation and alignment with global best practices.

The event was graced by Chief Guest Mr Tetsuya Yamada, Chief Representative of the Sri Lanka Japan
International Cooperation Agency (JICA), and Guest of Honour Senior Prof. D B P H Dissabandara,
Chairman of the Securities and Exchange Commission of Sri Lanka, alongside key representatives from
CA Sri Lanka and the Colombo Stock Exchange.

Key Focus Areas of TAGS Awards

Encouraging Best Practices
The awards serve as a catalyst for companies to enhance their reporting
standards, ensuring alignment with international frameworks and industry
benchmarks.
Recognizing Industry Leaders

The awards celebrate the efforts of organizations that prioritize transparency and
governance, setting an example for others to follow

Strengthening Investor Confidence

Accurate and transparent reporting builds investor trust, fostering stronger
stakeholder relationships and long-term corporate success

Promoting Sustainability

By emphasizing environmental, social, and governance (ESG) factors, the awards
drive businesses to integrate sustainable practices into their core operations.

The TAGS Compliance Badge
CA Sri Lanka launched the TAGS Compliance Badge on March 27, 2024, in partnership with the Colombo
Stock Exchange (CSE), at ‘Ring the Bell’ ceremony, signifying corporate adherence to best practices in
transparency, accountability, governance, and sustainability (TAGS).

The TAGS Compliance Badge serves as a benchmark for companies committed to ethical and
transparent reporting. Featured on the CSE website, it enhances credibility, strengthens investor
confidence, and differentiates responsible businesses in the marketplace.

By launching the TAGS Compliance Badge, CA Sri Lanka continues to lead in fostering excellence
in corporate reporting, ensuring Sri Lankan businesses meet evolving stakeholder expectations and
international standards.