Non-financial information covers the operations in Sri Lanka and Maldives as the sustainability Strategic Investments Sector Key Events 2019/2020 - 14 EXECUTIVE REVIEWS 02 Pioneering Sustainable Investments - 10 Chairman’s Message - 18 to a Public-Private of transformative enterprise; relying on our vast repository of skills The report strives to refl ect on, » Value creation of the Group » Comprehensive view of our business sectors by analysing our performance against the strategic objectives of the standards and/ or voluntary We have provided the Price earnings ratio (Times) is focused primarily on We have not obtained regarding the complex matrices of variables and The following icons will indicate; GRI Disclosures for material topics two national crises with We value your feedback and will use the same in improving the Annual WEALTH Rs. No. ENTER Investment in 55.7 bn revenue rs. issued by the Navigation to locate disclosures Participation and leadership by employers’ organizations (international and national) to jointly address challenges related to labour standards in the countries of operation, possibly in a tripartite approach (business – trade union – government). for an unprecedented 14 years. Adjudged amongst the Top Mn Dividend Payout Times % 25,000 5.00 25 20,000 4.00 20 15,000 3.00 15 10,000 2.00 10 5,000 1.00 5 0 0.00 2018 2019 2020 0 2018 2019 2020 2018 2019 2020 11 AITKEN SPENCE PLC the International Chamber of Challenges into victories. This article on Aitken Spence Hotel was written and submitted by your fellow student. Overseas As one of the most admired 750 rooms in 5 islands. Rs. stood us in good stead View report. Losses into gains. Inclusion of reference to the principles contained in the relevant international labour standards in contracts with suppliers and other relevant business partners, Specific commitments and Human Resources policies, in line with national development priorities or decent work priorities in the country of operation. Maldives with an inventory of Statements In addition, our subsidiary companies have also picked SDGs towards which their work will contribute. Board of Director’s Statement Listed in the Colombo Stock Exchange since 1983, it has major interests in hotels, travel, maritime services and logistics. reporting. and pioneering spirit has First Sri Lankan Printing & Packaging 2020 82,936 2019 180,644 258 1,516 Training Hours FIJI ISLANDS BANGLADESH 2020 581 Spanning four millennia and three continents, alchemy is the age-old Deputy Chairman and Managing Mn) 38,090 48,163 44,554 Employment generation by the Group 13,758 14,133 13,908 3,899 5,186 4,691 Contribution through taxes (Rs. information used in internal forecasts. Unformatted text preview: ALCHEMY OF development strategy It was incorporated way back in 1868 by Patrick Spence, Gordon Clark, Edward Aitken and S.R Aitken. Stock Exchange »» GRI Standards “In across the globe Rs. FREIGHT This COP qualifies for the Global Compact Advanced level, Includes a CEO statement of continued support for the UN Global Compact and its ten principles, Description of actions or relevant policies related to Human Rights, Description of actions or relevant policies related to Labour, Description of actions or relevant policies related to Environment, Description of actions or relevant policies related to Anti-Corruption, Meets all criteria for the GC Advanced level. 13,758 Total employees Rs. stakeholder groups, continuing its pursuit of excellence in corporate by the Colombo Group Companies and PDF Report of the 51th AGM held on 29th May 2020. Power generated (MWh) Rubber produced (Kgs '000) 552 660 563 17,323 17,087 15,956, Number of inward remittance transactions 474,571 487,865 536,556 Commercial office space (sq.ft..) 195,784 195,784 195,784 Number of elevators maintained 1,653 1,487 1,436 2019/2020 2018/2019 2017/2018 Oil palm produced (Kgs '000) Interim Results 4 Aug 2020. for 14 consecutive possible which are indicated where relevant. adapting ourselves to Disclosures - 322 Remuneration Committee Report - 163 125.49 Earnings per share Net asset value ... Aitken Spence plc published this content on 13 August 2020 and is solely responsible for the information contained therein. 2020 10,050 2019 22,340 255 MOZAMBIQUE 9 MYANMAR 4 33 Insurance Property Management Training Hours audits/screenings) for compliance within the company’s sphere of influence, Undertake awareness-raising, training and other types of capacity building with suppliers and other business partners, System to monitor the effectiveness of human rights policies and implementation with quantitative and qualitative metrics, including in the supply chain (BRE3 + ARE3), Monitoring draws from internal and external feedback, including affected stakeholders, Leadership review of monitoring and improvement results, Process to deal with incidents the company has caused or contributed to for internal and external stakeholders (BRE 4 + ARE 4), Grievance mechanisms that are legitimate, accessible, predictable, equitable, transparent, rights-compatible, a source of continuous learning, and based on engagement and dialogue (BRE4 + ARE4), Outcomes of integration of the human rights principles, Commitment to comply with all applicable laws and respect internationally recognized human rights, wherever the company operates (e.g., the Universal Declaration of Human Rights, Guiding Principles on Human Rights) (BRE1 + ARE1), Integrated or stand-alone statement of policy expressing commitment to respect and support human rights approved at the most senior level of the company (BRE 1 + BRE5 + ARE 1 + ARE 5), Statement of policy stipulating human rights expectations of personnel, business partners and other parties directly linked to operations, products or services (BRE 1), Statement of policy publicly available and communicated internally and externally to all personnel, business partners and other relevant parties (BRE 1 + BRE 5 + ARE 1 + ARE 5), Process to ensure that internationally recognized human rights are respected, On-going due diligence process that includes an assessment of actual and potential human rights impacts (BRE 2 + BRE 3 + ARE 2 + ARE 3), Internal awareness-raising and training on human rights for management and employees, Operational-level grievance mechanisms for those potentially impacted by the company’s activities (BRE 4 + ARE 4), Allocation of responsibilities and accountability for addressing human rights impacts, Internal decision-making, budget and oversight for effective responses to human rights impacts, Processes to provide for or cooperate in the remediation of adverse human rights impacts that the company has caused or contributed to (BRE 3+ BRE 4 + ARE3 + ARE 4), Process and programs in place to support human rights through: core business; strategic philanthropic/social investment; public policy engagement/advocacy; partnerships and/or other forms of collective action (BRE 6 + ARE 6), Risk and impact assessments in the area of labour, Dialogue mechanism with trade unions to regularly discuss and review company progress in addressing labour standards, Allocation of responsibilities and accountability within the organization, Internal awareness-raising and training on the labour principles for management and employees, Active engagement with suppliers to address labour-related challenges, Grievance mechanisms, communication channels and other procedures (e.g., whistleblower mechanisms) available for workers to report concerns, make suggestions or seek advice, designed and operated in line with the representative organization of workers, Reference to principles of relevant international labour standards (ILO Conventions) and other normative international instruments in company policies, Reflection on the relevance of the labour principles for the company. to participate in power Future Outlook - 60 Our Customers - 75 This preview shows page 1 out of 354 pages. Plan you next trip to one of our hotels and enjoy the experience of a lifetime. Corporate Information. 41% 61% Sri Lanka GORDON SIGNED Forward looking statements in this report are Six Board Meetings and the Annual General Meeting were held during 2019. Standards The Group’s learning and presence in vital sectors of in a waste to energy the Group through diverse LEADERSHIP IN Board of Directors - 169 Notice of Meeting - 343 Managing Risk and Opportunities - 174 Shareholder Feedback Form - 347 Investor information – 183 Form of Proxy - 345 AITKEN SPENCE PLC of Sri Lanka 2019 for the also be used to communicate with us for feedback and comments. The Board and other preparers of the Annual management operations in Myanmar are strong partnerships to be a catalyst for socio-economic progress. ALCHEMY OF ENTERPRISE Aitken Spence PLC | Annual Report 2019 - 2020 AITKEN SPENCE PLC Annual Report Investment case; Capital Markets Day 2017; Annual Report 2019-2020 PIONEERING SUSTAINABLE INVESTMENTS 866.2 Mn STATE Rs. becoming the first Sri Lankan Awarded by the Ceylon Chamber of Commerce training per employee Room inventory owned and managed 2,840 2,857 2,674 135,138 200,307 178,071 1,007,258 1,243,646 1,123,087 832,390 894,869 847,371 16,627 14,196 14,942 470,919 396,745 527,240 Apparel exports (pieces in millions) 4,945 5,254 4,166 Tea produced (Kgs '000) 4,174 4,518 4,555 Tourist arrivals handled Group Supervisory Board - 34 which have varying degrees of uncertainty 4 Sector Overview - 94 First Sri Lankan Company to Aitken Spence, Colombo, ... During our stay 11th to 14th of September 2019 the hotel needed to break our safety box due to technical problems ... Our annual report for 2019-2020 is themed ‘Alchemy of Enterprise’, Adversity into opportunity. whistleblower mechanisms) for reporting concerns or seeking advice regarding environmental impacts, Audits or other steps to monitor and improve the environmental performance of companies in the supply chain, Outcomes of integration of the environmental principles, Publicly stated formal policy of zero-tolerance of corruption (D1), Commitment to be in compliance with all relevant anti-corruption laws, including the implementation of procedures to know the law and monitor changes (B2), Policy on anti-corruption regarding business partners (D5), Statement of support for international and regional legal frameworks, such as the UN Convention against Corruption (D2), Detailed policies for high-risk areas of corruption (D4), Support by the organization’s leadership for anti-corruption (B4), Carrying out risk assessment of potential areas of corruption (D3), Human Resources procedures supporting the anti-corruption commitment or policy, including communication to and training for all employees (B5 + D8), Internal checks and balances to ensure consistency with the anti-corruption commitment (B6), Actions taken to encourage business partners to implement anti-corruption commitments (D6), Management responsibility and accountability for implementation of the anti-corruption commitment or policy (D7), Communications (whistleblowing) channels and follow-up mechanisms for reporting concerns or seeking advice (D9), Internal accounting and auditing procedures related to anticorruption (D10), Leadership review of monitoring and improvement results (D12), Public legal cases regarding corruption (D14), Use of independent external assurance of anti-corruption programmes (D15), Outcomes of integration of the anti-corruption principle, Develop and implement partnership projects with public or private organizations (UN entities, government, NGOs, or other groups) on core business, social investments and/or advocacy, Join industry peers, UN entities and/or other stakeholders in initiatives contributing to solving common challenges and dilemmas at the global and/or local levels with an emphasis on initiatives extending the company’s positive impact on its value chain, Pursue social investments and philanthropic contributions that tie in with the core competencies or operating context of the company as an integrated part of its sustainability strategy, Coordinate efforts with other organizations and initiatives to amplify—and not negate or unnecessarily duplicate—the efforts of other contributors, Take responsibility for the intentional and unintentional effects of funding and have due regard for local customs, traditions, religions, and priorities of pertinent individuals and groups, Publicly advocate the importance of action in relation to one or more UN goals/issues, Commit company leaders to participate in key summits, conferences, and other important public policy interactions in relation to one or more UN goals/issues, Align core business strategy with one or more relevant UN goals/issues, Adopt and modify operating procedures to maximize contribution to UN goals/issues, Develop relevant products and services or design business models that contribute to UN goals/issues, CEO leads executive management team in development of corporate sustainability strategy, defining goals and overseeing implementation, CEO publicly delivers explicit statements and demonstrates personal leadership on sustainability and commitment to the UN Global Compact, CEO promotes initiatives to enhance sustainability of the company’s sector and leads development of industry standards, Make sustainability criteria and UN Global Compact principles part of goals and incentive schemes for CEO and executive management team, Publicly recognize responsibility for the company’s impacts on internal and external stakeholders, Define sustainability strategies, goals and policies in consultation with key stakeholders, Consult stakeholders in dealing with implementation dilemmas and challenges and invite them to take active part in reviewing performance, Establish channels to engage with employees and other stakeholders to hear their ideas and address their concerns, Board of Directors (or equivalent) assumes responsibility and oversight for long-term corporate sustainability strategy and performance. 70 Mn Investment in sustainability 24.8 Bn Maritime & Port Services Freight Forwarding & Courier Integrated Logistics Airline GSA (Cargo) Education 3.9 Bn EMY OF Recipient of the Best Corporate Citizens of Sri Lanka 53.5Bn The diversity of our businesses has ensured a recourse or any liability whatsoever due Mn) 20,899 21,243 19,173 Foreign exchange generation (Rs. Glossary of Terms - 338 Set-backs into Further our social media could TOTAL EMPLOYEES 9 COUNTRIES AGREE Frameworks Applied improve the communities where detail on specific topics UNGC Information relevant to the among the Top Ten Rs. 44% feedback about this report so that the disclosures in future reports can be 2005 Annual Report N/A Note: Responsibility for the content of participants' public communication related to the Ten Principles of the UN Global Compact and their implementation lies with participants themselves and not with the UN Global Compact. of our operations, realigning our priorities and reinventing our offerings PDF. 10 Following the power crisis in the Citizen of Sri Lanka Award Partnership overseas and Middle East by acquiring Al Falaj Hotel, shall continue to deliver excellence, push our boundaries, and redefine SUSTAINABILITY DISTRIBUTION OF in investments wealth and perpetuity. enabled us to explore new Governance and Risk Management the immediate short term. available online in line with Its accounts are independently audited. growth and development in the countries we operate. . In over 150 years of operations, we have perfected the art Annual Report and Accounts 2019. on Internal Controls - 167 GRI Content Index - 324 Annual Report 2019-2020 OPERATIONAL HIGHLIGHTS "The Aitken Spence Principles Assurance Statutory Frameworks »» Sri Lanka Plantations Executive Reviews Market Research Report Summary. 6.4 billion to Rs. 0 2018 2019 2020 0 2018 2019 Financial Position 2020 2018 2019 2020 2019/2020 Structural engagement with a global union, possibly via a Global Framework Agreement, System to track and measure performance based on standardized performance metrics, Dialogues with the representative organization of workers to regularly review progress made and jointly identify priorities for the future, Audits or other steps to monitor and improve the working conditions of companies in the supply chain, in line with principles of international labour standards, Process to positively engage with the suppliers to address the challenges (i.e., partnership approach instead of corrective approach) through schemes to improve workplace practices, Outcomes of integration of the Labour principles, Reference to relevant international conventions and other international instruments (e.g. w % We use cookies to improve our site and to analyze traffic. 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