Fauji Fertilizer
Company (FFC) given top ranking from ICAP / ICMAP for its Annual Report and
Sustainability Reports (2016).
Fauji Fertilizer
Company’s Annual Report 2016 has been awarded the Overall Top Position in all
categories, besides being placed First in the Chemical Sector, of the Best
Presented Annual Reports Awards organized by the joint committee of the
Institute of Chartered Accountants of Pakistan (ICAP) and Institute of Cost and
Management Accountants of Pakistan (ICMAP), in recognition of transparent
reporting and good governance practices adopted by the Company. This is the 11th
Overall Top placement in the best annual report competition, whereas the first
place in the Chemical Sector has been secured for the 13th time by
the Company.
The Company’s Sustainability Report 2016
was also awarded the First Position in this Category. This year marks FFC’s
third year in a row as market leaders in International standard reporting.
FFC Sustainability Report abides by the
global standards of reporting, adhering to GRI standards, IR framework
integrated reporting linked to the Sustainable Development Goals. FFC is also a
proud member of United Nations Global Compact (UNGC) and submits COP
report.
This award reflects the company’s
commitment towards sustainable and responsible business practices which has
been the hallmark of FFC since four decades.
On this landmark
occasion, the Chief Executive & Managing Director of FFC, Lt Gen
Shafqaat Ahmed (Retd) congratulated the Management on their exemplary
performance. He further stated that these awards are a testament to the
hard-work and focused approach of the Management towards compliance with the
international accounting standards, the Companies Ordinance, Code of Corporate
Governance, besides adhering to the highest standards of reporting.
He thanked the
shareholders for reposing their trust in FFC, and reaffirmed the Company’s commitment
to safeguard shareholders interests without compromising on integrity and
governance.
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