As an organization Aitken Spence places great emphasis on good governance as well as stake holder engagement. We believe that both these factors are integral for any business entity to be successful. Our business practices are constantly aligned with the changing social needs and expectations, ensuring that our progress isn’t isolated.
The commitment to doing what is right is at the foundation of effective governance. And our belief is that for good business to continue, all stakeholder views and suggestions must be taken into account, an outlook that has earned us a platinum rating in Corporate Accountability. We will continue to uphold a culture of constant improvement whilst upholding the highest standards of corporate governance.
With multiple and diverse relationships built on trust, mutual respect and understanding over time, continued stakeholder engagement is the bedrock of our Company. This provides us the opportunity to further align our business practices with societal needs and expectations, helping to drive long-term sustainability and shareholder value.
We are one of the first Sri Lankan Companies to become a signatory of the United Nations Global Compact and have been a member of the steering committee of its Local Network since 2006. Through this initiative we became a part of a global movement of over 8,000 corporate participants from amongst the world’s leading companies in each sector; partnering the largest corporate citizenship initiative in the world. In 2011, Aitken Spence PLC was amongst the first set of organisations in the World to become signatory to the Women’s Empowerment Principles of UN Women.
Aitken Spence also endorses the Human Rights Protection Framework developed by the Business Leaders Initiative on Human Rights (BLIHR) as a guide for integrating human rights concerns into business management. Group level policies, practices, and procedures have been evaluated in line with the essential and expected action points of the framework as well as other voluntary endorsements such as the Ten Principles of the UN Global Compact and the Women’s Empowerment Principles. The network of Human Resource Partners of Aitken Spence PLC proactively lead initiatives for personal and professional development of the workforce. Support Givers for human rights at the workplace have been appointed at all key SBUs as an additional support system and have been educated on the BLIHR framework, and the policies, procedures and practices in place in the Company. The Support Givers are expected to convey any concerns identified to the respective Human Resource Partner(s) of the Company. Over 50% of the total workforce of the Company is covered by collective bargaining agreements. The Company’s Code of Ethics has been communicated to all employees and all operations are assessed for risks related to corruption, occupational health and safety and impacts on the environment.