Fauji Fertilizer wins award

KARACHI: Fauji Fertilizer Company Limited received best corporate and sustainability report award, a statement said.
The Institute of Chartered Accountants of Pakistan (ICAP) and the Institute of Cost and Management Accountants of Pakistan on Friday jointly organised the award ceremony.
The objective is to give recognition to excellence in corporate and sustainability reporting.
ICAP President Yacoob Suttar said the best corporate report award was launched in the year 2000 with the main objective of promoting excellence in and improving disclosure relating to corporate reporting in Pakistan.
Another award namely ‘best sustainability report’ was launched in the year 2011 aimed at creating awareness about social and corporate responsibility other than financial information.
Suttar said companies need to communicate more clearly, openly and effectively with investors and other stakeholders about how they plan to grow in a sustainable way.