Piramal Enterprises (PEL) (‘PEL’, NSE: PEL, BSE: 500302) has been ranked 1st in India and 6th globally, for its FY2018 Annual Report by the League of American Communications Professionals (LACP), at the Vision Awards Annual Report Competition 2017-18.
Additionally, PEL has also won the Platinum Award (Rank 1st globally) in ‘Conglomerates’ category and the Gold Award (Rank 2nd globally) in ‘Financials’ category globally. PEL’s ranking has consistently improved over the last 3 years.
PEL’s FY2018 Annual Report, titled ‘30 Years of Responsible Entrepreneurship’, presented the company’s journey over the last three decades. It also demonstrated the Company’s ability to constantly transform itself in the ever-changing external environment, while remaining focused on its core values of knowledge, action care and impact, thereby delivering sustained long-term value for all its stakeholders.
Some of the other global companies in the Top-100 rankings were: Hyundai Elevator (rank #5), Cisco Systems, Inc. (rank #19), Deloitte (rank #21), Panasonic Corp. (rank #34), Emerson (rank #66), BMW Group (rank #67), Daimler AG (rank #68), Coca-Cola FEMSA (rank #69), Citigroup (rank #75) and Intel (rank #98).
Mr. Vijay Shah, Executive Director, Piramal Enterprises Limited, said, “We are delighted that Piramal Enterprises Limited’s Annual Report has once again been recognised by LACP at the Vision Awards, alongside some of the top global companies. 1st rank in India and 6th rank globally, clearly demonstrates our commitment to excellence in reporting and is a testament to our continued efforts at improving the quality and transparency of our disclosures, that facilitate informed decision making by our stakeholders.”
The League of American Communications Professionals LLC (LACP) is an association established in 2001 to create a forum within the public relations industry, that facilitates discussion of best-in-class global practices within the profession while recognising those that demonstrate exemplary communication capabilities.
The Vision Awards benchmark and recognise best practices in international financial reporting, and is one the largest annual report competitions in the world. In 2017-18, these Awards drew an unprecedented number of submissions from companies across a broad range of industries and organisation sizes. Over 6,000 entries were received this year, that included several Fortune 500 companies, from more than 24 countries.