Karachi, 16 Oct 2023: Lucky Cement Limited secured the title of Best Corporate Report in the Cement Sector Category at the “Best Corporate and Sustainability Report Awards Ceremony 2022”. This accolade was conferred jointly by the Institute of Chartered Accountants of Pakistan (ICAP) and the Institute of Cost and Management Accountants of Pakistan (ICMAP).

On receiving the award, Mr. Atif Kaludi, Chief Financial Officer of Lucky Cement Limited remarked, "We at Lucky Cement Limited uphold governance, compliance, ethics, and transparency as the cornerstone principles guiding our business. This acknowledgment serves as a testament to our consistent efforts to maintain transparency and responsibility across our operations."

Mr. Kaludi went on to emphasize the company's decision to incorporate the International Integrated Reporting Framework within their report, demonstrating their dedication to keeping stakeholders thoroughly apprised of business activities and performance metrics. "Our commitment to enhancing transparency for all stakeholders through detailed reporting has been further solidified with this honour," he noted.

This recognition attests to the company's unwavering focus on best-in-class corporate practices and governance. The company's rigorous policies in areas including IT, whistle-blowing, social responsibility, investor relations, and safety have contributed significantly to this achievement. The award was also underpinned by the company's robust disclosure of its operational environment, strategic goals, risk management techniques, and governance processes.

Since its inception in 2000, the Best Corporate and Sustainability Report (BCSRA) Awards Ceremony, organized by ICAP and ICMAP, has been pivotal in promoting adherence to international best practices in annual report preparation, focusing on transparency. The overarching goal of these awards is to promote the production of timely, accurate, and comprehensive annual reports that cater to investors, regulators, and other interested parties, and to honour organizations that set the gold standard in this domain.