Friday, March 11, 2016

Asia Sustainability Reporting Awards 2015 Report Published

The Asia Sustainability Reporting Awards 2015 Report is now available on the awards website.
Or, simply click on the image below to read or download the Report.


Friday, January 29, 2016

Hang Lung Properties clinches top awards at Asia Sustainability Reporting Awards 2015

Hang Lung Properties and Birla Carbon Emerge As Big Winners


Winners of Asia Sustainability Reporting Awards 2015 with British High Commissioner Scott Wightman at Eden Hall in Singapore.


Singapore: Hang Lung Properties, Hong Kong clinched Asia's Sustainability Reporting of the Year Award at the just concluded Asia Sustainability Reporting Awards. Hang Lung also won Asia's Best Sustainability Report Award 2015.
Other top winners included Commercial Bank of Ceylon, Sri Lanka (Asia's Best Integrated Report), Omnicom Media Group MENA, Dubai and ACWA Power, Dubai (Joint winners of Asia's Best First Time Sustainability Report), ADFIAP Philippines (Asia's Best Sustainability Report-SME), Orient Overseas Container Line, Hong Kong (Asia's Best CSR Communication within Annual Report) and Birla Carbon (Asia's Best Online CSR Communication). Birla Carbon also won Asia's Most Transparent Report award.


Winners of the Asia Sustainability Reporting Awards 2015 were announced and felicitated in an exclusive awards ceremony-cum-gala-dinner event in Singapore on 28 January 2016.
The event was attended by dignitaries from diverse fields including business, non-profit, embassies, trade associations, advocacy organisations and academics. A significant number of finalists were present at the event who travelled from different places in Asia to attend the event.
The winners received a specially designed plaque framed by recycled wood. The winner of the top honours, “Asia’s Sustainability Report of the Year,” received an exclusive golden plaque. All finalists received a certificate printed on FSC certified paper sourced from sustainable forests.
In addition, the winners and the finalists will be authorised to use the privileged Asia Sustainability Reporting Awards Icons for branding purpose.
The event was hosted at Eden Hall, the official residence of the British High Commissioner in Singapore. The British High Commissioner His Excellency Scott Wightman was the Guest of Honour.
Winners of various awards categories are listed below.

Asia's Sustainability Report of the Year (Judges' Choice):
Winner: Hang Lung Properties Limited, Hong Kong

Asia's Best Sustainability Report:
Winner:Hang Lung Properties Limited, Hong Kong

Asia's Best Integrated Report:
Winner:Commercial Bank of Ceylon PLC, Sri Lanka
Highly Commended: PT Pertamina EP, Indonesia

Asia's Best First Time Sustainability Report:
Joint Winners: Omnicom Media Group MENA, Dubai and ACWA Power, Dubai"

Asia's Best Sustainability Report (SME):
Winner:Association of Development Financing Institutions in Asia and the Pacific (ADFIAP), Philippines

Asia's Best CSR Communication within Annual Report:
Winner:Orient Overseas Container Line Limited, Hong Kong

Asia's Best Online CSR Communication:
Winner: Birla Carbon
Highly Commended: Maybank, Malaysia

Asia's Best Materiality Reporting:
Winner: Birla Carbon, Aditya Birla Group, India

Asia's Best Stakeholder Reporting:
Winner: Maynilad Water Services Inc., Philippines

Asia's Best Carbon Disclosure:
Winner: Airport Authority Hong Kong.
Highly Commended: Kulim (Malaysia) Berhad

Asia's Best Supply Chain Reporting: 
Winner: Gammon Construction Limited, Hong Kong

Asia's Best Community Reporting:
Winner: YES Bank Limited, India
Highly Commended: StarHub Limited, Singapore

Asia's Best Workplace Reporting:
Winner: Maybank, Malaysia.
Highly Commended: Ayala Corporation, Philippines

Asia's Best Environmental Reporting:
Winner: Maynilad Water Services Inc., Philippines

Asia's Most Transparent Report:
Winner: Birla Carbon, Aditya Birla Group, India

*Visit www.csrworks.com for official announcement of the awards.

Monday, January 25, 2016

Asia Sustainability Reporting Awards Finalists

The winners of the Asia Sustainability Reporting Awards 2015 will be unveiled in an exclusive awards ceremony-cum-gala dinner event on 28 January 2016 in Singapore. The event will be held at Eden Hall and the British High Commissioner His Excellency Scott Wightman will be the Guest of Honour.
The awards will be given in 14 categories. In addition, there will be a "Report of the Year" award to be given as judges' choice.


Here is the list of finalists for the 14 awards categories*:

      1.       Asia’s Best Sustainability Report
                         Airport Authority Hong Kong (Hong Kong, China)
                         Bharti Airtel (India)
                         Cairn India (India)
                          CLP Holdings Limited (Hong Kong, China)
                          Hang Lung Properties Limited (Hong Kong, China)
                          Majid Al Futtaim Properties (UAE)
                         Mahindra & Mahindra Ltd (India)
                         Maybank (Malaysia)
                        Olam International (Singapore)
                        PTT Global Chemical Public Company Limited (Thailand)
                        Singtel (Singapore)
                        Yes Bank (India)

2.       Asia’s Best Integrated Report
        Commercial Bank of Ceylon PLC (Sri Lanka)
                          Kulim (Malaysia) Berhad
                          PT Pertamina EP (Indonesia)
                          The Link Real Estate Investment Trust (Hong Kong, China)


      3.       Asia's Best First Time Sustainability Report
                        ACWA Power (Dubai, UAE)         
                        Cerebos Pacific Limited (Singapore)        
                        MGI Coutier Exotech Industries Pvt Ltd (India)
                        Omnicom Media Group MENA (Dubai, UAE)      
                        PT Pupuk Kujang (Indonesia)     
                        Sime Darby Plantation (Malaysia)

4.       Asia's Best Sustainability Report (SME)
            ACWA Power (Dubai, UAE)
                         ADFIAP (Philippines)
                          MGI Coutier Exotech Industries Pvt Ltd (India) 


5.   Asia's Best CSR Communication within Annual Report 
              Cairn India (India)
                          Commercial Bank of Ceylon PLC (Sri Lanka)
                          EMC Software Services (India)  
                          Orient Overseas Container Line Limited (Hong Kong, China)
                          Telekom Malaysia Berhad (Malaysia)


      6.       Asia's Best Online CSR Communication

                         Birla Carbon (India)
                        Maybank (Malaysia)
                        Indosat (Ooredoo group), Indonesia

      7.       Asia's Best Materiality Reporting
                       Airport Authority Hong Kong (Hong Kong, China)
                       Bangchak Petroleum PLC (Thailand)
                       Birla Carbon (India)         
                       Chunghwa Telecom (Taiwan)
                       Hang Lung Properties Limited (Hong Kong, China)
                       Maynilad Water Services, Inc (Philippines)

8.       Asia's Best Stakeholder Reporting

                         Airport Authority Hong Kong (Hong Kong, China)
                           ADFIAP (Philippines)
                          Bangchak Petroleum PLC (Thailand)
                          Commercial Bank of Ceylon PLC (Sri Lanka)
                          Maybank (Malaysia)
                          Maynilad Water Services, Inc (Philippines)

9.       Asia's Best Carbon Disclosure
             Airport Authority Hong Kong (Hong Kong, China)
                          Cairn India (India)
                          Gammon Construction Limited (Hong Kong, China)
                          Kulim (Malaysia) Berhad
                          Maynilad Water Services, Inc (Philippines)
                          Orient Overseas Container Line Limited (Hong Kong, China)
                           Sime Darby Plantation (Malaysia)
       
    
    10.   Asia's Best Supply Chain Reporting
                    Birla Carbon (India)
                    Gammon Construction Limited (Hong Kong, China)
  
     11.   Asia's Best Community Reporting
                       Birla Carbon (India)
                       Chunghwa Telecom (Taiwan)
                       Commercial Bank of Ceylon PLC (Sri Lanka)
                       Maybank (Malaysia)
                       PT Pertamina EP (Indonesia)
                       PT Semen Indonesia (Persero) Tbk (Indonesia) 
                        PT Wijaya Karya (Persero) Tbk (Indonesia)
                       StarHub Ltd (Singapore)
                        Telekom Malaysia Berhad (Malaysia)
                         YES Bank (India)

12.   Asia's Best Workplace Reporting
          Airport Authority Hong Kong (Hong Kong, China)
                          Ayala Corporation (Philippines)
                          Commercial Bank of Ceylon PLC (Sri Lanka)
                          Maybank (Malaysia)

 
     13.   Asia's Best Environmental Reporting

                      Airport Authority Hong Kong (Hong Kong, China)
                      Bangchak Petroleum PLC (Thailand)
                      Birla Carbon (India)
                       Maynilad Water Services, Inc (Philippines)
                      Orient Overseas Container Line Limited (Hong Kong, China)
                       SM Prime Holdings (Philippines)
                      UOL Group Limited (Singapore)        
                       Wheelock Properties (HK) Limited (Hong Kong, China)


    14.   Asia's Most Transparent Report
                Birla Carbon (India)
                     Cairn India (India)
                     Chunghwa Telecom (Taiwan)
                     CLP Holdings Limited (Hong Kong, China)
                     Maybank (Malaysia)
                     PT Pertamina EP (Indonesia)
                      SM Prime Holdings (Philippines)

 *Please visit the awards web page for the official list of finalists.

About the AwardsThe Asia Sustainability Reporting Awards recognise and honour sustainability reporting leaders in Asia. The Awards celebrate best practices in sustainability reporting and communications. Our vision for the Asia Sustainability Reporting Awards is to become the most inspiring recognition of sustainability disclosure in Asia.
The Awards are open to all types and sizes of private, public and non-profit organisations in all sectors who produce a sustainability report in Asia. An independent panel of judges with distinguished backgrounds evaluates the entries to decide the winners.

About CSRWorksThe Asia Sustainability Reporting Awards is a not-for-profit initiative of CSRWorks International, Singapore’s leading sustainability advisory, research and training firm with more than 10 years of track record. CSRWorks closely works with businesses and other stakeholders to promote excellence in sustainability across the region. Our vision for the Asia Sustainability Reporting Awards is to become the most inspiring recognition of sustainability disclosure in Asia.

For more information about the Awards, please visit: www.csrworks.com

Monday, December 14, 2015

Singapore Creative CSR Awards: Entries open

Pleased to share that CSRWorks is supporting Singapore Creative CSR Awards as a strategic partner as well as advisors for the Awards.


Wednesday, October 07, 2015

5 Things You Should Know About The Asia Sustainability Reporting Awards 2015

The recently announced Asia Sustainability Reporting Awards (ASRA) have created a lot of buzz among the sustainability reporters and professionals. Here are the 5 things you may not know about the #ASRA Awards:

  1. The Asia Sustainability Reporting Awards 2015, the first edition, are the only Asia-level sustainability reporting awards. The awards' mission is to becoming the most inspiring recognition for sustainability reporting excellence. The Awards will be offered annually.
  2. The Awards will be judged by an independent panel of international judges with distinguished backgrounds. The judging panel information is available on the Awards website.
  3. The Awards are being offered in 14 categories. Sustainability topics may be unique to a company, sector or country. The range of categories means no aspect of sustainability excellence is left out.
  4. The Awards are a not-for-profit multi-stakeholder initiative led by Singapore's leading sustainability advisory firm CSRWorks International. According to CSRWorks, “the Asia Sustainability Reporting Awards will create a much needed platform for sharing best practices, bench marking and peer learning by bringing together the leaders in sustainability reporting. Moreover, the Awards will provide an excellent opportunity to organisations to showcase their sustainability excellence and build trust among their stakeholders. ” Those who wish to support, sponsor or partner the Awards are welcome to be part of the initiative.
  5. The entry fee for the Awards is kept at minimal to just cover the admin expenses and the cost of the Awards Function Gala Dinner for the participating companies.
If you support and encourage sustainability disclosure by companies, please help create awareness about these awards and tell us how would you like to be part of these awards.
You can also nominate your favorite companies who you think have a commendable sustainability report or communication.

Tuesday, September 29, 2015

Asia Sustainability Reporting Awards 2015 update

Newly launched Asia Sustainability Reporting Awards aspire to become the most inspiring recognition for sustainability reporting excellence in Asia. The 2015 edition of the Awards is open for entries now.
An independent panel of judges with distinguished backgrounds will judge the entries and decide the winners. The Awards are being offered in 14 categories including Asia’s Best Sustainability Report, Asia’s Best Integrated Report, Asia’s Best Sustainability Report (SME), Asia’s Best First Time Sustainability Report and other specialized categories with focus on carbon disclosure, stakeholders, supply chain, community and many more.
The Awards, an multi-stakeholder initiative by CSRWorks, Singapore’s leading sustainability advisory firm,  have already garnered considerable attention as well as support from diverse organisations; being the foremost and the only Asia-level awards for sustainability reporting.
CSRWorks explains their decision to create these regional Awards: “An increasing number of companies in Asia are embarking on sustainability reporting in line with global trends. Our aim is to encourage and promote sustainability disclosure by honouring those who have demonstrated leadership in sustainability reporting.”
According to CSRWorks, “the Asia Sustainability Reporting Awards will create a much needed platform for sharing best practices, bench marking and peer learning by bringing together the leaders in sustainability reporting. Moreover, the Awards will provide an excellent opportunity to organisations to showcase their sustainability excellence and build trust among their stakeholders. ”
Entries are welcome from all types of organisations from all sectors; all types of sustainability communication and disclosure will be accepted.
Early bird submissions end on 26th October 2015 and final submission deadline on 23rd November 2015. The winners will be announced in mid-January 2016 in an awards function in Singapore.
Further details on partnership opportunities, judging panel and how to enter are available here.

For more information, please contact:
Ms Zi Jin Wong
Email: zijin.wong@csrworks.com

Sunday, September 27, 2015

The politics of the market

China’s unprecedented stock market crash in the recent weeks shows the dangers of investing in a market which is heavily manipulated by the government, lacks transparency and fundamentals are unknown.
The government media and machinery worked tirelessly to promote bullish behaviour by openly encouraging retail investors to buy more shares. And people did invest as if the bull run will never end. The government campaign resulted in 40 million new stock accounts between June 2014 and June 2015 and the Shanghai Composite Index went up by 150 per cent in the same period. When the market crashed, the government tried to manipulate the market again by pumping more than $200 billion in stock markets to stop the rout only to realise it can’t possibly stop the free fall. The government is now left red faced and embarrassed.
China’s leaders have viewed the rising stock market, erroneously, as a sign of the country’s economic might and a necessary manifestation of their growing global influence. A falling stock market therefore is perceived a sign of political weakness. This explains why the government panicked over the crash and started an extraordinary rescue operation. Short selling was capped. Pension funds were ordered to buy more stocks. New Initial Public Offerings were suspended to limit the supply of shares and the central bank created funds for brokers to buy shares. Companies major shareholders were barred from selling their shares for six month and companies were ordered to buy their own shares. Nothing worked.
There are some intriguing facts. Even though the stock market lost almost one third of its value over the weeks, it was still 80 per cent higher than the last year. Foreign investors do not account for significant share of stock trading. Less than 5 per cent local household assets are invested in stock market. State-owned companies dominate the two main stock exchanges- Shanghai Stock Exchange and the Shenzhen Stock Exchange. State-owned companies offer only a tiny part of their shares for trading to maintain their control over the company. In other words, these companies don’t really rely on stock markets for raising capital. In summary, stock markets do not play a significant role in China’s economy. It’s actually the politics that believes that booming stock markets reflect the government’s success in reforms and a fall erodes the government leaders credibility.
Governments everywhere, particularly in developed countries, try to prop up stock markets by intervening when they have to. But in their case, the stock markets account for more than 100 per cent of their GDP and the stakes are high. The way the Chinese government has intervened is more than just business.
It’s this sensitivity which led to the arrest of journalist Wang Xiaolu who worked for Caijing magazine and wrote in an article that the government was going to end interventions in the stock market. He was promptly arrested saying he “caused panic and disorder at stock market, seriously undermined the market confidence and inflicted huge losses on the country and investors for the sake of sensationalism.” His video confessions were aired on the state-owned TV channel CCTV. He is seen apologising for his news story in the video.

Press Freedom
The authorities have warned other journalists and media outlets not to give too much coverage to stock market problems. Dozens of other people have been arrested in connection with the stock market crash facing accusations of insider trading, malicious short selling and spreading online rumours about stock markets.
The journalist’s arrest has turned the stock market crash story into a human rights and media freedom story. Media rights and human rights groups, within and outside China, have openly criticized the government move.
The key question is this: will the government slow down the market reforms after failing to control the stock market crash and go back to the tight control over the markets? What incentive it now has to reform the markets to let them function on economic fundamentals and transparency instead of driving through propaganda? The coming months will be crucial to watch.

This article, written by me, originally appeared in Ethical Corporation magazine, Sept 2015 issue.