In conversation with Rajesh Chhabara, managing director of CSRWorks International who shares his views on current trends, challenges as well as his future hopes for sustainability reporting in Asia. This interview first appeared in the June issue of CSR Today published from Mumbai, India.
Q: What is the state of sustainability reporting in Asia?
Sustainability reporting is gaining traction in Asia. The number of companies which report is on the rise. We are also seeing a marked improvement in the quality of reports. However, the number of companies which don’t report is significantly higher than the ones that do. So clearly, there is much work to be done.
Q: What is driving sustainability reporting in Asia?
Early adopters started producing sustainability reports to reflect their leadership in responsible business practices. Their peers and competitors began reporting as they did not want to be seen as a laggard. More recently, regulation has become the main driver for those who refused to report voluntarily. Many stock exchanges in Asian countries, including India, Malaysia, Hong Kong, Taiwan, Thailand, China and Singapore have made sustainability reporting mandatory for listed companies. This will result in a dramatic increase in the number of reporting organisations.
Q: Why are regulators taking an interest in sustainability disclosure?
Regulators’ intervention reflects the interests of stakeholders in general. Stakeholders expect businesses to disclose how they manage their social and environmental impacts. In recent years there have been many incidents worldwide where businesses have been accused of putting profit before people and planet. This has created a deficit of trust between businesses and stakeholders. Regulators are making an effort to hold businesses accountable by enforcing disclosure.
Stock exchanges are also under pressure from investors who are increasingly wary of risk surprises emerging from potentially irresponsible business practices by companies they invest in. Increasingly, investors are assessing companies’ long term ability to create value by appraising their approach to managing social, economic and environmental risks. They require full disclosure by companies to evaluate how it is addressing sustainability risks and opportunities.
Q: Is regulatory compliance an effective approach to get companies to adopt sustainable business practices?
Probably not. Regulation should be the last resort. Ideally, companies should report voluntarily and consider sustainability a key element of their overall business strategy. If companies see sustainability reporting as a form of compliance, too often they fail to see the benefits which come with adopting it. Sustainability reporting should be seen as an important strategy for competitive advantage.
Q: What are the common topics that Asian companies report on?
Companies in Asia tend to be strong on community work, charity and philanthropy. Thus, there is more emphasis in these areas in their reporting, which may not necessarily be linked to their business strategy, or may not align with their business goals. There is less focus on those issues which would be more strategic to their businesses, making sustainability reporting more beneficial for business development. However, there is a clear change in the air. There are several companies who have taken a more strategic view of sustainability and value creation. Many of them now have world class reporting on topics such workplace practices, climate change, environmental health and safety, customer experience, anti-corruption, human rights and diversity, just to mention a few.
Q: What do you say to those who think sustainability reporting is a Western concept and not relevant to Asia?
There are always skeptics, and they would want to say that. But Asian businesses operate in a global market and all markets are inter-connected. Even though the trend of sustainability reporting started from the West, there is no reason why we should not follow it here. The reason that the sustainability reporting concept emerged from the West is perhaps because consumers and stakeholders there are more aware of what firms are or are not disclosing. As such, they demand responsibility and accountability from these companies. In turn, firms are responding to these demands and expectations, and this is why they started disclosing information. However, in Asia, this demand is not coming from local stakeholders and consumers yet, because of lack of awareness. But I believe this will change. Young generation in all Asian countries are more aware, more global and they will be more vocal. They will demand responsible products and services as well as responsible behavior from companies they patronize. It will change here, and it will no longer be just a Western idea.
Q: Is sustainability reporting useful for small businesses?
There are many benefits that small businesses can look forward to. For example, if a small firm wants to start business relations with multinational companies, they will need to have sustainability programs in place. If these small firms want to internationalize their business, enter consumer markets in other parts of the world, they will need these credentials because consumers in these markets are highly aware and will expect companies to act responsibly. Another important advantage is access to capital. Small businesses generally have very low access to capital and usually fall under the radar of analysts. But reputation as a sustainable company can increase their visibility to more investors, especially with investors who take into account sustainability performance, such as SRI funds. This helps small businesses open new doors to capital by establishing themselves as firms committed to sustainability.
Another example, if a small business is a significant consumer of energy, focusing on becoming more energy efficient will save cost for them in the long run, and any saving in cost will help them to be more competitive.
Q: It definitely sounds appropriate for small firms to take up sustainability reporting and disclosure as soon as they can. However, what are some difficulties or concerns small firms might face when producing their first sustainability report?
The first challenge will be resources. Producing sustainability reports is a new area, so quite likely there will be no in-house resources. Hence, there will be a need to hire an external consultant. There is a cost to this and small businesses are inclined to be sensitive to any additional costs. Sustainability reporting might seem like a luxury to them, especially if one cannot see any immediate benefits. There is a clear gap of awareness and this lack of awareness poses as a barrier.
Q: If cost and resources are main obstacles for small firms, how do you think firms can set out on their first sustainability report?
Definitely small firms can embark on sustainability reporting by starting small. There is no need to produce a large report initially. There is a perception that only large companies produce reports, and their reports often look overwhelming and intimidating. But they have the resources and experience for reporting for many years. In the case of small firms, they don’t have to strive to produce lengthy reports. The key is to understand the process, identify 3 to 5 issues most relevant to their business, in terms of risks or impacts or opportunities, and just focus on these few things in the beginning.
Q: CSRWorks is organizing Asia Sustainability Reporting Summit in September in Singapore. What prompted you to start this conference?
The Asia Sustainability Reporting Summit is the first regional conference here. We noticed the need for a regional platform for businesses and other stakeholders to come together to have a meaningful conversation about reporting. We have a growing sustainability reporting community in Asia and the Summit offers them an excellent platform to learn, share and network with each other. This Summit is also an extension of our hugely popular Asia Sustainability Reporting Awards, where we hope to showcase the excellent work from our winners and finalists. The Summit will be addressed by an impressive line-up of well-respected sustainability reporting leaders. This is an unprecedented opportunity to learn from the experts.
Q: What are the main topics for the Summit?
The Summit agenda includes almost all aspects of sustainability reporting. My favourite sessions are going to be the ones focused on how to develop best-in-class sustainability reports, how to develop your first sustainability report, how to report on Sustainable Development Goals (SDGs), what do investors expect from sustainability reporting, and how to report on inconvenient topics!
Q: Can you share with us more about the Asia Sustainability Reporting Awards?
We started the Asia Sustainability Reporting Awards to create the first, and the highest, regional recognition for reporting excellence. We had compelling reasons for doing that.
Currently, in Asia, companies which don’t produce sustainability reports overwhelmingly outnumber those which do. Our mission therefore is two-fold: one, to honour the leaders, and two, to encourage and inspire more companies to embrace sustainability reporting. We want to celebrate best practice in sustainability reporting.
We firmly believe that it is very important for Asian companies to disclose their sustainability performance to stay relevant to investors, customers, employees and community at large. A good sustainability strategy makes a company future-proof. An economy with lots of future-proof companies simply means better life for everyone.
Overwhelming response to the Asia Sustainability Reporting Awards proves that there is a strong need for a regional platform to showcase best practices and for benchmarking and peer learning. We are happy to have created this platform.
Last year, we received more than 450 entries from over 100 organisations from 16 countries in Asia. Our winners and finalists display high-quality reporting performances that have thoroughly impressed our independent panel of judges. We are already accepting entries for this year’s Awards, and it looks like a very promising year again.
Q: How has been the participation from India?
An impressive number of Indian companies have been regularly participating in the Awards. Quality of reports published by Indian companies is impressive. In fact, the performance of Indian companies at ASRA has been outstanding. A significant number of Indian companies have made it to the finals with several of them eventually winning. Past winners from India have included Arvind, YES Bank, Birla Carbon. Birla Carbon and Arvind have actually won awards in multiple categories which reflect their commitment to high level of reporting.
Other very promising reports submitted from India that I would like to mention would include Bharti Airtel, L&T, Vedanta, Shree Cement, Hindustan Zinc, Hero MotoCorp, Mahindra & Mahindra, and GAIL.
Q: How do Indian companies benefit by participating in ASRA?
Winning a reputed international award helps companies to build trust both at home and overseas among stakeholders which include customers and investors. Participation in ASRA allows Indian companies to show case their sustainability credentials to an international audience and boost their reputation. Moreover, winning awards motivates the teams which work hard to produce top class sustainability reports.
(This interview first appeared in the June 2017 issue of CSR Today, a pioneer magazine on corporate social responsibility published from Mumbai, India.)
To learn more about the Asia Sustainability Reporting Summit 2017, please visit www.csrworks.com/Summit
To learn more about the Asia Sustainability Reporting Awards 2017, please visit www.csrmatters.com
Monday, June 26, 2017
Wednesday, November 30, 2016
Vietnam’s Baoviet wins Asia’s top sustainability reporting award
Hong Kong’s Hang Lung Properties clinches multiple awards
Singapore: Vietnam’s leading state-owned financial-insurance group Baoviet Holdings clinched Asia's Sustainability Report of the Year award at the just concluded 2016 Asia Sustainability Reporting Awards (ASRA). Baoviet also bagged Asia’s Best Integrated Reporting award.
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| Mr. Nguyen Anh Tuan, Baoviet's Deputy Chief Operating Officer and Head of Corporate Strategy and General Affairs Division receiving the top award from the British High Commissioner in Singapore H.E. Mr. Scott Wightman. |
Hong Kong’s leading real estate operator Hang Lung Properties emerged as the biggest winner as it cornered three awards including Asia’s Best Sustainability Report (Stand-alone) award.
Other top winners at the 2016 ASRA included Singapore’s major telco StarHub, India’s textiles group Arvind, Singapore’s eco-hotel Siloso Beach Resort and Japan’s leading consumer products company Suntory Group.
Winners of the 2016 Asia Sustainability Reporting Awards were announced and honoured in an exclusive awards ceremony-cum-gala-dinner event in Singapore on 28 November 2016. The event was hosted by the British High Commissioner H.E. Mr. Scott Wightman at his official residence Eden Hall. Sweden’s ambassador in Singapore H.E. Mr. Håkan Jevrell was present as the Special Guest.
Awards in 16 categories were presented by the High Commissioner Mr. Wightman, the Ambassador Mr. Jevrell, and Ms. Camilla Fenning, the Foreign and Commonwealth Office's Head of the Climate and Energy Network for South East Asia at the British High Commission Singapore.
The event was attended by the finalists of ASRA 2016, and dignitaries from diverse fields including business, non-profit, embassies, trade associations, advocacy organisations and academics.
The winners received a specially designed plaque framed with recycled wood. The winner of the top honours, Asia’s Sustainability Report of the Year, received an exclusive golden plaque. All finalists received a merit 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.
Printed edition of Sustainability Reporting: Learn from Asia’s Best, a special publication featuring the 2015 ASRA winners, was released at the event.
To encourage more Asian companies to embrace sustainability reporting, CSRWorks International, a Singapore-based sustainability firm, has created the Asia Sustainability Reporting Awards. The awards are CSRWorks International’s not-for-profit initiative, and is part of its own corporate responsibility programme.
“International recognition for sustainability reporting will help ASRA winners attract socially responsible investment,” said Rajesh Chhabara, managing director at CSRWorks International. He added, “A surge in investment by socially responsible investment (SRI) funds in Asia will spur long term sustainable growth led by businesses which respect the environment, people and communities and are yet profitable.”
Please see below the complete listing of winners.
The 2016 ASRA Winners
Asia's Sustainability Report of the YearWinner: Baoviet Holdings, Vietnam
Asia's Best Sustainability Report (Stand-alone)
Winner: Hang Lung Properties, Hong Kong
Highly Commended: Olam International, Singapore
Asia's Best Sustainability Report within Annual ReportWinner: StarHub, Singapore
Asia's Best Integrated Report:Winner: Baoviet Holdings, Vietnam
Highly Commended: YES Bank, India
Asia's Best First Time Sustainability ReportWinner: Arvind Limited, India
Asia's Best Sustainability Report (SME)Winner: Siloso Beach Resort, Singapore
Asia's Best Online CSR CommunicationWinner: Suntory Group, Japan
Asia's Best CSR Communication within Annual ReportWinner: Salcon Berhad, Malaysia
Asia's Best Materiality ReportingJoint Winners: Qatar General Electricity & Water Corporation (KAHRAMAA), and Arvind Limited, India
Asia's Best Stakeholder ReportingWinner: Qatar General Electricity & Water Corporation (KAHRAMAA)
Asia's Best Environmental ReportingWinner: Hang Lung Properties, Hong Kong
Asia's Best Carbon DisclosureWinner: PT Pertamina (Persero), Indonesia
Asia's Best Supply Chain ReportingWinner: HP, Asia Pacific, Singapore
Asia's Best Community ReportingWinner: Singtel, Singapore
Asia's Best Workplace ReportingWinner: Trina Solar, China
Highly Commended: YTL PowerSeraya, Singapore
Asia's Most Transparent ReportWinner: Hang Lung Properties, Hong Kong
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More comprehensive information on the Asia Sustainability Reporting Awards can be viewed at: www.csrmatters.com
About ASRAThe Asia Sustainability Reporting Awards (ASRA) recognise and honour sustainability reporting leaders in Asia. The Awards celebrate best practices in sustainability reporting and communications. The vision for ASRA to become the most inspiring recognition of sustainability reporting excellence 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 background judge the entries to decide the winners. www.csrmatters.com
About Organisers
The Asia Sustainability Reporting Awards are organised by csrmatters, a unit of CSRWorks International, Singapore’s leading boutique sustainability advisory, research and training firm with a successful track record more than 10 years. CSRWorks closely collaborates with businesses and other stakeholders to promote excellence in sustainability reporting across the region. Rajesh Chhabara, Managing Director of CSRWorks, has launched ASRA as a not-for-profit initiative to give organisations, large and small, the opportunity to showcase their sustainability efforts, thereby building trust among their stakeholders, adding value to their businesses and attracting socially responsible investors. www.csrworks.com
Supporting Organisations
The Awards are supported by diverse organisations representing governments, NGOs, academia, media and professional sectors keen on encouraging responsible business practices and sustainability disclosure in Asia, including the British High Commission Singapore, Embassy of Sweden in Singapore, the High Commission of Canada, the British Chamber of Commerce, the Canadian Chamber of Commerce, Vietnam Business Council for Sustainable Development (VBCSD), Sasin Centre for Sustainability Management and Systainability Asia among others.
Sunday, October 23, 2016
Asia Sustainability Reporting Awards 2016 Finalists
Singapore, 24 October: An impressive 68 companies from 14 countries have made it to the final round of the 2016 Asia Sustainability Reporting Awards. The finalists were shortlisted by the members of an independent judging panel. The winners will be announced at an exclusive awards night on 28 November 2016 in Singapore.
Hosted in Singapore, the Asia Sustainability Reporting Awards (ASRA) are the highest recognition for sustainability reporting in the region. ASRA, a non-profit initiative, aspire to become the most inspiring recognition for sustainability reporting excellence in Asia.
ASRA 2016 Awards will be given in 15 categories including Asia’s Best Sustainability Report (standalone), Best Sustainability Report within Annual Report, Best Integrated Report, Best Sustainability Report (SME), Best First Time Sustainability Report, Best Online Sustainability Report and Best CSR Communication within Annual Report. Other award categories include specialised areas of reporting, such as environment, carbon disclosure, stakeholder engagement, workplace, supply chain, and community commitment. The best overall submission will be named Asia’s Sustainability Report of the Year award.
A spokesperson from the ASRA Secretariat said, “ASRA 2016 have received a very strong participation from across the region and the participating organisations represent a wide range of sectors. There will be a tough competition for each category.”
Names of the finalists are available on the Awards website (www.csrmatters.com). The final round judging is underway.
About the Awards
The Asia Sustainability Reporting Awards (ASRA) recognise and honour sustainability reporting leaders in Asia. The Awards celebrate best practices in sustainability reporting and communications. The vision for ASRA to become the most inspiring recognition of sustainability reporting excellence 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 judge the entries to decide the winners. www.csrmatters.com
About Organisers
The Asia Sustainability Reporting Awards are organised by csrmatters, a unit of CSRWorks International, Singapore’s leading boutique sustainability advisory, research and training firm with a successful track record more than 10 years. CSRWorks closely collaborates with businesses and other stakeholders to promote excellence in sustainability reporting across the region. Rajesh Chhabara, Managing Director of CSRWorks, has launched ASRA as a not-for-profit initiative to give organisations, large and small, the opportunity to showcase their sustainability efforts, thereby building trust among their stakeholders, adding value to their businesses and attracting socially responsible investors. www.csrworks.com
ASRA Supporting Organisations
The Awards are supported by diverse organisations representing governments, NGOs, academia, media and professional sectors keen on encouraging responsible business practices and sustainability disclosure in Asia, including the British High Commission Singapore, Embassy of Sweden in Singapore, the High Commission of Canada, the British Chamber of Commerce, the Canadian Chamber of Commerce, Vietnam Business Council for Sustainable Development (VBCSD), Sasin Centre for Sustainability Management, Systainability Asia, Green Evangelist, Academy of Fashion Professionals, Sustain Ability Showcase Asia (SASA), ABC Carbon and Ginga Environment.
Singapore, 24 October: An impressive 68 companies from 14 countries have made it to the final round of the 2016 Asia Sustainability Reporting Awards. The finalists were shortlisted by the members of an independent judging panel. The winners will be announced at an exclusive awards night on 28 November 2016 in Singapore.
Hosted in Singapore, the Asia Sustainability Reporting Awards (ASRA) are the highest recognition for sustainability reporting in the region. ASRA, a non-profit initiative, aspire to become the most inspiring recognition for sustainability reporting excellence in Asia.
ASRA 2016 Awards will be given in 15 categories including Asia’s Best Sustainability Report (standalone), Best Sustainability Report within Annual Report, Best Integrated Report, Best Sustainability Report (SME), Best First Time Sustainability Report, Best Online Sustainability Report and Best CSR Communication within Annual Report. Other award categories include specialised areas of reporting, such as environment, carbon disclosure, stakeholder engagement, workplace, supply chain, and community commitment. The best overall submission will be named Asia’s Sustainability Report of the Year award.
A spokesperson from the ASRA Secretariat said, “ASRA 2016 have received a very strong participation from across the region and the participating organisations represent a wide range of sectors. There will be a tough competition for each category.”
Names of the finalists are available on the Awards website (www.csrmatters.com). The final round judging is underway.
About the Awards
The Asia Sustainability Reporting Awards (ASRA) recognise and honour sustainability reporting leaders in Asia. The Awards celebrate best practices in sustainability reporting and communications. The vision for ASRA to become the most inspiring recognition of sustainability reporting excellence 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 judge the entries to decide the winners. www.csrmatters.com
About Organisers
The Asia Sustainability Reporting Awards are organised by csrmatters, a unit of CSRWorks International, Singapore’s leading boutique sustainability advisory, research and training firm with a successful track record more than 10 years. CSRWorks closely collaborates with businesses and other stakeholders to promote excellence in sustainability reporting across the region. Rajesh Chhabara, Managing Director of CSRWorks, has launched ASRA as a not-for-profit initiative to give organisations, large and small, the opportunity to showcase their sustainability efforts, thereby building trust among their stakeholders, adding value to their businesses and attracting socially responsible investors. www.csrworks.com
ASRA Supporting Organisations
The Awards are supported by diverse organisations representing governments, NGOs, academia, media and professional sectors keen on encouraging responsible business practices and sustainability disclosure in Asia, including the British High Commission Singapore, Embassy of Sweden in Singapore, the High Commission of Canada, the British Chamber of Commerce, the Canadian Chamber of Commerce, Vietnam Business Council for Sustainable Development (VBCSD), Sasin Centre for Sustainability Management, Systainability Asia, Green Evangelist, Academy of Fashion Professionals, Sustain Ability Showcase Asia (SASA), ABC Carbon and Ginga Environment.
Friday, May 06, 2016
Asia Sustainability Reporting Awards 2016 Open for Nominations
The Asia Sustainability Reporting Awards 2016, the highest honour for sustainability reporting excellence in Asia, is open now for entries.
The Awards are being offered in 14 categories that include Asia’s Best Sustainability Report, Asia’s Best Integrated Report, Asia’s Best Sustainability Report (SME), Asia’s Best First Time Sustainability Report, Asia’s Best Online Sustainability Report and Asia’s Best CSR Report within Annual Report. Other awards categories include specialized areas such as environment, carbon disclosure, stakeholders, supply chain and community. Above all, the Sustainability Report of the Year award will be given as the top award.
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 will judge the entries to decide the winners. A short-list of finalists will be announced in mid-October and the winners will be announced in a glittering awards night in Singapore in November.
The Awards, a non-profit multi-stakeholder initiative by CSRWorks, Singapore’s leading sustainability advisory firm, are the foremost and the only Asia-level awards for sustainability reporting. The Awards are organised by csrmatters, a unit of CSRWorks which is focussed on research, recognitions and ratings. The Awards aspire to become the most inspiring recognition for sustainability reporting excellence in Asia.
“The Asia Sustainability Reporting Awards has created a much needed platform for sharing best practices, bench marking, mutual sharing and peer learning by bringing together the leaders in sustainability reporting in Asia,” said Rajesh Chhabara, managing director of CSRWorks. “We also hope that the awards will inspire more companies to start reporting.”
He added that the Awards present an excellent opportunity to organisations to showcase their sustainability efforts, build trust among their stakeholders and attract socially responsible investors.
Interested organisations may submit their entries by the early bird deadline of 30 June 2016 or by the final deadline of 15 September 2016. An organisation may submit entries to multiple categories.
Further details on partnership opportunities, judging criteria, judging panel and how to enter are available on the awards website.
See past year's winners here.
The Awards are being offered in 14 categories that include Asia’s Best Sustainability Report, Asia’s Best Integrated Report, Asia’s Best Sustainability Report (SME), Asia’s Best First Time Sustainability Report, Asia’s Best Online Sustainability Report and Asia’s Best CSR Report within Annual Report. Other awards categories include specialized areas such as environment, carbon disclosure, stakeholders, supply chain and community. Above all, the Sustainability Report of the Year award will be given as the top award.
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 will judge the entries to decide the winners. A short-list of finalists will be announced in mid-October and the winners will be announced in a glittering awards night in Singapore in November.
The Awards, a non-profit multi-stakeholder initiative by CSRWorks, Singapore’s leading sustainability advisory firm, are the foremost and the only Asia-level awards for sustainability reporting. The Awards are organised by csrmatters, a unit of CSRWorks which is focussed on research, recognitions and ratings. The Awards aspire to become the most inspiring recognition for sustainability reporting excellence in Asia.
“The Asia Sustainability Reporting Awards has created a much needed platform for sharing best practices, bench marking, mutual sharing and peer learning by bringing together the leaders in sustainability reporting in Asia,” said Rajesh Chhabara, managing director of CSRWorks. “We also hope that the awards will inspire more companies to start reporting.”
He added that the Awards present an excellent opportunity to organisations to showcase their sustainability efforts, build trust among their stakeholders and attract socially responsible investors.
Interested organisations may submit their entries by the early bird deadline of 30 June 2016 or by the final deadline of 15 September 2016. An organisation may submit entries to multiple categories.
Further details on partnership opportunities, judging criteria, judging panel and how to enter are available on the awards website.
See past year's winners here.
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.
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
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.
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| 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 awards will be given in 14 categories. In addition, there will be a "Report of the Year" award to be given as judges' choice.
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) BerhadCommercial Bank of Ceylon PLC (Sri Lanka)
PT Pertamina EP (Indonesia)
The Link Real Estate Investment Trust (Hong Kong, China)
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)ACWA Power (Dubai, UAE)
MGI Coutier Exotech Industries Pvt Ltd (India)
EMC Software Services (India)
Orient Overseas Container Line Limited (Hong Kong, China)
Telekom Malaysia Berhad (Malaysia)
6. Asia's Best Online CSR Communication
Indosat (Ooredoo group), Indonesia
7. Asia's Best Materiality Reporting
Birla Carbon (India)
Chunghwa Telecom (Taiwan)
Hang Lung Properties Limited (Hong Kong, China)
Maynilad Water Services, Inc (Philippines)
5. Asia's Best CSR Communication within Annual Report
Cairn India (India)
Commercial Bank of Ceylon PLC (Sri Lanka)Cairn India (India)
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
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)
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)
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)
Commercial Bank of Ceylon PLC (Sri Lanka)
Maybank (Malaysia)
13. Asia's Best Environmental Reporting
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)
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
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)Airport Authority Hong Kong (Hong Kong, China)
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)
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)Airport Authority Hong Kong (Hong Kong, China)
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)
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)
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
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