Judges Report ACCA-MaSRA2011

8/2/2019 Judges Report ACCA-MaSRA2011

http://slidepdf.com/reader/full/judges-report-acca-masra2011 1/32

ACCA mAlAysiA

sustAinAbility reporting AWArDs (masrA) 2011



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3

contents

Introduction 4

Theageofintegration:anewdawnforcorporatereporting 6

Panelofjudges 11

Entrants 12

Shortlistedreports 14

ACCAMaSRA2011winners 17

Judges’feedback 25

Supportingorganisations 28

AboutACCA 31

ACKnoWleDgement

ACCAwouldliketothankandacknowledgethecontributionandsupportof

thedistinguishedpanelofjudges,AccountAbility,BursaMalaysiaBerhad,

CorporateRegister.com,TheDepartmentofEnvironment(DOE),TheEdge

BusinessWeekly,TheEdgeFinancialDailyandlastbutnotleastallparticipating

companiesintheAwards.Webelievethattheparticipatingcompanies

deserverecognitionforleadingthewaytoidentifyandcommunicatetheir

environmentalandsocialperformance.Companiessuchasthesearecontributingtowardstheadvancementofsustainabledevelopmentandperformance.



SincethelastACCAMaSRA,the

worldofcorporatesocialresponsibility

andsustainabilityreportinghasbeen

undergoingtremendouschange.Thisis

reflectedinthevariousdevelopmentson

theinternationalandlocalfront.

Nationally,BursaMalaysiaremainsa

keydriverofsustainabilityreporting

forcorporateMalaysia.Followingthe

developmentoftheCSRframework

in2006,BursaMalaysialaunched

thesustainabilityportalandGuide

forDirectorsin2010.Thisinitiative

recognisesthatthesustainabilityagenda

needstobedrivenfromtheboardroomandembeddedwithinacorporate

strategy.TheEnvironment,Socialand

Governance(ESG)Indexscheduledto

belaunchedinlate2012willbeBursa

Malaysia’snextsteptofurtherdrive

sustainabilitystrategiesanddisclosurein

corporateMalaysia.

Aregionalinitiativeaimedatinvestors

–The2010AsianSustainabilityRating–placedMalaysiancompanies

Wc h ACCA r h Jd h

maaa saa r Awad (masrA)

2011. ACCA ad a h

masrA 2011 wd k hak a h ca

ha acad h a.

asoneoftheleadersofsustainability

disclosureintheregion.However,

corporateMalaysiacannotbecomplacent.

Companieswhowerefirstmoversin

sustainabilitydisclosureareblazing

ahead.Thesecompaniesareadopting

managementsystemstoseamlesslytrackandimprovesustainability

performance.Likewise,countriesinthe

regionpreviouslyratedbehindMalaysia

insustainabilitydisclosurearenow

catchingup.Thispastyearsawregional

stockexchangesbeginningtomandate

sustainabilityreportingandthelaunchof

sustainabilityindexes.

Thestandardswhichguidegoodpractice

inreportingarealsoevolving.Earlierthis

year,theGlobalReportingInitiative(GRI),

launchedarevisionoftheirguidelines,

theG3.1.Fiveyearsonfromitslastrevision,

theG3.1isthemostcomprehensiveand

completesustainabilityreportingguidance

todate.Therevisionaimstomakethe

frameworkmorerobustwiththeadditionof

11newindicatorsintheareasofhumanrights,societyandlabourpractices.

4

introduction



5

Attheendof2010,ISO26000onSocial

Responsibilitywaslaunched.ISO26000

givesacomprehensiveandcleardefinition

ofwhatsocialresponsibilitymeans.The

ISO26000representsa‘standardof

standards’,bringingtogetherbestpractices

fromabroadrangeofinitiatives.ISO

26000wasdevelopedoveradecadeof

consultationwithstakeholders,andisnow

recognisedinover90countries.

TheISO26000isanoncertifiablestandard

basedonsevenprinciples:Accountability;

Transparency;Ethicalbehaviour;Respect

forstakeholderinterest;Respectforrules

oflaw;Respectforinternationalnormsof

behaviour;andRespectforhumanrights.

Theseprinciplesareappliedinsevencore

areasoforganisationalgovernance,humanrights,labourpractices,fairoperating

practices,consumerissues,environment

andcommunityinvestment.

Investors,akeystakeholderofcompanies,

arealsoincreasinglydemanding

companiestodisclosesustainability

performance.InSeptemberthisyear,

thePlasticDisclosureProject(PDP)

waslaunchedundertheClintonGlobal

Initiative.Aninvestorsupportedinitiative,

thePDPtracksdisclosurebycompanies

oftheirplasticuseandtheirstrategies

forreducingitsenvironmentalimpact.

ThisfollowsonthesuccessfulCarbon

DisclosureProject(CDP)whichrepresents

551institutionalinvestors,witha

combinedUSD71trillionfundunder

management.TheCDPwaslaunchedtoacceleratesolutionstoclimatechangeand

introduction

watermanagementbyputtingrelevant

informationattheheartofbusiness,

policyandinvestmentdecisions.Over

3,000companiesinsome60countries

aroundtheworldnowmeasureand

disclosetheirgreenhousegasemissions,

watermanagementandclimatechange

strategiesthroughCDP.

Acommonthemerunsacross

thesenewinitiatives:emphasison

accountabilityandtransparency.

Accountabilityisaboutproving

sustainabilityperformancewith

evidencetobackupanyclaimsmade.

Accountabilityalsomeanswelcoming

scrutinyandengagementwith

criticalstakeholders.

Transparencyrequiresacompanyto

providesufficientinformationsothat

stakeholderscan‘seeinto’thecompany.

Thismeansthatwhenastakeholder

looksatdocuments,corporatewebsites

andassociatedreports,enough

informationshouldbeavailabletoallow

themtohaveagoodideaabouthowthe

companyisrun,howwellitismanaged,

howdecisionsaremadeandwhat

thematerialrisksassociatedwiththe

businessare.Arobustsustainabilityreport

canachievethis.

Thisyear,ACCAMaSRAreceivedatotal

of43entries.Thesereportswerescored

andrankedbyashortlistingpanel.The

top20companieswereevaluatedby

theACCAMaSRAjudgingpanel.Oftheshortlistedentries,15werestand-alone

sustainabilityreportandfiveaspartof

theirannualreports.

Inourview,eachcompanythat

participatesinACCAMaSRAisa

winner.Participationdemonstratesa

company’scommitmenttocommunicating

sustainabilityperformance.Participationin

theACCAMaSRAshouldsetabenchmark

forcompaniestoimprovetheirrespective

sustainabilityreporting.TheACCAMaSRA

judgeshaveseengreatimprovementsin

thequalityofsustainabilityreportingin

Malaysia–atestamenttocompanies’

continuouslearningprocesses.

Nextyear,theACCAMaSRAwillcelebrate

itstenthanniversary.Wecontinuetobe

committedtothevaluesofthisworldwideinitiativetoidentifyandrewardinnovative

attemptstocommunicatesustainability

performance.Inthecomingmonths,we

welcomecompaniestoengagewiththe

ACCAtogetabetterunderstandingof

sustainabilitydisclosureinpreparation

forthenextACCAMaSRA.

Welookforwardtoyourparticipationin

theACCAMaSRA2012.



6

Theglobalfinancialcrisishaspersuaded

manyoftheneedforaneweconomic

modelthatcanprotectbusinesses,

investors,employeesandsocietyfrom

acycleofsuccessiveandincreasingly

debilitatingcrises.Atpresent,short-term

financialgainscantakepriorityover

long-termvaluegeneration,encouraginga

gung-hoapproachtorisk-takingthatcan

leadtoalevelofmarketinstability,which

hasthepotentialtodevastateindividualbusinessesandwholeeconomies.The

currentmodelofcorporatereporting,it

isfelt,doesnotdoenoughtodiscourage

suchbehaviourbecauseitdoesn’tpay

enoughattentiontofactorssuchasrisk,

strategy,governanceandthesustainability

ofbusinessmodels.

Theseconcerns,whichhavegrownas

businessleadersandgovernmentshave

agonisedoverthecausesofthefinancial

crisis,havegivenimpetustoexisting

demandsforachangeinemphasisin

corporatereportingonthegroundsthat

itdoesnotcurrentlyadequatelyreflect

materialenvironmental,socialand

governance(ESG)factors.Theseinclude

resourceusage,socialimpacts,human

rightsandhowabusinessmightcontributetoorbeaffectedbyclimatechange.

ACCA’ n s k a wh ad wha

d h a d a ad

awk ad ak c

Manybelievethatover-consumptionof

finitenaturalresourcesandtheriskof

catastrophicclimatechangepresentoneof

theworld’sgreatestchallenges–andisits

biggestbusinessrisk.

Supportersofintegratedreportingargue

thattheinclusionofallthesenon-

financialbutneverthelesscrucialrisk

factorsintocorporatereportingwould

helpsteerbusinessdecision-makinginamoresustainabledirection–inboth

financialandenvironmentalterms.They

arguethatthequalityofreportingwould

improvebecausebusinesseswould

provideamorestrategicpictureofthe

issuesthatarecriticaltotheirlong-term

sustainabilityandsuccess.Inaddition,

thosemanagingcompanieswouldbe

abletomakebetterresourcedecisionsby

includingissuesrelatingtonaturaland

socialcapitalaswellasfinancialcapital.

Theresultwouldbeamoreholistic

pictureofthereportingentitythatcovers

bothrisksandopportunities,andreflects

theinterconnectionsbetweenESGand

financialfactors.

NeilStevensonisACCA’s

executivedirector–brand,

andamemberofthe

InternationalIntegrated

ReportingCommittee

(IIRC)Engagementand

Communicationstaskforce.

HisremitatACCAcovers

marketing,communications,

policy,technicalissuesandpublishing.Thisincludes

promotingaglobalagenda

ofresearchandinsights,

complementinghisinterest

inissuesinvolvingchange

andinnovationintheglobal

professions.

newdawnforreporting



7

newdawnforreporting

integrAteD reporting

Whiletherehavebeensignificant

advancesinsustainabilityreportingover

recentyears,nosinglebodyhassofar

hadtheauthorityoroversighttobringall

thedifferentreportingpillarstogetherin

asingle,mandatory,fullyintegratedand

globallyendorsedframework.

ThisistheambitionoftheInternational

IntegratedReportingCommittee(IIRC),

formedlastyearbyaprogressivesection

ofthebusiness,financialandaccounting

community,bringingtogethermanyleading

accountancyfirms,big-namecompanies,

businessgroupsandprofessional

accountancybodies,includingACCA.The

twokeybodiesinvolvedarethePrinceof

WalesAccountingforSustainabilityProject

(A4S)andtheGlobalReportingInitiative.A

seriesofprofile-raisingeventsareplanned

for2011,kickingoffwitharoundtable

discussioninMumbai,India,chairedby

InternationalOrganizationofSecurities

CommissionschairmanJaneDiplock,as

AccountancyFutureswenttopress.

Thereleaseofadiscussionpaperlooking

atanintegratedreportingframework

isplannedforJune2011.Interested

stakeholdersareinvitedtocomment

beforeitisformalisedandpresentedto

theG20inCannesinNovember2011.

G20approvalwilladdcredibilityand

injectvigourintothemovetowardsglobal

standardisation.TheIIRC’saimisthatthe

frameworkwillbeconstructedinaway

thatallowscompaniestoreportinaclear,

concise,consistentandcomparableway.

sustAinAbility CHAllenge

Theaccountingelementofthemassive

changerequiredwashighlightedbythe

creationofA4Sin2004,whichreiterated

theneedfornewapproachestoaccounting

andreportingtoreflectthebroaderand

longer-termconsequencesofcorporate

decisions.Withoutmorecompleteand

comprehensiveinformation,management,

investorsandotherscannotmakethefully

informeddecisionsneededtoprosperin

thefaceofsustainabilitychallenges.

A4Sfeltthattheprofession’sbest

contributiontosustainabilitywouldbeto

establishaglobalframeworkofmandatory

‘connectedreporting’requirements

forlistedcompaniesandforaglobal

committeeofkeystakeholdergroupsto

pushforglobaladoption.

TheGRI,alongwithotherbodiessuch

astheCarbonDisclosureProject,

havemadesignificantstepsforward

informalisingreportingguidelinesfor

companies’materialenvironmental,

socialandeconomicimpacts.Yetdespite

thecorporateuptakeandintegrationof

more-than-financialimpactassessments,

thereisstilllittleevidencethatcollective

corporateeffortshavesignificantlyhalted

activitiesthatpollute,depleteresourcesanddestroynon-financialvalue.

M a n a

g e m e n t

c o m m

e n t a r y

G o v e r n a n c e a n d

r e m u n e r a t i o

nE n

v i r o n m e n t a n d s o c i a l

F i n

a n c i a l

Integrated

reporting

framework

S o u r c e : I I R

C

integrAteD reporting:

foCusing on tHe top sliCe

Integratedreportingprovides

thetoplevelstructureforthe

wholereportingpyramid



8

newdawnforreporting

Thevoluntarynatureofsuchreporting

initiativesmeansthattake-upcanbe

fragmented,allowingcompanieswith

largeimpactsontheenvironment

andsocietytoavoidfulland

transparentdisclosure.

WHAt Will it looK liKe?

Consideringthatintegratedreportingisstill

inanembryonicphase,itshouldcome

asnosurprisethataclearformulation

ofwhatexactlyitconstitutesisstill

beingdebated.Definitionsrangefrom

themaintenanceofcurrentfinancial

reportingandaccountingpracticesbased

onInternationalFinancialReporting

Standards(IFRS)withanESGsection

boltedon,rightuptoacompletechange

inthefundamentalsofaccountingandreportingformats.

Thereis,however,agreementonthe

needforaconciseandcomprehensive

integratedreportingframeworkwhich

isstructuredaroundanorganisation’s

strategicobjectives,itsgovernanceand

businessmodel,andintegratingmaterial

financialandnon-financialinformation.

Thekeyconsiderationisthestrategic

ingraininganddisclosureofallESG

factorsaffectingthefuturefinancial

performanceandassociatedriskratingof

acompany’sactivities.Thecentraltenet

ofintegratedreportinghasbeenpartof

thesustainabilityandCSRreportingspace

foranumberofyears,butitisIIRC’s

ambitiontobringtogetherfinancialand

non-financialriskdisclosureinaglobal,

mandatoryframeworkwhichsetsitapart

frompastinitiatives,andwhichengages

andrelatestoinvestors.

Scepticsoftheintegratedreporting

initiativepointtowardsaraftofissues.Thefirstisthesheerambitionofthechange

thatisbeingputforward,involvingthe

hugechallengeofgainingglobalconsensus

toamandatorychange,especiallygiven

thatithassofartakenmorethan30years

toagreetheglobalapplicationofIFRS.

Othercriticismsincludefearsthatitwill

Theresultwouldbeamoreholisticpictureof

thereportingentitythatcoversbothrisksand

opportunities,andreflectstheinterconnections

betweenESGandfinancialfactors

leadtoincreasedcomplexityinreporting

andgreaterresourcingrequirements,anda

tick-boxapproach.

Butgiventhepowerfulbackersandthe

fundamentalfinancialandenvironmental

issuesinvolved,thelaunchoftheIIRC

maywellturnouttobeaturningpointin

thedevelopmentofcorporatereporting.

However,alongsidethisdevelopment,itis

clearthatwewillalsoneedtoencourage

agreaterproportionofshareholdersto

becomemoreinterestedinthegovernance

andsustainabilityoftheorganisations

theyinvestin.Thiswillbethebestwayof

ensuringintegratedreportingisembedded

inbusinessinpractice.Muchattentionhas

beenpaid,rightly,tothemodelsaroundauditingandassuranceandcorporate

reporting.Perhapsweneedtodevelop

moreurgencyaroundthisthirddimension:

governanceandstewardship.Thiscould

leadtothefulfilmentoftheambitionsof

thosewhoadvocatethe‘triplebottomline’:

asustainableapproachtosustainability.



9

newdawnforreporting

b : Caca wha

a dd, ACCA’ rach

Jack a ad ca

ha h c ca ac

Theideaofintegratedreportinghas

beenincreasinglyunderdiscussionby

stakeholdersintheworldofbusiness

accountingandsustainabilityreporting.

Thedefinitionofwhatintegratedreporting

actuallycoversiscurrentlyarangeof

blurrygreysratherthanacrispandclear

blackandwhite.However,lookedatin

broadterms,integratedreportingissimply

theendresult(thereporting)ofacomplex

butinclusiveprocessthatintegrates

thebusinessstrategywithmaterial

sustainabilityissues.

Someoptimisticobserversseean

integratedstrategyasboosting

transparencyandofferingaclearer

explanationoftherelationship

betweencompanies’financialand

non-financialperformance.Other,

morecautiousprofessionalshighlight

possiblechallengessuchasgreater

reportingcomplexity,comparabilityand

assuranceacrosssectorsandcountries,

anddiscordintimescalesbetween

compilationoftheintegratedreporting

frameworkandcontinuingphysical

impactsofclimatechange.

Thereisnodoubtthatawell-developed

integratedreportingmethodologycould

focuscorporateeffortstointegratematerial

sustainabilityissuesandimpactsarising

frombusinessactivitiesmoredeeplyin

strategicdecision-makingprocesses.

Deployinganintegratedstrategyasa

riskscreentoassessoperationsfortheir

mediumtolong-termsustainabilityand

financialimplicationscouldstrengthen

governanceprotocols,createlessdisparate

businessesandchangefinancialmarket

investmentbehaviour.

Fewcompaniescurrentlytakean

integratedreportingapproach.Thisblankcanvasofferstherelevantprofessions

anopportunitytoshapetheframework.

ACCAispleasedtobepartoftheIIRC,

whichhasambitiousplanstodojustthis.

Weshallcontinuetoparticipateactively,

takingpartinthedebatesthatarise,

addressingquestionsaroundtherelevance

ofintegratedreporting,findingwaysto

stimulateinvestorandregulatordemand

forintegratedreporting,anddeveloping

usefulreportingmetrics.

RachelJacksonisACCA’s

headofsustainability.She

championsACCA’sglobal

sustainabilityagendaon

reportinganddisclosure

withspecificreferenceto

environmental,economic

andsocialissues.

RachelrepresentsACCA

onvarioustechnicalcommitteesandworking

groupsincludingFEEand

theEPCClimateChange

AdaptationTaskForce.



10

newdawnforreporting

RogerAdamsFCCAis

ACCA’sdirector–special

assignments.Hepreviously

managedACCA’sglobal

policypositionson

professionalissues,suchas

sustainabilityandcorporate

responsibility.

J h d: f h a

h k dac ad

a d wdad ak-,

a ACCA’ r Ada

Oneofthemainproposalsmadeby

theInternationalIntegratedReporting

Committee(IIRC)istheneedfornew

approachestoaccountingandreportingto

reflectthebroaderlong-termconsequences

ofcorporateactivities.Byprovidingrobust

andcomparablereportingguidanceon

howtolinkcorporatestrategytofinancial

andnon-financialperformance,theIIRC

canconvincebusinessesandinvestors

thatfinancialvaluecanbederivedfrom

integratedreporting.

Integratedreportsshouldclearlyidentifyandexplainthelinkbetween

anorganisation’sstrategicgoalsand

theresultingimpactonparameters

suchasthewiderbusinesscontext,key

relationships,resourcedependenciesand

governancestructures,andhelpestablish

amoreholisticcorporateriskprofile.

Toensurewidespreadbusiness

acceptance,theIIRCmustconnectthe

dotsbetweenitselfandotherkeyreporting

guidance.ACCAcontinuestosupport

theGRIanditssustainabilityreporting

framework,andtheClimateDisclosure

StandardsBoard(CDSB)anditsclimate

changereportingframework.Aswell

asidentifyingtheinformationneeds

ofinvestors,theIIRCneedstoprovide

solutionstoanyperceivedbarrierstothe

take-upofintegratedreporting.Theto-do

listincludesaddressingtherequirements

ofmultiplestakeholders,determiningthe

materialityofissues,givinganoptionof

differentreportinglevels,assessingknock-

onimpactstoauditingstandardsand

internalcontrolchecks,andovercoming

corporateconfidentialityissues.

Opportunitiesandbenefitsarisingfrom

amovetowardsintegratedreportingwillhavetobeclearlydemonstratedwithinan

urgentcontextrequiringthemomentum

towardsasustainable,low-carbonglobal

economytogatherpace.Ultimately

theestablishmentofaninternational

frameworkthatnotonlymergesfinancial

andsustainabilityoutcomesbutalso

supportstheachievementofasustainable

economywillrequiresupportfrom

governments,thefinanceandaccounting

communityandwiderstakeholdergroups.



11

tHe ACCA masrA 2011 JuDges

m gh Ch y*

Executivedirector,strategyanddevelopment,SecuritiesCommission

y bh Da’ Hajah ra iaah

Directorgeneral,DepartmentofEnvironment,Malaysia

m saa raah

Chiefregulatoryofficer,BursaMalaysiaBerhad

m Dh th

Groupeditor-in-chief,TheEdgeCommunicationsSdnBhd

p sah Haa

Independentconsultant(corporategovernanceandcorporatereporting)

m mhad raa Ad raha

Managingpartner,KPMG

Aca p D fazah Da**

HeadAsia-Pacificcentreforsustainability(APCeS),AccountingResearchInstitute,

FacultyofAccountancy,UniversitiTeknologiMARA(UiTM)

D H J A**

Seniorlecturer,FacultyofEconomicsandManagement,UniversitiPutraMalaysia

m rkk n**

Executivedirector,CSRAsia

*Chairmanofjudgingpanel**Shortlistjudge

panelofjudges

11



12

Astro maaa Hd sd bhd

InspiringSustainability2010Report

bh Aca tacc (maaa) bhad

AnnualReport2010:Passion

Dg tcca sd bhd

SustainabilityReport2010

Drb Hi-Com bhad

SustainabilityReport2010:OurPast,Present&Priorities

fa g bhad

AnnualReport2010:EnrichingLives

g Ach bhad

CorporateResponsibilityReport2010:ProgressingSustainably

iJm Ca bhad

AnnualReport2010:TurningtheTide

iJm lad bhad

AnnualReport2010:EnablingSuccess,EnrichingLives

iJm paa bhad

AnnualReport2010:NurturingSustainability

idah Wa K sd bhd


Kaa l C C

CorporateSocialResponsibilityReport2010

K (maaa) bhad

AnnualReport2010:TomorrowStartsHere

laa maaa C bhad

AnnualReport2010:CementMadeForLife

l’oa maaa sd bhd

MorethanEver,anEssentialCommitment:HonoringExceptional

WomeninScience

mah s g bhad

AnnualReport2010:ExpandingOurReelofCaptivating&PrestigiousSpaces

maaa rc Ca bhad


maaa rc Ca bhad

AnnualReport2010:WeareFocusedonGrowth

max bhadCorporateResponsibilityStatement

maak


mda pa bhad

SustainabilityReport2010:Care>Commitment>Community

merCy maaaAnnualReport2010

maa bhad

AnnualReport2010:SustainingOurMission:SeedingGrowth

maa bhad

CorporateResponsibilityReport2010

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entrants2011

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AnnualReport2011

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CorporateReport2010:RisingAbove

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CreatingSharedValue2010

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phaaaa bhad

AnnualReport2010:PursuingOpportunities

plus exwa bhad


pc bak bhad

AnnualReport2010:SurpassingExpectations

pcak naa Hd bhad

AnnualReport2010:SustainableGrowth

pajaa pdaa bhad

AnnualReport2010

swa C bhad

AnnualReport2010:RewardingMemories,RisingHigh

swa Hd bhad

AnnualReport2010:Strengthen,Strategise,Synergise

tk maaa bhad

SustainabilityReport2010:StartToday,SaveTomorrow

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CorporateSocialResponsibilityReport2009/2010

tadwd paa bhad

AnnualReport2010

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SustainabilityReport2010:PartneringwithOurCommunity

uem lad Hd bhad


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SustainabilityReport2010:TheJourneyContinues

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AnnualReport2010



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stAnD Alone CAtegory

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InspiringSustainabilityReport2010

2 Dg tcca sd bhd


3 Drb-HiCom bhad SustainabilityReport2010:OurPast,Present

&Priorities

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CorporateResponsibilityReport2010:

ProgressingSustainably

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6 Kaa l C C


7 maaa rc Ca bhad


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Progressing SustainablyCorporate Responsibility Report 2010

short-listedreports



15

short-listedreports

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SustainabilityReport2010:Care>

Commitment>Community

10 né (maaa) bhad

CreatingSharedValue2010

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SustainabilityReport2010:StartToday,Save

Tomorrow

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Community

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AnnuAl report CAtegory

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AnnualReport2010:Passion

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AnnualReport2010:TurningtheTide

3 K (maaa) bhad AnnualReport2010:TomorrowStartsHere

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AnnualReport2010:SustainableGrowth

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Synergise

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short-listedreports



17

oa W – b saa r

Nestlé(Malaysia)Berhad

W – r ea pac

UEMEnvironmentSdnBhd

W – r sca pac

TelekomMalaysiaBerhad

W – r A Aa r

BritishAmericanTobacco(Malaysia)Berhad

W – b f t r

Maybank

Cda – sa ad gacMaybank

Cda – sakhd ea ad ic

Nestlé(Malaysia)Berhad

Cda – Aac

UEMEnvironmentSdnBhd

Cda – iad r

PuncakNiagaHoldingsBerhad

ACCAMaSRA2011winners

17



18

overAll Winner – best sustAinAbility report


né (maaa) bhad

Demonstratesimprovementwithasustainabilityreportthisyearthatisindexedusingthe

GlobalReportingInitiative(GRI)G3IndexandassuranceaccordingtotheISAE3000.

JointwelcomemessagefromtheChairmanandManagingDirectorsetsthetoneand

demonstratesmanagementsupportforsustainabilityinitiatives.

Nestle’sbusinessethosof‘CreatingSharedValue’wasclearlycommunicatedandclearly

linkstoNestle’sapproachtosustainabilityandNestle’sCorporateBusinessPrinciples.

Agoodunderstandingofrelevanceandchallengesofmaterialissues,suchasnutrition

needsoflowincomeconsumers,theglobalwatercrisis,reductioninpackagingmaterial,

andsourcingofsustainablepalmoil.

Addressesenvironmentalchallengesincludingwatermanagement,climatechange,

energyusage,andpackaging.Clearpresentationofperformancedataandstrategiesforfurtherimprovement.

Showsinitiativeandquickresponseinaddressingmaterialissuesandcostsavingssuch

astheroll-outofthePackagingImpactQuickEvaluationTool.

Performancetableforeachofthefourpillars,whicharecomplimentedbyatableon‘whatwesetouttoachieve’,‘whatweachieved

todate,and‘ourwayforward’.

TheNestleSupplierCodewhichspecifiesandsupportstheimplementationofnon-negotiableminimumstandardsforsuppliers,their

employees,agentsandsubcontractors.

Engagesemployeesthrough‘employeeinsighttaskforce’whichfocusesonqualityoflifeandemployeeopinionsurveyparticipation.

Transparentdisclosureonhumanrightsandlabourstandardswhicharesupportedbythenumberoffactories/sitesaudited.

Sectionsarewellpresented.Visionandpoliciesareintroduced,followedbytheidentificationoftheissuesandpriorityareas.The

variousmanagementapproachesandstrategiesarethenexplainedcomplimentedbyusefulcasestudies.

Clear,relevantandwelldistributedgraphicalanddiagrammaticpresentationsacrossallsections.Tabulatedkeyinformationinclear,easy-to-readdatapageswithyearonyearcomparisons.



19

Winner – reporting on environmentAl performAnCe

uem e sd bhd

Demonstratesincrementalimprovementsandprogressionhavingmovedthisyearfrom

thequantificationoftheirGreenhouseGas(GHG)emissionsinthepastfouryearsto

implementingacompany-wideprojecttomanageandreduceGHGemissions.

Onlycompanytoreportonitscarbonfootprintandvoluntaryreductionofcarbon

emissions,accordingtotheGHGprotocolclassificationofdirectandindirectemissions.

Providescomprehensivegraphicalanddiagrammaticpresentationofcomparativedata

forannualcarbonemissionsfromactivitiesmaterialtooperations.

Transparentobjectives,targetsandexplainsreasonstargetswerenotmet.

Comprehensiveandtransparentdisclosureonmonitoringofenvironmentaland

consumptionindicatorssuchasresourceuse(waterandairquality)andnoise

monitoring.

Comprehensivedisclosurestrategytowardsthepreservationofbiodiversityincludes

bio-aquaticmonitoring,bioassaytesting,andchlorellavulgarisgrowthrate.

Detaileddescriptionofcontinuousimprovementprogramme.

FloraandfaunasurveyofsitestoidentifythetypeandtotalnumberofspeciesalignedtotheInternationalUnionforConservationof

NatureRedListofThreatenedSpeciesandthoselistedundertheMalaysianWildlifeProtectionActof1972.




20

tk maaa bhad

ProvidesaclearpictureofTM’ssustainabilitypracticesagainsttheCSRframework.

Humanrightstrainingforpersonnelinensuringthatemployees’rightsareprotected

andrespectedaspartofitscommitmenttotheUNGlobalCompact.

Incentivestiedtosustainabilityperformance,suchasanAccidents-FreeAwardtostriveforayear-roundaccident-freeenvironment.

Explainsitssupplierengagementprocess,implementationofitsCodeofBusiness

Ethics,andresultsofitssuppliersatisfactionsurvey.

Detailsitssignificantsupport,investmentandimpactineducationinitiativesthrough

scholarshipsandTheMultimediaUniversity.

Disclosesequalopportunitypracticesthattakeintoaccountemploymentopportunitiesforpeoplewithdisability,equalpayformenandwomen,andethnicity.

Clear,transparentpresentationanddisclosureonfiveyeartrendsofaccidentrates,

injuryfrequencyrate,lostworkdayrates.

Detailedactiveemployeeengagementandtransparentdisclosureon‘Collectivebargainingagreements’andtherelevantpolicies.


Winner – reporting on soCiAl performAnCe

S U S T A I N A B I L I T YR E P O R T2010

TELEK L I E H ( 12 4 -

L l ( uth in , n r TJ l n nt i h r u, K u l L um u r

l si

CO NN E CT COMMUN I CA TE CO LLA BO R A TE

Th is sus t in i li t r r ti s r in t n r c c l n n vi r nm n t fr i n l m t r i l .



21


Winner – reporting in An AnnuAl report

bh Aca tacc (maaa) bhad

TheonlyannualreportwithaGRIG3index.

DetailedexplanationofperformanceagainsteachGRIindicator,supportedwith

relevantdata.

ExplainstheCSRgovernancestructurewhichplacesitsmembersandthemanagingdirectorasthehighestdecision-makingbodyforsustainabilityinitiatives.

BATMalaysia’sCSRframeworkprovidesaclearunderstandingandlinkbetween

BATMalaysia’sstatementofbusinessprinciples,CSRcommitteeandtheirrelevance

andrelationtogovernance,reportingandverification.

Stronggovernancesectionwhichhighlightsresponsibilitiesoftheboard,committee

setup,internalauditprocesses,managementapproaches,whistleblowingpolicies,

corporateriskmanagementmeasuresandidentification.

Welllaidoutandoveralldisclosureinallfouraspectsofenvironment,marketplace,

workplaceandcommunity.

Usefulinclusionofhighlightswithinspecificsectionsofthereport,whichprovidessummariesandkeystandoutperformancepoints.



22


Winner – best first time reporter

maak

Providesclearunderstandingofreportingscope,reportingperiod,reportingcycle

andreportingframework.

Welloverallstructureandlaidoutdisclosureacrossenvironment,workplace,

marketplaceandcommunity.

ProvidesaclearoverviewofMaybank’scommitmentsrelevanttoeachsection.

AstrongstatementfromthePresidentandCEOshowingunderstandingofthe

linkagesbetweensustainabilityandthebusiness.

Detailsoncustomerengagementandfeedbackmechanismssupportedbytrends

ofthenumberofcomplaintsandengagementindexscore.

ExplainsenergyefficiencyandGHGemissionreductioncommitmentsincludingtargetsettingsandinitiativestaken.

DisclosescommitmentbetweenmanagementandemployeesthroughanEmployee

EngagementIndexandthemonitoringofoutcomes.

Clearcommitmentstomaterialissuesinthemarketplacesuchasthegreentechnologyfinancingscheme,cleanenergyfund,supply

chainprocurementpolicy,ethicalsupplychainmanagement,andpreventionofcorruption.



23


CommenDAtion – strAtegy AnD governAnCe

maak

DisclosureofMaybank’sstrategicfocusthroughitsvision,fiveyearaspirationsandintegrationofCSR

aspartofMaybank’sbusiness.

InclusionofMaybank’sGroupSustainableCorporateResponsibilityPolicyStatementcomplemented

withadiagramofMaybankGroupSustainableCorporateResponsibilityFramework.

Clearmaterialitymatrixidentifyingissuesthataremostmaterialtothebusinessandstakeholders.

The‘Maybank’sCorporateGovernanceModel’providesdetailsofboardremunerationandperformance

evaluation,boardsatisfactionindex,andinternalcontrol.Thesectionincludesexplanationofarisk

governancestructurecoveringareassuch‘BaselIIapproach’and‘whistle-blowerpolicy’.

StatementofcomplianceprovidesunderstandingofMaybank’smonitoringofcorporateriskonnon-complianceofstatutoryand

regulatoryrequirements.

CommenDAtion – stAKeHolDer engAgement

né (maaa) bhad

Clearidentificationofstakeholdersandengagement.

TwoannualstakeholderengagementsessionsattendedbyexpertsrelevanttothethreesharedvalueofNestle–nutrition,waterandruraldevelopment.

Resultsofstakeholderengagementbrokendownintotopicsidentified,issueshighlighted,stakeholder

recommendationandNestleactionplans.

Activeconsumerengagementthroughroadshowstounderstandanddevelopproductsthatmeettheir

expectationsandnutritionalneeds.

EngagementwithlocalfarmersinKelantantoproduceandsupplychilliesforMAGGIChilliSauce,helpingtocreatenewandsustainableincomeopportunities.



24


CommenDAtion – AssurAnCe

uem e sd bhd

Demonstratesincrementalimprovementwithinclusionofathirdpartyassurancestatementinthisyear’s

sustainabilityreport.

Establishesscopeofassurance,independenceandimpartiality.

Providesalistofinternalandexternaldocumentationinvestigatedandreviewed.

Explainsshortcomingsandprovidesrecommendations.

CommenDAtion – integrAteD reporting

pcak naa Hd bhad

Withthemovetowardsintegratedreporting,companiesareincreasinglydemonstratingthis

seamlessconnectionbetweennonfinancialandfinancialreporting.PuncakNiagaHoldingsBerhad’s

attemptsonintegratingconventionalinformationwithinanannualreportandsustainabilityreporting

ishighlycommendable.

l .c .follow puspelon

unc i H l in rh 416087 U

ismaoz al i , o4, ers iaran ukan, eksyen 13,

40100 hah lam, elangor arul Ehsan, alays iaT+603 5522 8589

F+603 5522 8598Ecorcom uncakniaga. com. my

. u n c n i . c m . my i n v t r . h tm l

Sustainable Growth

AnnualReport 2010

u

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25

Asinpreviousyears,thejudgesofthe

ACCAMaSRA2011providefeedback

onthestateofreporting,basedonthe

reportssubmitted.Companiesinvestalot

oftimeintheirsustainabilityreportand

thefeedbackandreflectionprovidedhere

ismeanttoraisethebaronsustainability

reportinginMalaysia.

ThroughthenineyearsoftheACCAMaSRA,theoverallqualityofsustainability

reporthasimprovedyearonyear.

Amongtheleadersinsustainability

reporting,therecontinuestobesignificant

improvementsbuttherestofthefield

arecatchingup,andnewleadersare

emerging.Thejudgeshavenotedasmall

increaseinstand-alonesustainability

reports,andasignificantjumpinthenumberofreportsthatarebeingassured,

lendingmorecredibilitytothesereports.

MovingontothenextdecadeoftheACCA

MaSRA,thejudgesnotethefollowing

areasforfutureimprovementstofurther

drivecredibleandrobustsustainability

reportsinMalaysia:

foCus on reporting prinCiplesMorecompaniesareadoptingtheGRI

framework.However,manycompanies

appeartobelievethatanA+reportis

thebenchmarkofgoodreporting.This

encouragestheuseofGRIappearstobe

usedasatick-box,focusingonreporting

onthemaximumnumberofindicators,

ratherthanaddressingtheGRIPrinciples

thatshouldguidesustainabilityreporting.Itisworthnotingthatthewinnersof

theMaSRAoverthepastthreeyears

havebeenGRIreporters,butnoneof

thesereportswereA+reports,but

reportswhichclearlyaddressedthe

principlesofMateriality,Inclusiveness

andCompleteness.

mAteriAlity AnD bAlAnCe

Materialityisacoreprinciplefor

definingreportcontent.Materialityistheprioritisationoftopicsorindicators

sufficientlyimportanttobeaddressed

inthereport.Readersofsustainability

reportswanttoknowwhatinternaland

externalmethodologieswereusedto

determinewhetheranissueismaterial.

Companiesthatunderstandmateriality

areabletoprovideacomprehensiveandconcisepictureofitssignificanteconomic,

environmentandsocialimpacts.The

judgesnotedthatthelackoffocuson

materialityledtodiscrepanciesbetween

peers.Forexample,thetwotelecoms

companies,TMandDiGi,appearedto

placeconflictingemphasisonclimate

change:WhereasTMreportedthisasa

lowpriority,DiGireportedthisasafocus

areaandakeymaterialissue.Thelackofdetailedexplanationonthemateriality

identificationprocessmakesitdifficultfor

readersandstakeholderstoassessthe

accuracyoftheprioritisation.

Asustainabilityreportshouldreflect

positiveandnegativeaspectsofa

company’sperformancetoprovidefora

reasonableandbalancedassessmentof

overallperformance.Thejudgesnotedthat

sustainabilityreportstendtobeskewed

towardspeople-centricimpacts,and

towardspositivestories.Therewaslittle

discussionoffailuresandchallenges.In

onecase,anotherwisecomprehensive

reportmadenomentionofasignificant

governanceissue,whichhasbeen

widelyreportedinthemedia.Thisleaves

stakeholderswiththeimpressionof‘cherry

picking’,andcastsdoubtonthecredibilityofthereport.

Completeness AnD bounDAries

ManyMalaysiancompanieshave

growninsizetobecomeinternational

businesses.Theirgeographicalspread

iswide,employingthousandsofpeople

acrossdiversifiedbusinesses.Malaysian

companieshaveoperationsindeveloping

countrieswheretherearerisksof

humanrightsviolation,securityrisksto

employees,aswellasdevelopmental

opportunitieslinkedtotheiroperations.

ThisgrowthofMalaysiancompaniesis

notreflectedinsustainabilityreportsas

mostcompanieschoosetoconfinetheir

reportingtolimitedpartsoftheiractivities

orgeographicaloperations,withnotime

boundplanorcommitmenttoexpandtheirreportingboundaries.

Inparticular,environmentalreportingis

oftenlimitedtoheadquarterimpacts,

ignoringimpactsfromlogistics,retailor

fieldoperations.Companiesalsotendto

excludebranchesoroperationsabroad,

whichcombinedmayconstitutealarger

footprintthantheheadquartersalone.

Equallytroublingistheopacityofthe

judges’feedback



26

reports.Inmanycasesitisnotclearwhat

aspectsthereportcoversandwhatis

excluded,leavingstakeholderswithouta

clearpictureofimpactsandeffectiveness

ofactivities.

inClusiveness AnD stAKeHolDer

engAgement

Stakeholderengagementiscoreto

developingandembeddingarobustsustainabilitystrategy.Overtheyears,this

aspecthasbeenstrengthenedinMalaysian

sustainabilityreportsthroughcasestudies

andinterviews.

However,manyengagementsappeared

tobetestimonials,ratherthan

genuineengagements.Thejudges

encouragecompaniestobemore

engagedwithcriticalstakeholders,

astheseengagementscanhaveits

benefits.Opennesstoconcernscan

leadtoproductivecooperationoverkey

challengesthatimpactsonacompany

anditsindustry.

Stakeholderengagementneedstogo

beyondmerelyreportingmeetingswith

stakeholders,butalsodemonstrateresponsivenessandawillingnesstolisten

toconcerns.Inonereport,thecompany

dismissedthecommunity’sconcernsas

‘unfortunatelymis-constructed’ratherthan

addressingwhatthecompanywished

todoaboutsuchmisunderstandings.

Ascompaniesembedsustainability,a

morestructuredstakeholderengagement

processwillbeneededtodemonstrate

responsiveness.Thisinvolvesidentifying,

defining,anddisclosingwhothekey

stakeholdersare,demonstratingthat

concernshavebeentakenonboard,and

involvingstakeholdersinimprovements.

embeDDing of sustAinAbility

Sustainabilitystrategyshouldbe

integratedintocorporatestrategy.

Thisisreflectedwhenthehighest

decisionmakingbodyofacompanydrivessustainability.Thedomino

effectofintegratingsustainabilityatan

organisation’shighestlevelchangesthe

wayanorganisationoperates,itspriorities,

performance,employeemoraleandtime

spentonengagementwithstakeholders.

Thejudgeswouldliketoseemore

disclosureonwhoisultimatelyresponsible

forsustainabilitywithinacompany,

howsustainabilitystrategyisdeveloped,

implementedandsubsequentlydriven

acrossthecompany,andhowKPIs

andemployeerewardsarelinkedto

sustainabilityperformance.

tHe vAlue of AssurAnCe

Itisapositivedevelopmentthatmore

companiesseekthird-partyassurance,asthisprovidesforgreatercredibilityand

robustnessofthereportingprocess.

However,thejudgesnotedthatmany

assurancestatementsdidnotseem

toaddvaluetothereports,andthat

assurancestatementsappearedrepetitive,

ratherthanspecificallyaddressingthe

individualcompany.Severalassurance

statementscontainederrors,incorrect

referencing,identicalexclusionsand

recommendationsacrossdifferentreports,

andlimitedscopeofassurance.

Third-partyassurancebringsadditional

costtothereportingprocess,and

companiesshouldthereforeensurethat

theyunderstandtheobjectivesandgetfull

valuefromtheprocessofassurance.

Companiesneedtoaskseveralquestions:

Whatisthereasonforanassurance?

Whichstakeholdersneedtobeassured?

DostakeholdersunderstandanISAE3000

assurance?Doeshavinganassurance

withexclusionsorlimitedscopeaddvalue

tothesustainabilityreport?Doesthe

assurancedefinewhere,whatandwhy

areaswereexcluded?Istherevalueto

assurancestatementswhereinternational

standardsarenotedbutnotfollowed?

Isthereaconflictofinterestbetween

assuranceproviderandtheauthor/

consultantofthereport?

Thoughanassuranceistypically

providedbyprofessionalfirms,there

areotherwaystoassurestakeholdersa

sustainabilityreportisrobustandcredible.Companiescanengageasubjectmatter

expert,acriticalstakeholder,orapanel

ofstakeholderstoprovideareviewof

sustainabilitydisclosuretoensurethe

reportisbalance,completeandaddresses

allmaterialissues.

proACtive DisClosure

Thejudgesnotedthatmorecompanies

reportonresourceuseandreductions

judges’feedback



27

achieved.Thisformofreport,though

insightful,isretrospectiveinnature.

Movingforward,companiescantake

amoreproactiveandforwardlooking

disclosurethrough:

setting long term tArgets

LongtermtargetsandKPIssendastrong

messagetostakeholdersonthecompany’s

goalsandcommitmentstoaddressingmaterialissues.Italsodemonstratesthat

sustainabilityisembeddedinoperations

bydisclosingthemanagementapproach

andinitiativesundertakentoachieve

suchtargets.

benCHmArKs

Benchmarkprovidescontextastohow

thecompanyisperforminginrelation

toitsindustrypeers.Whatarethe

industrybenchmarksforsustainability?

Arethereindustrycertificationschemes?

Isacompany’scommitmentrealistic

andonparwithintheindustryandcan

thecompanydemonstrateleadershipin

theindustry?

voluntAry Commitments

Theinternationalcorporatecommunityhasgalvanisedasacoalitiononarange

ofsustainabilityagendasthroughthe

developmentofvoluntarycommitments.

Somevoluntarycommitmentsare

universal,suchastheUnitedNations

GlobalCompactandtheCarbonDisclosure

Project,andsomewhichareindustry

specific,suchastheEquatorPrinciple,the

GreenBuildingIndexandtheRoundtable

onSustainablePalmOil.Beyondjust

signinguptothesecommitments,

companiesneedtoreportonprogrammes

andactivitiestodemonstratecompliance

andactivecommitment.

invest AnD involve Communities

Malaysiancompaniesareverygenerous

tothecommunitiestheyoperatein.This

isreflectedintheirdisclosureofcorporate

givingprogrammes,theamountoftimespentandfinancialresourcesdonated.

Thereisaroleforbusinessestocontribute

tothedevelopmentagendainMalaysia

thatgoesbeyondmerelyhelping

studentsattainhigherpassingrates.

Companiesfailedtorecognisetheimpact

suchinvolvementhavebroughttothe

community,aswellasforthecompany

staff.Emphasisonlocalemployment

opportunitiesandskillsdevelopmentto

buildwealthinlocalcommunitiesand

adoptionofappropriatetechnologiesare

alsocommunityinvolvementandimpact

thatcanbemeasuredanddisclosed.

Communityinvolvementandengagement

isapartofstakeholderengagement.

Emphasisofsuchlinkswiththecommunityensuresthattheyare

involvedindecisionsthatimpactthem.

Suchengagementandinvolvement

withcommunitiescanhavepositive

reputationalimpactsaswellas

maintainingalicencetooperate.

judges’feedback



28

supportingorganisations

AccA

AccountAbilityisaleadingglobalorganisationprovidinginnovativesolutionstothemostcritical

challengesincorporateresponsibilityandsustainabledevelopment.Since1995wehavebeen

helpingcorporations,non-profitsandgovernmentsembedethical,environmental,social,and

governanceaccountabilityintotheirorganisationalDNA.Ouruniquevaluepropositionbrings

togetherleading-edgeresearch,widely-recognisedstandardsandstrategicadvisoryservicesto

deliverpracticalsolutionsforourclients.

AccountAbilityworksto:

• Helpitsclientsandmembersimprovebusinessperformanceandbuildsustainablecompetitive

advantage

• Enableopen,fairandeffectiveapproachestostakeholderengagement;

• Developandrecogniseresponsiblecompetitivenessincompanies,sectors,countriesandregions;

• Createeffectivecollaborativegovernancestrategiesforpartnershipsandmultilateralorganisations

thataredeliveringinnovationandvalue,andsetandinfluencesustainabilitystandards.

• Helpcorporations,non-profitsandgovernmentsembedethical,environmental,socialand

governanceaccountabilityintotheirorganisationalDNA.

Ourvisionisofaworldwherepeoplehaveasayinthedecisionsthathaveanimpactonthem,and

whereorganisationsactonandaretransparentabouttheissuesthatmatter.

AtthecoreofourworkistheAA1000SeriesofStandardsbasedontheprinciplesof:

• Inclusivity–peopleshouldhaveasayinthedecisionsthatimpactonthem

• Materiality–decisionmakersshouldidentifyandbeclearabouttheissuesthatmatter

• Responsiveness–organisationsshouldbetransparentabouttheiractions.

enDorser

ba maaa bhad

BursaMalaysiaisanapprovedexchangeholdingcompanyunderSection15oftheCapitalMarkets

andServicesAct2007.ApubliccompanylimitedbysharesundertheCompaniesAct1965,Bursa

Malaysiaoperatesafully-integratedexchange,offeringequities,derivatives,offshore,bondsaswell

asIslamicproducts,andprovidesadiverserangeofinvestmentchoicesglobally.BursaMalaysia

SecuritiesregulatesandoperatesthesecuritiestradingactivitiesinMalaysia,astockmarketwith

about1,000companiesacross50economicactivities.Companiesfromanyeconomicsectorsare

listedeitherontheMainMarketforlarge-capestablishedcompanies,orontheACEMarketfor

emergingcompaniesofallsizes.TheExchangeadoptstheFTSEBursaMalaysiaKLCIvaluesasits

mainindex.

enDorser



29


supporter

Car.c

CorporateRegister.comistheglobalcorporateresponsibility(CR)resourceswebsite.Ithoststhe

world’smostcomprehensivedirectoryofCRandsustainabilityreports,profilingover35,000reports

worldwidefromover8,000companies.Withanarchivestretchingbackto1990itisindispensable

foranyoneworkinginthefieldofCRandsustainabilityreporting.

Therearenownearly6,000newreportseveryyear,andthissiteistheonlyplacetofindthemall.

Thesitealsofeaturesafullsearchabledirectoryofover7,000organisationsinvolvedinCRreporting.

CorporateRegister.com’sannualCRreportingawards,theCRRA,arenowintheirfifthyear–see

www.-awad.c

www.corporateregister.com

[email protected]

+442070143366

Da e (Doe)

TheDepartmentofEnvironment(DOE),establishedin1975,ismandatedundertheEnvironmental

QualityAct(EQA),1974toprevent,controlandabatepollution.Itisalsoempoweredtoenforce

SectionIVoftheExclusiveEconomicZoneAct,1984.

m

DOE’smissionistoensuresustainabledevelopmentintheprocessofnationbuilding.

sa a aa•PollutionControlandPrevention

•SustainableDevelopmentthroughConservationofResources

•IntegrationofEnvironmentalFactorsinDevelopmentPlanning

•EnvironmentalEducationandAwareness

•PublicParticipation

•Inter-AgencyandFederal-StateCooperation

•Bilaterally,RegionallyandInternationalCooperation.

enDorser



30


meDiA pArtners

th ed b Wk

TheEdgeBusinessWeeklyisanaward-winningandbestsellingbusinessandinvestmentweekly

newspaperinMalaysia.Itprovidesreaderswithauthoritative,analyticalcontentonthecorporate,

investment,realestate,technology,management,mediaandlifestylesectors.Sinceitslaunchin1994,

ithasbecometheweeklystapleforcorporateexecutivestokeepabreastofbusinessandinvestment

developmentsinthecountry.Itisdistributednationwidevianewsstandsandbypaidsubscription.

TheEdgeBusinessWeeklyispublishedbyTheEdgeCommunicationsSdnBhd.

th ed faca Da

LaunchedonMay22,2007,TheEdgeFinancialDailyisthelatesttitlefromthepublishersofTheEdge.

Itactsasastandalonedailybusinesspaperwhichcomplementsitsweeklysisterpublication.Published

MondaystoFridays,TheEdgeFinancialDailyprovidesbusinessnewsreportingandarticleswithlocal

insightsandglobalerspectives.ItisdistributedmainlyintheKlangValleyaswellasotherkeymarket

centres.Itisavailableatnewsstandsandbypaidsubscription.



31

ACCA(theAssociationofChartered

CertifiedAccountants)istheglobalbody

forprofessionalaccountants.Weaim

toofferbusiness-relevant,first-choice

qualificationstopeopleofapplication,

abilityandambitionaroundtheworldwho

seekarewardingcareerinaccountancy,

financeandmanagement.

Foundedin1904,ACCAhasconsistentlyhelduniquecorevalues:opportunity,

diversity,innovation,integrityand

accountability.Webelievethat

accountantsbringvaluetoeconomies

inallstagesofdevelopment.Weaimto

developcapacityintheprofessionand

encouragetheadoptionofconsistent

globalstandards.Ourvaluesarealignedto

theneedsofemployersinallsectorsand

weensurethat,throughourqualifications,

weprepareaccountantsforbusiness.

Weworktoopenuptheprofessionto

peopleofallbackgroundsandremove

artificialbarrierstoentry,ensuringthatour

qualificationsandtheirdeliverymeetthe

diverseneedsoftraineeprofessionalsand

theiremployers.

Wesupportour147,000membersand

424,000studentsin170countries,

helpingthemtodevelopsuccessful

careersinaccountingandbusiness,and

equippingthemwiththeskillsrequiredby

employers.Weworkthroughanetwork

of83officesandcentresandmorethan

8,500ApprovedEmployersworldwide,

whoprovidehighstandardsofemployee

learninganddevelopment.Throughourpublicinterestremit,wepromotethe

appropriateregulationofaccounting.We

alsoconductrelevantresearchtoensure

thatthereputationandinfluenceofthe

accountancyprofessioncontinuestogrow,

provingitspublicvalueinsociety.

ACCAhasbeenactivelyinvolvedinthe

unfoldingdebateofCSRandsustainability

reportingformorethan15years.ACCA

promotestransparencyandaimstohelp

businessesandorganisationsrealisethe

growingimportanceofsustainability.ACCA

promotesCSRandsustainabilityglobally

andinMalaysiathroughrecognition

ofbestpractices,capacitybuilding,

education/informationandresearch.

31

aboutACCA



ACCA maaa sd bhd(473007P)

27thFloorSunwayTower Kch bach

No86JalanAmpang Unit#8.01

50450KualaLumpur 8thFloorGatewayBuilding

tel:+60327135051fax:+60327135052 No9JalanBukitMataemail:[email protected] 93100KuchingSarawak

www.accaglobal.com tel:+6082425051fax:+6082426061

ACCAMalaysiaSustainabilityReportingAwards(MaSRA)2012

An invitAtion to pArtiCipAte

Ifyoudiscloseenvironmental,socialorfullsustainabilityinformationaboutyourorganisation,weinviteyou

toparticipateinACCAMalaysiaSustainabilityReportingAwards2012.

TheACCAMalaysiaSustainabilityReportingAwards2012timetableis:

mach 2012 Announcementofthe2012Awards

30 J 2012 Entrydeadline

A 2012 Judges’meetings

oc 2012 Awardspresentationceremony

IfyouhaveanyquestionsabouttheAwardsscheme,pleasecontact

m vah gaah

tel:+(603)27135051ext15fax:+(603)27135052

email:[email protected]

Documents

Judges Report ACCA-MaSRA2011