mallenbaker.net: UK: Best social and environmental reporters recognised
A News item from Business Respect, Issue Number 71, dated 25 Feb 2004
The Co-operative Bank has been named as the UK company that had produced the best sustainability report in the last year by the Association of Certified Chartered Accountants (ACCA) awards. Shell International was runner-up.
GlaxoSmithKline was awarded for its environmental reporting. Co-operative
Insurance Services (CIS) and Traidcraft were joint winners for the Social
Reporting category, with BNFL commended as the best first time social reporter.
British American Tobacco, BT Group, Powergen and the Co-operative Bank were all commended for their electronic communications in support of their social reporting.
Andrew Harding, Executive Director of ACCA UK, said: "ACCA is pleased to have received so many strong entries for this year's UK Awards which recognise that sustainability reporting helps all stakeholders to gauge non-financial risk and identify poor performance. If used properly, non-financial reporting also helps organisations to control weaknesses and minimise the risk of ethical misconduct. There is, however, a long way to go. Many more organisations should be reporting in this way and those that do still have room for improvement."
One area highlighted was that there needed to be more disclosure of lobbying positions taken by organisations on key public policy issues.
Webmaster note: The voting for the ACCA awards presumably took place before news broke of Shell’s oil and gas reverses scandal; the ACCA (and Shell) now have a considerable amount of egg on their faces.
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