The awards are presented for outstanding corporate reporting in the private and public sectors, and seeks to “recognise the achievement of organisations that have differentiated themselves through the clarity and transparency of their reporting – in short, showing the way forward on the journey towards ‘telling it how it is’”.
At the awards ceremony, PwC said: “As well as applauding their efforts , we urge others to emulate them in striving for ever more open, accessible, honest and integrated disclosure of their objectives, actions and impacts”.
Lonmin was awarded the accolade for clear and open sustainability reporting, structured imaginatively around clear linkages between different stakeholder groups and sustainability issues.
PwC was particularly impressed by the introductory letter from the CEO, which focuses on the company’s development of stakeholder relationships, and by the fact that this stakeholder-centric perspective is sustained throughout the discussion of each of the material sustainability focus areas.
Risks are also discussed alongside opportunities within each focus area with risk impacts and mitigation clearly linked to management plans.
Coverage of the strike in 2014 was also found to be balanced and transparent.
“This is sustainability reporting that really holds your attention,” commented a judge.