HOW THE AWARDS WILL BE JUDGED
The Asia Sustainability Reporting Awards are committed to follow the highest standards in awards judging. The guiding principles for judging the Awards include:
- Independent from organisers
- Avoidance of conflict of interest
An independent panel of judges with distinguished backgrounds will assess the entries to decide the winners. The judging panel will have members drawn from diverse fields such as non-profit organisations, academia, sustainability advocacy, professional bodies, industry networks and media to enrich the judging process. The judging panel is completely independent of the organisers to maintain the highest possible neutrality and objectivity.
All submissions will be evaluated by the panel of judges following rigorous criteria.
Entries will be evaluated in three rounds:
In this round, an initial evaluation will be carried out by experienced ESG Analysts. The qualifying entries will then proceed to the judging round (second round).
Judges will determine the finalists for each category. Each category is expected to have 6-10 finalists. The names of the finalists will be announced in mid-December 2017
In the third round, also the final round, the judges will take a closer look at the entries and will decide the winners. Each category is likely to have one winner. In exceptional cases, judges may select an entry for the “Highly Commended” merit award in addition to a category winner . The winners will be announced in early-Feburary 2018 at an Award Ceremony cum Gala Dinner event in Singapore.
WHAT WILL BE JUDGED
Only the publicly disclosed and available sustainability reports and communications will be considered for judging the entry. Information provided in the Entry Form will be taken into consideration. Sustainability information which is publicly not disclosed or available as well as future plans and initiatives will not be accepted as a basis for judging.
Judges will be using a broad set of parameters to evaluate each entry. Some of the parameters may apply to specific award categories while others may be more commonly applied. We recognise that sustainability reporting is a journey and different organisations may be at a different point in their journey. That’s why it’s not mandatory to meet the entire criteria to be a winner. However, the winners would have demonstrated that they are ahead of their peers when tested against these overall parameters.
In general, judges will be using the following parameters:
- How strong is the link between the company’s reported sustainability strategies and activities and its business strategy.
- Whether the company uses internationally accepted sustainability reporting frameworks such as GRI and Integrated Reporting. If not, whether the company uses other internationally recognized corporate responsibility principles including but not limited to ISO 26000, UNGC Principles or other guidelines relevant to the reporting organisation’s sector.
- How the company identifies, describes and addresses its most significant or material impacts and issues.
- How the company engages with stakeholders to build a more credible sustainability approach.
- Whether the report provides a clear description of goals and targets and how the progress is measured.
- Whether the report provides a clear description of the value created for the company or for its stakeholders or both.
- What is the degree of useful disclosure the company provides through the report.
- How comfortable the company is in disclosing its failures, shortcomings, under performance or sharing the negative news.
- Whether there is an independent assessment of the company’s reported performance. Examples of independent assessment may include but are not limited to:
- Views of internal or external stakeholders’ incorporated in the sustainability report in the relevant sections.
- Views expressed by an important external stakeholder or an external stakeholder panel included in the report.
- Relevant certifications disclosed in the sustainability report.
- External Assurance provided by independent assurance providers.