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Title:Award for Best Belgian Sustainability Report 2013
Date of publishing:December 12, 2013
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Category:News
Language:English
Also available in the following languages:Dutch, French

Award for Best Belgian Sustainability Report 2013
December 12, 2013

For the fiftheenth time in a row, the Institute of Registered Auditors, with the support of the Federal Public Planning Service for Sustainable Development (POD DO – SPP DD), organised the Award for Best Belgian Sustainability Report.1

This initiative aims at encouraging organisations to report transparently on their activities on sustainable development and to provide guidelines to set out best practice in this regard.

Herwig Peeters, Director of Forum ETHIBEL was again member of  the jury.

The companies that were proclaimed winners of the Award for Best Belgian Sustainability Report 2013 are: Solvay in the category 'large enterprises', Struik Foods Belgium/Chillfis among the SMEs, Protos among NGOs Pro Natura and Lokale politie Sint-Pieters-Leeuw in the category 'other organisations'.

This year’s competition reflected the following trends and findings:

  • The increasing social demand for transparency especially puts large companies under pressure. This is reflected by an increasing number of large companies issuing sustainability reports. NGOs confirm this trend and increasingly disclose detailed information.
  • At present, sustainability information is often still presented in a separate chapter or section in the annual report and, accordingly, is not yet connected to financial information in the report. The majority of reports is therefore still more a “combined” than “integrated” report (i.e. a report connection financial and sustainability information).
  • The tools used by companies to produce sustainability reports (e.g. centralized databases, spreadsheets, e-mail) are in general rudimentary, even primitive, compared with those used for reporting on financial information.
  • A growing number of reports have an online and even interactive format such as a website entirely dedicated to the subject. In spite of efforts of creative reporting, the success of the reporting process still relies on its content and the presentation of clear and relevant information.
  • As more and more companies seek external experts to verify their reports in an independent manner, the demand for comparability and alignment across reports might increase. Today there is already a movement towards harmonization of reporting guidelines and standards.

All information about the Award can be consulted on the website: http://www.bestbelgiansustainabilityreport.be

 


(1) The initiative is equally supported by Business & Society Belgium, Kauri, CAP conseil, UNIZO, UCM, Antwerp Management School, UWE, CCI Wallonnie Picarde, Beci, IHK en VOKA