Conglomerate SM Investments Corp. (SMIC) won the bronze prize in Asia’s Best Sustainability Report (Digital)—the SMIC Sustainability Microsite category at the 5th Asia Sustainability Reporting Awards (ASRA), considered as the most prestigious awards for reporting.
Lender BDO Unibank Inc. also clinched the bronze prize for Asia’s Best Sustainability Report (First Time) category.
“SMIC’s report demonstrates the organization’s leadership in sustainability reporting and its commitment to creating long-term value for stakeholders,” the company said.
The winners were selected from 461 entries received from 16 countries in Asia. The 2019 ASRA saw 80 shortlisted companies from 13 countries competing in the finals across 19 awards categories. “As institutional investors require greater accountability regarding a company’s sustainability performance, sustainability reporting has become an essential tool for communicating how the reporting organization manages its material economic, environmental and social impacts, risks and opportunities,” the company said.
ASRA has continuously raised the bar for quality and authenticity of reporting introducing a healthy competition among companies in Asia. The body recognizes and honors sustainability reporting leaders in Asia. The awards are open to all types and sizes of private, public and nonprofit organizations in all sectors which produce a sustainability report or an integrated report in Asia. An independent panel of judges evaluates the entries to select the winners.
