Axiata Group Berhad

WINNER: BESTSUSTAINABILITY REPORT

ACCA MaSRA 2015

ABOUT ACCAACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants. We aim to offer business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.

ACCA supports its 178,000 members and 455,000 students in 181 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. ACCA works through a network of 95 offices and centres and more than 7,110 Approved Employers worldwide, who provide high standards of employee learning and development. Through its public interest remit, ACCA promotes appropriate regulation of accounting and conducts relevant research to ensure accountancy continues to grow in reputation and influence.

Founded in 1904, ACCA has consistently held unique core values: opportunity, diversity, innovation, integrity and accountability. We believe that accountants bring value to economies in all stages of development and seek to develop capacity in the profession and encourage the adoption of global standards. Our values are aligned to the needs of employers in all sectors and we ensure that through our qualifications, we prepare accountants for business. We seek to open up the profession to people of all backgrounds and remove artificial barriers, innovating our qualifications and delivery to meet the diverse needs of trainee professionals and their employers.

www.accaglobal.com

Digi.Com Berhad

RUNNER-UP: BESTSUSTAINABILITY REPORT

Nestlé (M) Berhad

RUNNER-UP: BESTSUSTAINABILITY REPORT

Nets Printwork Sdn Bhd

BEST SUSTAINABILITYREPORTING IN SMEs

PwC Malaysia

BESTWORKPLACE PRACTICES

Any enquiries about the Awards can be directed to:Ms Vivian KoT: +603 2182 3606 / F: +603 2713 5052 / E: vivian.ko@accaglobal.com

ACCA Malaysia Sdn Bhd (473007 P)

27th Floor Sunway Tower No 86 Jalan Ampang 50450 Kuala LumpurT: 1800 88 5051 / F: +603 2713 5052 / E: myinfo@accaglobal.com

The information contained in this publication is provided for general purposes only. While every effort has been made to ensure that the information is accurate and up to date at the time of printing, ACCA accepts no responsibility for any loss which may arise from information contained in this publication. No part of this publication may be reproduced, in any format, without prior written permission from ACCA. © ACCA November 2015.

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Sime DarbyProperty Berhad

BEST FIRST-TIMESTAND-ALONESUSTAINABILITY REPORT

Sime Darby Berhad

BEST REPORTING WITHINAN ANNUAL REPORT

51207

PARTICIPANTS

SHORTLISTED

WINNERS

1 December 2015Kuala Lumpur

Of�ciated byYB SenatorDato' Sri AbdulWahid Omar

ACCA MalaysiaSustainabilityReporting Awards(MaSRA) 2015

PARTNER ENDORSED BY

The judges observed that participating organisations continued to make quality improvements in their reports and attempted to address gaps raised in previous years. However, there remain areas requiring further improvements. The following is a summary of the key observations for improvements made by the ACCA MaSRA 2015 panel of judges.

Panel of Judges Judges’ Comments

FINAL JUDGES

SHORTLISTING JUDGES

Sharifatu LailaSyed AliChief Executive Officer, ValueCap Sdn Bhd

Goh Ching YinExecutive Director, Market Development, Securities Commission Malaysia

Salleh HassanDirector of Examinations & CPE and Corporate Governance, Securities Industry Development Corporation (SIDC)

Selvarany Rasiah Chief Regulatory Officer, Bursa Malaysia Berhad

Thiagarajan NadesonHead of Market and Education, WWF Malaysia

Johan Mahmood MericanChief Executive Officer, Talent Corporation Malaysia Berhad

Rita Benoy BushonChief Executive Officer, Minority Shareholder Watchdog Group

Dr HajjahFaizah DarusHead, Asia-Pacific Centre for Sustainability (APCeS), Universiti Teknologi Mara

Dr Ho Jo AnnSenior Lecturer, Faculty of Economics and Management, Universiti Putra Malaysia

Ng Kean KokDeputy Dean, Department of Finance, Universiti Tunku Abdul Rahman

Professor Dr Nik Nazli Nik AhmadLecturer, Department of Accounting, International Islamic University Malaysia

• To expand the pool of internal and external stakeholders and better engage them to identify their concerns and needs for assessment of material sustainability matters.

• Management response from the engagements should be clearly discussed to give assurance that the feedback is being considered.

Stakeholder engagement

• The assessment should re�ect consideration of the whole life-cycle and value chain, and best presented by way of a materiality matrix.

• Benchmarking against the industry within the context of global trends adds value as it allows readers to contextualise sustainability decisions made by management.

Assessment of material sustainability matters

Integrated reporting approach

• To focus on quality of information rather than quantity.• Discussions on risk management can be made clearer with

explanations on how key sustainability-related risk areas are being managed under the sustainability strategy and actions undertaken or planned and the progress made thus far.

Honest and transparent communications

• Reports should be more balanced and transparent in explaining controversies surrounding operations or products and services as well as in explaining missed targets and plans going forward.

• Winning reports clearly re�ect the organisation’s understanding of its business impacts on the economy, society and environment.

Workplace practices

• Urgent need to expand scope of disclosure from merely narrative to include diversity and inclusivity metrics such as gender composition by level, ethnicity, age, ratio of basic salary, work arrangements, work-life bene�ts and family-friendly facilities as well as programmes and networks being made available for employees.

• Other areas include employee turnover rates, employee engagements, training and development, and most importantly, indication of tone from the top in advocating good workplace practices.

Going digital

• Digital reports should be the way forward.• Ideas for consideration include:

o Digital reports to be easily cross-referenced with ‘word search’ functions and be downloadable into pdfs or e-books.

o Printing only limited copies of report summaries or making printed full reports available only upon request.

• The linkage should be clearly demonstrated with speci�c goals, action plans, targets and progress measures (with explanations on why targets were not met, if any) as well as the way forward.

• Sustainability initiatives should be designed to empower and enable rather than be purely philanthropic.

Linking sustainability strategy to business strategy

• Corruption and ethical misconduct should be given more primacy. There is currently insuf�cient disclosure on corruption risk assessment and management as well as subsequent actions taken.

• To demonstrate clear governance structure with more disclosure on composition and duties of the relevant committees.

Ethics and governance

Please referto the full report for detailedjudges’ comments atwww.accaglobal.com/my/masra