Excellence in Integrated Reporting Awards 2020
EY has today announced the top ranked companies in the 2020 Excellence in Integrated Reporting Awards.
The awards are designed to benchmark standards of excellence in the quality of integrated reporting of listed South African companies. The top 100 JSE-listed companies, based on market capitalisation as at 31 December 2019, were included for consideration. Pure holding companies were excluded.
Ajen Sita, CEO of EY Africa said; “We believe that in times of unprecedented economic uncertainty it is more important than ever to encourage companies to report in a transparent and balanced way. We hope that companies will be both inspired and encouraged by those who have set the bar high to improve the quality of their integrated reports.”
Nedbank Group Ltd achieved top ranking in the 2020 awards.
Kumba Iron Ore and Redefine Properties achieved second and third place respectively.
Stephen Ntsoane, EY South Africa Assurance Leader said: “The judges felt Nedbank scored excellently in almost every aspect of the marking process and noted that Nedbank’s report continues to improve every year. The report also handles the impact of the COVID-19 pandemic in a thoughtful manner, particularly in the context of framing risk, scenario planning and outlook for the future. “
The top 3 ranked companies were also recognised with “Honours”.
Honours are awarded to those high-quality integrated reports which the adjudicators believe have come closest to complying with the requirements of the International Integrated Reporting Framework.
Ntsoane further congratulated all the businesses who were ranked in the Top 10 for their outstanding reports.
The full top 10 rankings in order are:
- Nedbank Group
- Kumba Iron Ore
- Redefine Properties
- Netcare
- Vodacom Group
- Sasol
- Impala Platinum Holdings
- Truworths International
- Standard Bank Group
- Anglo American Platinum
The adjudication process also ranked all eligible companies’ reports in categories from excellent to progress needed.
*These rankings are included in notes to editor below.
The most positive reporting trends this year are the linking of remuneration disclosure to the strategic progress of businesses, governance disclosures integrated within the value creation narrative, COVID 19 impact disclosure as well as increased recognition of the United Nations Sustainability Development goals.
“There are however several areas that could be improved,” noted Larissa Clark, of EY Africa’s Professional Practice.
She cited the lack of distinction between short, medium- and long-term strategies as well as insufficient linkage between key performance indicators and the explanations of how the business is being managed. Insufficient explanation of the value the business wishes to create for itself and others was also an area marked for improvement.
“Financial statements on their own do not tell the whole story of a company’s performance. It is encouraging that companies are increasingly reporting on their environmental impacts, employee-related issues and corporate social responsibility issues,” Clark added.
Notes to Editors
The awards were adjudicated by:
- Mark Graham, Associate Professor at the University of Cape Town’s (UCT) Graduate School of Business.
- Goolam Modack, Associate Professor in the Faculty of Commerce at the University of Cape Town.
- Alexandra Watson, independent director of two listed companies and former Richard Sonnenberg Professor of Accounting in the College of Accounting at the University of Cape Town.
All companies reporting categories:
Excellent category
- Absa Group Ltd
- Anglo American Platinum Ltd
- Anglo American plc
- Aspen Pharmacare Holdings Ltd
- Attacq Ltd
- Exxaro Resources Ltd
- Impala Platinum Holdings Ltd
- Kumba Iron Ore Ltd (2nd overall and with Honours)
- Life Healthcare Group Holdings Ltd
- Nedbank Group Ltd (1st overall and with Honours)
- Netcare Ltd
- Pick n Pay Stores Ltd
- Redefine Properties Ltd (3rd overall and with Honours)
- Reunert Ltd
- Royal Bafokeng Platinum Ltd
- Sappi Ltd
- Sasol Ltd
- Standard Bank Group Ltd
- Telkom SA SOC Ltd
- Truworths International Ltd
- Vodacom Group Ltd
- Woolworths Holdings Ltd
Good category
- Adcock Ingram Holdings Ltd
- African Rainbow Minerals Ltd
- AngloGold Ashanti Ltd
- Barloworld Ltd
- Clicks Group Ltd
- Coronation Fund Managers Ltd
- Discovery Ltd
- Glencore plc
- Gold Fields Ltd
- Growthpoint Properties Ltd
- Hammerson plc
- Harmony Gold Mining Company Ltd
- Hyprop Investments Ltd
- Imperial Logistics Ltd
- Investec Property Fund Ltd
- JSE Ltd
- Liberty Holdings Ltd
- MAS Real Estate Inc
- Massmart Holdings Ltd
- Mondi plc
- Mr Price Group Ltd
- MTN Group Ltd
- Northam Platinum Ltd
- RCL Foods Ltd
- Remgro Ltd
- Shoprite Holdings Ltd
- Sibanye Gold Ltd
- The Foschini Group Ltd
- Transaction Capital Ltd
Average category
- Astral Foods Ltd
- BHP Group plc
- Bid Corporation Ltd
- British American Tobacco plc
- Capital & Counties Properties plc
- Dis-Chem Pharmacies Ltd
- Distell Group Holdings Ltd
- Equites Property Fund Ltd
- FirstRand Ltd
- Fortress REIT Ltd
- Investec plc
- Mediclinic International plc
- Momentum Metropolitan Holdings Ltd
- Motus Holdings Ltd
- Naspers Ltd
- Old Mutual Ltd
- PSG Konsult Ltd
- Quilter plc
- Rand Merchant Investment Holdings Ltd
- Resilient REIT Ltd
- RMB Holdings Ltd
- Sanlam Ltd
- Santam Ltd
- Sirius Real Estate Ltd
- The SPAR Group Ltd
- Tiger Brands Ltd
- Tsogo Sun Gaming Ltd
- Vivo Energy plc
- Vukile Property Fund Ltd
Progress needed category
- AECI Ltd
- Allied Electronics Corporation Ltd
- Anheuser-Busch InBev
- Assore Ltd
- AVI Ltd
- Capitec Bank Holdings Ltd
- Compagnie Financiere Richmont SA
- Globe Trade Centre SA
- Italtile Ltd
- KAP Industrial Holdings Ltd
- Â MultiChoice Group Ltd
- NEPI Rockcastle plc
- Pepkor Holdings Ltd
- Pioneer Foods Group Ltd
- PSG Group Ltd
- Reinet Investments SCA
- South32 Ltd
- Super Group Ltd
- The Bidvest Group Ltd
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