Press release

7 Sep 2022 Johannesburg, ZA

EY announces results of Excellence in Integrated Reporting Awards 2022.

Nedbank ranks top.

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Larissa Clark

EY Africa IFRS Desk Leader

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EY Africa Assurance Leader

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Johannesburg, 7 September 2022: EY has today announced the top ranked companies in the 2022 Excellence in Integrated Reporting Awards, with Nedbank ranked tops.

The awards are designed to benchmark standards of excellence in the quality of integrated reporting to investors and other stakeholders of listed South African companies. To download the Excellence in Integrated Awards 2022 Report or find out more, click here.

The top 100 JSE-listed companies, based on market capitalisation as of 31 December 2021, were included for consideration. Pure holding companies were excluded. 

Clémence McNulty, EY Africa’s Sustainability and Climate Change Leader: “With some of the convergence in standards emerging, the expectations from stakeholders for expanded information is not slowing down. Evolving reporting towards unified and consistent standards that can enable meaningful comparisons and transparency to understand performance will be critical to move forward on climate change and sustainability. In light of this changing landscape, reporters are going to have to evolve their management and reporting on sustainability.”

This year marks 11 years of EY’s integrated reporting awards and a total 25 years since its 1998 inception as ‘Excellence in Financial Reporting’. We celebrate the efforts of South African companies that have embraced reporting on enterprise value and continue to innovate how they create, deliver, and communicate value.

Top rankings  

Nedbank Group Ltd achieved top ranking in the 2022 awards, up from second place last year.

Redefine Properties Ltd ranked second and Netcare Ltd ranked third.

Mark Graham, Emeritus Associate Professor, University of Cape Town, and one of three judges, said: “Nedbank’s report is well laid out, easy to read and good use is made of infographics to summarise complex information in a way that is understandable.

The report has a discernible focus on value creation, preservation, and erosion. We particularly liked the way in which the governance disclosures are introduced early in the report. These governance disclosures link board oversight to the content elements and give a clear sense of what the board considers to be most important now and in the future.”

McNulty congratulated all the businesses who were ranked in the Top 10 for their outstanding reports. 

The full top 10 rankings in order are:

1: Nedbank Group Ltd
2: Redefine Properties Ltd
3: Netcare Ltd
4: Vodacom Group Ltd
5: Exxaro Resources Ltd
6: Kumba Iron Ore Ltd
7: Transaction Capital Ltd
8: Truworths International Ltd
9: Aspen Pharmacare Holdings Ltd
10: Impala Platinum Holdings Ltd

Larissa Clark EY Africa’s IFRS Desk Leader, said: “The international developments in the ESG reporting landscape over the last year have been unprecedented.

“Sustainability reporting is not a new concept, but the sustainability reporting landscape has been fragmented, inconsistent and reporting has mostly been done on a voluntary basis. But not anymore – sustainability reporting is receiving a huge amount of attention and consequently been placed firmly on the main agenda of listed companies across the globe.”

The following companies are named in the Excellent category (the Top 10 are included in this category):

Absa Group Ltd
Anglo American Platinum Ltd
AngloGold Ashanti Ltd
Aspen Pharmacare Holdings Ltd
Exxaro Resources Ltd
Impala Platinum Holdings Ltd
Kumba Iron Ore Ltd
MTN Group Ltd
Nedbank Group Ltd
Netcare Ltd
Pick n Pay Stores Ltd
Redefine Properties Ltd
Sappi Ltd
Sasol Ltd
Standard Bank Group Ltd
Telkom SA SOC Ltd
Transaction Capital Ltd

This year’s awards were adjudicated by Mark Graham, Emeritus Associate Professor, University of Cape Town; Alexandra Watson, Emeritus Professor, University of Cape Town, Independent non-executive director and Goolam Modack, Associate Professor, University of Cape Town. 

For more information, please contact Samantha Rech at EY Brand, Marketing and Communications  on 082 493 6335

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