Sustainability is a critical issue that demands our full attention, as it has the potential to significantly impact the future of our nation and its people. This imperative extends to the business world, where sustainability has become essential for survival. Recognising that corporate reporting now encompasses more than just financial disclosures, PwC has launched the second edition of its Sustainability Awards.
This initiative, which builds upon the well-established Corporate Reporting Awards introduced in 1998, serves as PwC's flagship program to promote sustainability practices within organisations. By highlighting and rewarding outstanding sustainability efforts, these awards aim to drive positive change and encourage businesses to prioritise sustainable practices for the benefit of our society and environment.
It’s time to step forward!
Are you ready?
Make your submission to participate (Deadline 16 August 2024)
This year’s edition like last year will be targeted at the following seven industries:
The Sustainability Awards are designed with industry-specific categories to allow for more focus and relevant comparisons within each sector. For conglomerates operating across multiple industries, we encourage the nomination of individual subsidiaries in their respective industry categories.
This enables these larger entities to showcase how specific parts of their business are implementing impactful initiatives and reporting as part of their broader sustainability agenda. By structuring the Awards in this way, we aim to highlight best practices within each industry and drive meaningful progress in sustainability efforts across diverse sectors of our economy.
Deadline: Friday 16 August 2024
Entries will be evaluated by an independent panel of judges, applying criteria derived from internationally recognised sustainability frameworks. These include, but not limited to, Global Reporting Initiative (GRI), Task Force on Climate-related Financial Disclosures (TCFD), Taskforce on Nature-related Financial Disclosures (TNFD) and International Sustainability Standards Board (ISSB).
The assessment will be based on both quantitative and qualitative KPIs, under four sustainability criteria as follows:
The quality of the company's Sustainability report is a critical criterion. Judges will assess the clarity and completeness of the report, the level of disclosures and the accuracy of the data provided.
By integrating sustainability considerations into their overall business strategy and decision-making process, companies report not just on sustainability performance but also demonstrate that they are committed to sustainability and are actively working to improve their performance.
Sustainability efforts that fail to have meaningful and measurable impacts can be tantamount to mere PR tactics at best and greenwashing at worst. Thus, rewarding companies based on their impact on the economy, society, and the environment becomes critical to lend credibility.
The complexity of sustainability issues implies that companies need to be at the forefront of innovation and to fully leverage on technology to deliver on sustainability goals. The extent to which the company is innovative in its approach to sustainability reporting will also be considered. This can include using new technologies to collect and analyse data or implementing unique initiatives that address specific Sustainability issues.
Independent Director and Governance consultant
Head of ACCA Mauritius and New Markets
Head of Faculty of Accounting, Finance and Law at Curtin Mauritius
Conservation Director and Assistant Treasurer of the Mauritian Wildlife Foundation
To participate, organisations need to send in their written submissions under the four Sustainability criteria in one PDF attachment.
Risk Assurance Services Partner and Sustainability Leader, PwC Mauritius
Tel: +230 404 5210
