Our work with the Energy Development Corporation (EDC) has won a Bronze in Asia’s Best Carbon Disclosure at the 5th Asia Sustainability Reporting Awards (ASRA), the most prestigious awards for reporting. EDC’s award-winning report demonstrates the organization’s leadership in sustainability reporting and its commitment to creating long-term value for stakeholders.
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.
In a live broadcast from Singapore last April 29, 2020, more than 200 senior business leaders and sustainability professionals from 15 countries attended the exclusive awards ceremony hosted virtually due to the COVID-19 pandemic. Attendees also included dignitaries from academia, embassies, trade associations and advocacy organizations.
The Swedish Ambassador H.E. Niclas Kvarnström, the Swedish Ambassador, Singapore was the Guest of Honour at the awards ceremony hosted virtually this year due to COVID-19 pandemic.
In his keynote address, Ambassador Kvarnström said, “The current times highlight the importance of transparency for solving global problems. Businesses that show investors and customers that they are sustainable and responsible also show that they are leaders.”
As institutional investors are getting more serious about 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 to build a sustainable business.
Rajesh Chhabara, managing director of CSRWorks International and the founder of ASRA, said: “The unprecedented global pandemic caused by COVID-19 is a stark reminder that businesses, governments and societies need to work together to build mutual resilience. Adopting responsible environmental, social, and governance practices has become ever more essential to ensure corporate sustainability.”