Nedbank Group named overall winner on the night
The objective of the CSSA/JSE Integrated Reporting Awards — now in their 63rd year — is to encourage innovation and excellence in integrated reporting in Southern Africa. The awards are open to any organisation producing an integrated report. Organisations can enter their latest integrated report in one of nine categories.
The 2019 Integrated Reporting Awards were announced at a gala dinner in Johannesburg recently.
● In the Top 40 category, Exxaro Resources took the top spot with Woolworths Holdings winning a merit award.
● The Mid Cap category was won by Netcare, with Truworths International winning the merit award.
● In the Small Cap category, Royal Bafokeng Platinum took top honours, while ArcelorMittal South Africa received the merit award.
● Sasfin Holdings took the top spot in the Fledgling/AltX category, with York Timber Holdings winning the merit award.
● In the State-owned Company category, the winner was Development Bank of South Africa while Sasria SOC received the merit award.
● The Public Sector category was won by the Competition Tribunal of South Africa with Legal Aid SA receiving the merit award.
● In the Unlisted category, Fidelity Services Group took top honours while Ubank received the merit award.
● The NGO category was once again won by the National Sea Rescue Institute, while the Minerals Council South Africa received a merit award.
● No winner was announced in the Regional Category. The Royal Swaziland Sugar Corporation received the merit award in this category.
● The biggest kudos, however, are reserved for this year’s overall winner: Nedbank Group. This accolade acknowledges Nedbank’s strong adherence to the guiding principles of the international Integrated Reporting Framework, the high quality of standards in its corporate reporting, excellence in disclosing how it delivers value to stakeholders and is a reflection of integrated thinking and decision making that permeates board and executive decisions, says Nedbank chief financial officer Raisibe Morathi.
For Nedbank, reporting and communicating to shareholders, he says, is about more than just complying with financial and regulatory requirements but embraces what the bank does, how it makes decisions and how it tells its value creation story.
The bank’s integrated report is compiled by a multifunctional team of contributors which includes investor relations, group finance, sustainability, human resources, company secretariat, risk, IT, compliance and client-facing businesses.
“Integrated thinking allows us to produce a quality integrated report where the whole is greater than the sum of its parts,” reveals Morathi. “Each year we challenge ourselves to innovate and improve in the interests of transparency and good corporate governance.”
Nedbank was one of the first companies to produce an integrated report video. The bank believes technology will start to play a bigger role in integrated reporting and that can be done as investors engage more through digital channels.