ACCA presents its first Sustainability Reporting Awards to winners in Hong Kong

Source: ACCA, 1 June 2004

ACCA (the Association of Chartered Certified Accountants) Hong Kong hosted the ACCA HK Awards for Sustainability Reporting in Island Shangri-La Hotel today. MTR Corporation Limited , Hong Kong and China Gas Company Limited , Architectural Services Department and Hong Kong Housing Authority were among the chosen winners.
Speaking at the award presentation ceremony as the Guest of Honour, Ms Christine Fang, Chief Executive of the Hong Kong Council of Social Service said, "Many companies find that traditional financial reporting no longer satisfies the needs of shareholders, customers and communities for information about overall organisational performance. Environmental, social and sustainability reporting, which is a process for publicly disclosing an organisation’s economic, environmental, and social performance, fills this gap. I believe that through the joint efforts of organizations like ACCA Hong Kong, the business sector, the Government and our Council of Social Service, we could better fulfill our responsibility of global citizenship and build a better Hong Kong for all of us."

"The accounting profession has an important role to play in sustainable development. It is the accountant’s involvement in the twin issues of organisational decision making and external reporting that imposes on the accounting profession the responsibility for understanding, absorbing and articulating the implications of sustainable development issues. ACCA wishes to identify and reward innovative attempts to communicate organisational performance in environmental or sustainability reporting through the Awards," said Leo Lee, President of ACCA Hong Kong.

Notes to Editors

ACCA Awards Scheme embraces two award categories: environmental reporting and sustainability reporting. Award winners are as follows:

Sustainability reporting category:

Best Sustainability Report
MTR Corporation Limited
Sustainability Report 2002

Comments from the judging panel: MTR Corporation Limited’s report registered benchmarks against the GRI Guidelines, enhancing its credibility. Moreover, it gave a clear presentation of its targets, achievements, challenges and demonstration of comparative analysis and risk identification.

Architectural Services Department
Environmental/Health/Safety Report 2003

Environmental reporting category:

Best Environmental Report
Hong Kong and China Gas Company Limited
Health, Safety and Environmental Report 2002

Comments from the judging panel: Hong Kong and China Gas Company Limited’s report was easy to follow and understand with excellent presentation of corporate context. Furthermore, it had a good balance of report content between health, safety and the environment.

Hong Kong Housing Authority
Environmental Report 2002/2003