Suncor, Dell Computer Win Plaudits for Corporate Reporting

Suncor, Dell Computer Win Plaudits for Corporate Reporting

CERES, a group of NGOs calling themselves the Coalition for Environmentally Responsible Economies, teamed up with accounting body ACCA, the Association of Chartered Certified Accountants, to present awards for the best non-financial corporate reporters.

Suncor Energy won the award for best sustainability report, while Dell Computer won best environmental report from the two bodies.

Suncor, an energy firm known for it's committment to ethics and responsibility in the past, produces its reports in accordance with the Global Reporting Initiative guidelines.

The award judges said that the report "illustrated a broad understanding of the importance of sustainability in today's corporate environment".

The company makes most of its money extracting oil from the vast protected oil sands of northern Alberta.

Its award-winning 2003 "Report on Sustainability" runs to a hefty 88 pages.

"Getting this award affirms our commitment to open, honest and thorough communication on our progress and challenges." said Rick George, president and CEO of the company, who accepted the award in person.

The Canadian oil company has published a sustainability report every other year since 1995.

The company does not shy away from being self-critical in the award winning report. In the 'people’ section, Suncor notes “room for improvement” in health and safety, setting out its “Journey to Zero” strategy aimed at totally eliminating occupational injuries and illnesses. A young Suncor worker was killed in a workplace accident last August, just before the report was published.

The auditors of the report, PricewaterhouseCoopers, attested to an overall improvement in Suncor's 2003 report preparation process.

Dell won best environmental report, for their tome entitled "Creating a model for sustainability".

Other winners included Kinko's, who won best first time report, and Ford, who recieved a commedation for sustainability reporting.

Canadian steel firm Dofasco was also commended for "innovative reporting".
Topics: