EY has announced Kumba Iron Ore Ltd as the overall winner in its fifth annual Excellence in Integrated Reporting Awards for 2016. The scope of the awards included the top 100 JSE-listed companies based on market capitalisation at 31 December 2015, and top state-owned entities, which were adjudicated by the College of Accounting at the University of Cape Town. Larissa Clark (pictured), Director Professional Practice Group of Accounting at EY, said:
"The purpose of the survey is aimed at encouraging excellence in the quality of integrated reporting to investors and other stakeholders by South Africa's top companies and state-owned entities. In South Africa, we have seen an evolution in integrated reporting over the past five years. From the first integrated reports in 2011, where many companies simply combined their annual financial statements with their sustainability reports, to high quality innovative integrated reports, some are now approaching an ideal report."
The top ten companies are as follows:
- Kumba Iron Ore Ltd
- Oceana Group Ltd
- Liberty Holdings Ltd
- Sasol Ltd
- Redefine Properties Ltd
- Truworths International Ltd
- Vodacom Group Ltd
- Nedbank Group Ltd
- Anglo American plc
- Barclays Africa Group Ltd
Clark concluded:
"There is still a great scope for improvement in the integrated reporting journey, especially as King IV is set to emerge later this year. The question will now focus on how boards move to connect integrated thinking and reporting to implement the new code."
