Page 7 - Sustainability Reports 2021

AWARDS FOR BEST BELGIAN SUSTAINABILITY REPORTS Edition 2022
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NOMINEES BY THE JURY
FOR THE “BEST IMPACT SUSTAINABILITY REPORT AWARDS” TO BE SELECTED BY THE PUBLIC ON 29 NOVEMBER 2022
The Jury has selected two large organisations and two other organisations to take part in the competition for the Award for “Best impact Sustainability Report”. The public will vote on Tuesday 29 November 2022 to select the two winners.
In the category “Large organisations”
Vandemoortele
The Jury appreciated this very well structured and pleasant to read report, with a good layout, clear figures. It provided a very clear matrix as well as clear links with targets. The balanced approach with positive contributions and difficulties improves the credibility of the report. The sustainability strategy was presented to stakeholders for external evaluation.
The Jury encourages Vandemoortele to clarify the links with the SDGs (materiality), the key responsibilities and functions and to allow navigation to external information and to other pages in the report. The sustainability strategy could be more integrated in general sustainability, integrated report. The stakeholders engagement could be more detailed. The Jury regrets that the report has not been verified by an external third party.
Umicore
In the category “Other organisations”
This category gathers different types of organisations that can be difficult to evaluate together as they pursue different objec- tives. However the following organisations have distinguished themselves from the others:
Oxfam Fair Trade
As already partly mentioned, the Jury appreciated this very clear and honest report, covering key issues and analysing negative aspects of the performance. The Jury welcomed the mention of the Bcorp score and the materiality of not only SDGs but also of accompanying actions in this report. The Jury enjoyed the very good explanation of the material topics and stakeholder analysis. The report provides a good overview of the supply chain and clear links with the SDGs.
The Jury encourages Oxfam Fair Trade to clarify the link between the materiality index and the SDGs, and to be more explicit on the identification of stakeholders and their priorities, especially regarding cooperatives in the South, European processors, suppliers and other European partners. The Jury regrets the lack of some precisions on targets and external verification.
De Winning
As already mentioned, the Jury appreciated this report for its creative layout which reflects De Winning’s sustainability strategy. Negative aspects are also discussed in an honest way which leads to a truthful and honest communication. The report is easy to read and not too long. It succeeds in making the sustainability story clear. The Jury valued that De Winning managed in its report to give the readers the feeling that they know the company even though its industry is not well known. It is a report that reads very smoothly and manages to convey the sustainability story clearly (in a few pages) but with ‘tailored’ original visuals. The Jury also welcomed the links with the SDGs which are well explained and the fact that there is a lot of (visual) focus on the SDGs.
The Jury encourages De Winning to extend the description of risks and risk management, to integrate forward looking perspec- tives/targets and to improve the structure of its report in terms of ESG reporting. The Jury recommends to De Winning to start from core business and stakeholders context, followed by the materiality matrix and on this basis making the link to to the various categories per E/S/G. Also, the use of comparative tables would make the report much clearer. The Jury regrets that the report has not been subjected to an external verification.
The Jury wants to congratulate De Winning & Oxfam Fair Trade for their exemplary roles in terms of sustainability reporting.
The Jury wishes them good luck for the competition: may the best win!
Integrated
Annual Report 2021
The Jury appreciated this very mature, balanced, transparent and clear report. The Jury welcomed
— the good links between the strategy and the overall sustaina-
bility strategy as well as how strategy is linked to SDGs;
— the double materiality perspective;
— the good description on how the stakeholders were included
in the material topics definition, and how they were identified;
— the clear KPI’s, comparable over time and clearly disclosed in
separate statements;
— the limited assurance on some KPIs;
— the indication of what is going good, but also where targets
are not met or when difficulties remain (e.g. accidents at work...). The report assesses each material topic as to whether they are risk or opportunity driven.
The Jury encourages Umicore to better highlight the most impor- tant aspects/topics or to improve the focus so that the report is easier to read. Umicore could also clarify how the link between material topics and the topics disclosed afterwards in the report is made. The involvement of the stakeholders beside the materi- ality matrix could be clarified. A summary in a visually attractive format would be a nice to have.
The Jury wants to congratulate Umicore and Vandemoortele for their exemplary roles in terms of sustainability reporting and wishes them good luck for the competition: may the best win!
Goed nieuws uit Congo! - Foto: Tim Dirven voor Oxfam Fairtrade 1
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