This award recognizes organisation’s that are leaders in embracing and promoting environmental and social consciousness throughout all facets of their operation from governance to employees, covering their products and services and engaging all stakeholders (customers, suppliers, investors and the wider community).
This award aims to support socially responsible investments in corporates and encourage government at the local and national level to lead by example and set the foundation for a sustainable economy and society. The award is aligned to the United Nation’s Sustainable Development Goals that sets forth to solve economic, social, and environmental challenges by 2030 and climate change imperatives to reduce net emissions of all greenhouse gases to zero by 2050.
There are two ways to apply for this award:
Standard Entry
The standard entry requires organisations to complete a 12-page entry form demonstrating how the three criteria of Environment, Social and Governance are addressed. Applications that are strong will be invited to participate in the ESG Excellence Award final and give a 20-minute presentation on their ESG approach.
Non-Standard Entry
The non-standard entry requires organisations to complete 4-page entry form and submit at least three best practices to the International Best Practice Competition on the topic of Social and Environmental Responsibility. These three best practices do not need to cover the three aspects of ESG (therefore Environmental, Social and Governance) but may all just focus on one aspect such as Environmental. If the best practices are considered strong enough the organisation can proceed directly to the ESG Excellence Award final and give a 20-minute presentation on their ESG approach.
The award criteria examines three areas:
- Environment (considering an organisation’s sustainability practices – for example energy use, waste, pollution, and/or consumption of natural resources).
- Social (considering an organisation’s relationships with employees, suppliers, customers, and the communities where it operates – for example in diversity, human rights and protecting consumers).
- Governance (considering an organisation’s ethics, management, executive pay, audits, transparency, internal controls, and shareholder democracy).
The ESG Excellence Criteria used for assessing the applications:
- Role Model, World-Class, Wow! (7 Stars, ★ ★ ★ ★ ★ ★ ★)
- Outstanding at an International Level (6 Stars, ★ ★ ★ ★ ★ ★)
- Excellence at an International Level (5 Stars, ★ ★ ★ ★ ★)
- Excellence at a Local Level (4 Stars, ★ ★ ★ ★)
- Competence (Professional) (3 Stars, ★ ★ ★)
- Progressing (Minor Deficiencies) (2 Star, ★ ★)
- Deficient (Major Deficiencies) (1 Star, ★)
Click the following links for an entry form or to review the format/timeline of the award.
