KUCHING: Cahya Mata Sarawak (CMS) recently received silver for their distinguished achievement in Sustainability Reporting and bronze for Annual Reporting at the 2019 Annual Australasian Reporting Awards (ARA) held in Melbourne, Australia, the company said.
These reports were benchmarked against ARA criteria which are based on world best practice.
Speaking about the awards, Datuk Isaac Lugun, group chief executive officer-corporate said, “We are delighted to know that the quality of both our sustainability and annual reports stand on par with world best practice.”
“We take great pride in our Annual and Sustainability Reports as we believe it is one of the best ways to communicate with our stakeholders. The reports demonstrate our commitment to good governance, transparency, compliance and ethics. Recognitions like this are what makes CMS an admired company.”
The ARA was first founded in the 1950s by a group of business leaders who were keen to establish awards for excellence in preparing annual reports, constantly improving the standards of financial reporting and communicating with stakeholders, CMS added.
These awards are now known as the ARA and the recipient criteria entail an open willing attitude, attention to detail and accuracy, a sensitivity and responsiveness to stakeholders, a willingness to put in the effort to communicate effectively and a commitment to achieving and improving upon standards.
These awards are in addition to other similar recognitions achieved by CMS in Malaysia.
CMS is the only Sarawak public-listed company and one out of 56 companies in Malaysia to be made a constituent of the FTSE4Good Bursa Malaysia Index, a testament to its strong sustainability practice.
For its good track record of corporate disclosure, the Group has also qualified for Bursa Malaysia’s Green Lane Policy.
