For more than four decades in over 90 countries around the world, WWF has worked for conversation of nature and ecological processes, through the concept of sustainable development. WWF defines this as a series of processes which are economical viable, socially acceptable and environmentally sound: development that does not integrate all three is simply not sustainable.
This involves change in business practices and lifestyles, as well as the adoption of environmental and social standards to stay within the limits of available resources, Political will and appropriate incentives to the private sector are required to convert the ideas into action.
ACCA-WWF JUDGING CRITERIA
THE JUDGING PANEL ASSESSED THE ENTRIES BASED ON 3 KEY CRITERIA:
-- Completeness, Credibility and Communication
-- Examples of these criteria indicators are:
COMPLETENESS 40%
-- Corporate context
-- Key (direct and indirect) environmental/social impacts
-- Management commitment including environmental/ social vision, strategy and related policies
-- Environment/social targets and objectives
-- Product or service stewardship
-- Supplier procurement policies and issues
-- Scope of the report
-- Report audience
-- Linkages between environment/social reporting and sustainability issues
CREDIBILITY 35%
-- Headline achievements
-- Governance structure
-- Contact person in charge
-- Management systems
-- Contingency plans and risk management
-- Internal audit processes
-- Compliance/non compliance record
-- Environmental/social performance
-- Conventional finance related data eg investment
-- Environmental/social financial
-- Statements and full cost accounting
-- Application of guidance or standards
-- Stakeholders engagement
-- Use of stakeholder feedback
-- Third party verifications statements
COMMUNICATION 25%
-- Layout and presentation
-- Understandability, readability, accessibility and appropriate length.
FREQUENCY:
-- Innovative approaches
-- Availability of a summary report and/or executive summary
-- Comprehensive navigation through reporting
-- Use of internet
-- Appropriateness of graphs, illustrations and photos
-- Reference to web site and other reports and how reports and how reports relate to each other
-- Integration with financial statements
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