Award judges identify weak areas in sustainability reports

The European Sustainability Awards 2002 named best sustainability, environmental, first-time and SME reports. The judges called for more quantifiable performance indicators, improved stakeholder involvement and better balance of the three sustainability elements.

The Co-operative Bank plc (UK) was recognised with the "Best
sustainability report 2002" award by the panel of judges at the
European Sustainability Reporting Awards hosted by Dutch
accountancy association Nivra. 16 European countries participated
in the scheme submitting 38 reports. Awards were also granted in
the best environmental, first-time and SME report categories.

The judges identified a number of areas in which
improvement is necessary in environmental and sustainability
reports, such as

  • more quantifiable performance indicators to improve
    credibility;
  • enhanced stakeholder involvement throughout the reporting
    process;
  • better balance of the three sustainability elements as
    information on human rights and economic issues was found to be
    generally less detailed;
  • the large variety in verification statements (see also
    ).

 

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