MANILA — Ayala Corporation continues to receive recognitions for embracing best-in-class integrated reporting.
This year, Ayala received its first gold from the Asia Integrated Reporting Awards, the region’s most prestigious award-giving body for integrated reporting. Ayala’s 2021 Integrated Report “Building Businesses for the Greater Good” was awarded a Gold and a Silver in governance and large company categories, respectively.
Previously, Ayala bagged three silvers for large company, governance, and design categories. It also received Best Integrated Report (Silver) and Best Integrated Report (Highly Commended) in 2020 and 2018, respectively.
“We are grateful to AIRA for this recognition. It affirms our commitment to transparency and addressing the needs of our stakeholders, and it inspires us to further strengthen our ESG impact management and shared value creation for the greater good,” said Albert de Larrazabal, Ayala Corporation’s Chief Finance Officer, Chief Sustainability Officer, and Chief Risk Officer.
The virtual awards ceremony, which took place on March 30, began with an opening address by the H.E. Ms. Kara Owen, the British High Commissioner to Singapore. The awards were revealed by Tom Moody, Regional Director, South East Asia for Climate and Energy and Charis Yeap, Regional Lead for Green Finance at the British High Commission in Singapore, and Elaine Cohen, a well-respected sustainability reporting expert and a member of the ASRA judging panel.
“Ayala has consistently showcased exemplary leadership in integrated reporting,” said Rajesh Chhabara, founder of AIRA and Managing Director of CSWorks. He added that the company’s integrated report is a best-practice example, highlighting its application of integrated thinking and a multi-capital approach to generate long-term value for its shareholders and stakeholders.
Integrated reporting provides a comprehensive and transparent view of an organization’s governance, performance, strategy, and prospects, enabling providers of capital to make informed decisions and assessments. Integrated reporting enables companies to embed long-term sustainability into their business model and helps providers of financial capital make efficient and productive allocation of capital.
Investors use integrated reports to assess the organization’s ability to create value in the short, mid, and long term. This has led to the increasing adoption of integrated reporting by companies and market regulators worldwide, backed by investors.
AIRA awards go to integrated reports that demonstrate high-quality, value-creation reporting. The winning reports are selected based on a rigorous assessment process, where an independent judging panel determines the finalists and winners. The judging process not only evaluates the quality of the report but also conducts comprehensive due diligence that takes into account companies’ reputations among their stakeholders.