EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
Recent Searches
Press release
06 Sep 2024
|
Johannesburg, ZA
EY announces winners of Excellence in Integrated Reporting Awards 2024; Nedbank comes out top for 3rd year running
Johannesburg, 6 September 2024: EY today announced the top ranked companies in the 2024 Excellence in Integrated Reporting (EIR) Awards.
The awards benchmark standards of excellence in the quality of integrated reporting published by listed South African companies for their investors and stakeholders. The top 100 JSE-listed companies, based on market capitalisation as of 31 December 2023, were included for consideration. Pure holding companies were excluded. In line with a growing global focus on sustainability reporting, and new standards being published in this arena, this year’s EY EIR Awards included some insights on sustainability reporting.
Larissa Clark, Corporate Reporting Leader, EY Africa, said: “The purpose of the survey is to encourage and benchmark the quality of integrated reports published by listed companies in South Africa. The aim is to continuously improve the quality of the reports to meet the increasing demands of shareholders for decision-useful information.”
Clark said that over the years it has become clear that financial statements on their own do not tell the whole story of a company’s performance.
“The integrated report provides the ideal platform to tell the whole story and to make these important links. Once again, in this year’s Excellence in Integrated Reporting Awards we celebrate the achievements of South African reporters who make these connections and tell their longterm value creation story particularly well.”
Top rankings
Nedbank Group Ltd achieved the top ranking in the EY EIR 2024 awards, for the third year running. Redefine Properties Ltd ranked second, as it did in 2022 and 2023. Absa Group took third place this year.
“It is our great pleasure to congratulate Nedbank for achieving first place,” says Clark. “The adjudicators felt Nedbank’s report has a clear emphasis on value creation and strategy. It is well laid out, easy to read and good use is made of infographics to summarise complex information in a way that is easily understandable. We also congratulate Redefine Properties and Absa Group Limited, and all of the entities included in the top 10.”
The top 10 rankings in order are:
- Nedbank Group Ltd
- Redefine Properties Ltd
- Absa Group Ltd
- Vodacom Group Ltd
- Kumba Iron Ore Ltd
- Netcare Ltd
- Truworths International Ltd
- Anglo American Platinum Ltd
- Woolworths Holdings Ltd
- Harmony Gold Mining Ltd
Stephen Ntsoane, Assurance Leader, EY Africa, said: “With the growing recognition of Environmental, Social, and Governance (ESG) factors, companies must redefine and measure their value creation, integrating sustainability into their strategies. Businesses must align their reporting with shareholder and stakeholder expectations, showing the ESG impact of their operations”
Fourteen other companies achieved an ‘Excellent’ rating:
- Aspen Pharmacare Holdings Ltd
- DRDGOLD Ltd
- Exxaro Resources Ltd
- Impala Platinum Holdings Ltd
- Life Healthcare Group Holdings Ltd
- Momentum Metropolitan Holdings Ltd
- MTN Group Ltd
- MultiChoice Group Ltd
- Oceana Group Ltd
- Pick n Pay Stores Ltd
- Sappi Ltd
- Sasol Ltd
- Standard Bank Group Ltd
- Telkom SA SOC Ltd
Download report here: Excellence in Integrated Reporting (ey.com)
About EY
EY is a global leader in assurance, tax, strategy and transactions and consulting services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.
EY refers to the global organisation, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data
For more information about our organisation, please visit ey.com.
This news release has been issued by Ernst & Young Services (Pty) Ltd, a member of the global EY organisation that also does not provide any services to clients.
