Sunday, 18 December 2022

NATIONAL ANNUAL CORPORATE REPORT AWARDS (NACRA) 2022 ANNOUNCES WINNERS, EMPHASISES SUSTAINABILITY

KUALA LUMPUR, Dec 15 (Bernama) -- A total of 27 winners in different categories were announced out of a field of 52 participating organisations (see appendix for full list of winners) at the 2022 National Annual Corporate Report Awards (NACRA) jointly organised by Bursa Malaysia Berhad (Bursa), Malaysian Institute of Accountants (MIA) and The Malaysian Institute of Certified Public Accountants (MICPA).

Now in its 32nd year, NACRA 2022 continues to enable further excellence and improvement in corporate reporting in Malaysia. Reflecting the key developments in the global reporting landscape, the NACRA assessment criteria is evolving to emphasise on both financial and non-financial information disclosures. This encompasses:

· the compliance aspect of statements such as the financial statements
· the relevant corporate reporting under Bursa Malaysia listing requirements, and
· the quality of non-financial information such as sustainability in the annual report.

In his congratulatory message delivered at the virtual awards ceremony, Tan Sri Abdul Wahid Omar, Chairman, Bursa Malaysia stated that “Corporate reporting can help companies be both excellent and accountable by pushing you to reflect on the purpose that drives you, the strategies that you frame, the decisions that you make and the value creation or dilution outcomes that ensue.”

He expects the focus on sustainability to accelerate “as the ESG agenda is both viable and highly relevant in a landscape rife with unprecedented risks” and as “ESG funds remained a top choice for investors and ESG investments continue to outperform globally.” 

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