13 firms win awards for sustainable practices

Mr Andrew Buay (at left), vice- president of group corporate social responsibility at Singtel, receiving the stakeholder engagement and materiality award from Mr Tony Gourlay, chief executive of Global Initiatives.
Mr Andrew Buay (at left), vice- president of group corporate social responsibility at Singtel, receiving the stakeholder engagement and materiality award from Mr Tony Gourlay, chief executive of Global Initiatives.PHOTO: GLOBAL INITIATIVES

Their efforts benefit not only them but also the environment and stakeholders

Accolades and honours were conferred on a range of firms that have excelled at employing sustainable practices and promoting environmental awareness.

The 13 winners named at the Sustainable Business Awards ceremony held at Marina Bay Sands last night were singled out for their efforts in what is an increasingly important part of the corporate world.

The 40 initial entrants were judged on the sustainability of their business practices in benefitting, not only the firm itself, but also the environment and its stakeholders, today and into the future.

They were also assessed on their efforts to improve the well-being of their staff, those employed in their supply chains and people in their local communities.

Royal DSM, a life sciences and materials sciences company, emerged as the overall winner. It also won two awards under the supply chain management and climate change categories.

  • WINNERS

  • STRATEGY AND SUSTAINABILITY MANAGEMENT: Keppel Corp Limited

    BUSINESS RESPONSIBILITY AND ETHICS: Ricoh Asia Pacific

    WORKFORCE: Ikea Singapore

    SUSTAINABILITY IN THE COMMUNITY: Olam

    SUPPLY CHAIN MANAGEMENT: DSM

    STAKEHOLDER ENGAGEMENT AND MATERIALITY: Singtel

    ENERGY MANAGEMENT: DHL

    WATER MANAGEMENT: Kimberley Clark Asia Pacific

    WASTE MANAGEMENT AND MATERIALS PRODUCTIVITY: Fuji Xerox Asia Pacific

    CLIMATE CHANGE: DSM

    LAND USE, BIODIVERSITY AND ENVIRONMENT: CDL

    SPECIAL RECOGNITION: Asia Pacific Breweries

    OVERALL WINNER: DSM

DSM executive vice-president Roelof Westerbeek said in a statement: "Business leaders, like DSM, have to take a larger responsibility to address the challenges of climate change.

"Disruptive technologies, disruptive business models, and the move towards full inclusion of environmental and social impacts into business decisions, will be imperative to leave a more sustainable world for the next generations. There are tremendous value creation opportunities for those companies who do this right."

Telco Singtel took top honours in the stakeholder engagement and materiality category, which looks at how well companies monitor stakeholder perceptions and how they deal with them.

Keppel Corp was awarded the strategy and sustainability management award. Ikea Singapore topped the workforce category that was assessed on the measures a firm takes to boost staff morale and skills.

Fuji Xerox Asia Pacific was highlighted for its innovative efforts in waste management and materials productivity.

The personal products giant Kimberly-Clark was praised for its efforts in water reduction and for investing significantly to support the water needs of the communities in which the firm operates.

Organised by Global Initiatives, this year's awards saw almost double the number of entrants this year over last year.

The assessment process for these national and multinational companies from a diverse range of sectors involved having to complete a comprehensive sustainability assessment form online, followed by interviews with global consulting firm PwC.

An expert advisory panel then reviewed the results of a questionnaire and interview process and decided on the winners.

Correction: In an earlier version of this story, it was stated that Keppel Land won the strategy and sustainability management award. The winner should be Keppel Corporation. The error was based on a press release.  

A version of this article appeared in the print edition of The Straits Times on November 04, 2015, with the headline '13 firms win awards for sustainable practices'. Print Edition | Subscribe