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BEST CORPORATE & SUSTAINABILITY REPORT AWARDS 2020 LIST OF WINNERS OF BEST CORPORATE & SUSTAINABILITY REPORT 2020 AWARDS The Joint Evaluation Committee of the Institute of Chartered Accountants of Pakistan (ICAP) and the Institute of Cost and Management Accountants of Pakistan (ICMA Pakistan) is pleased to announce the winners of the Best Corporate and Sustainability Report (BCSR) 2020 Awards. OVERALL TOP POSITIONS 1st MCB Bank Limited 2nd Fauji Fertilizer Company Limited 3rd Engro Polymer and Chemicals Limited Following companies secured positions / certificate of merit under respective sector of the BCSR 2020 Awards. SECTOR WISE POSITIONS Sector Name 2020 Rank Company Sector Name 2020 Rank Company 1st MCB Bank Limited 1st Adamjee Insurance Company Limited 2nd Bank Alfalah Limited 2nd Salaam Takaful Limited 3rd Meezan Bank 3rd Jubilee General Insurance Limited 4th Allied Bank Limited Banks 4th TPL Insurance Limited Merit National Bank of Pakistan Insurance Merit JS Bank Limited Merit EFU General Insurance Ltd Merit Faysal Bank Limited Merit Jubilee Life Insurance Limited Merit Sonneri Bank Limited Merit EFU Life Assurance Merit The Bank of Punjab Merit Atlas Insurance Limited Cherat Cement Company Limited 1st First Habib Modaraba Joint 1st Lucky Cement Limited NBFIs and Merit JS Investments Limited Cement 2nd Maple Leaf Cement Factory Limited Modaraba Merit JS Global Capital Limited 3rd Power Cement Limited Merit Orix Modaraba Merit D.G. Khan Cement Company Limited Sugar 1st Mirpurkhas Sugar Mills Limited 1st Fauji Fertilizer Company Limited Industry 2nd Engro Polymer and Chemicals Limited 1st Sadaqat Limited Chemical & 3rd Engro Fertilizers Limited 2nd Gadoon Textile Mills Limited Fertilizer 4th ICI Pakistan Limited Merit Lotte Chemical Pakistan Limited 3rd Kohinoor Textile Mills Limited Merit Archroma Pakistan Limited 4th Feroze1888 Mills Limited 5th Interloop Limited Textile 1st Pak Elektron Limited Merit Gul Ahmed Textile Mills Limited Al Ghazi Tractors Limited Joint 2nd Merit Tata Textile Mills Limited Aisha Steel Mills Limited Merit Salfi Textile Mills Ltd 3rd Atlas Honda Limited Merit Island Textile Mills Ltd Joint 4th Atlas Battery Limited International Industries Limited Merit Reliance Weaving Mills Limited Engineering Merit Mughal Iron & Steel Industries Limited 1st Mari Petroleum Company Limited & Autos Merit Pakistan Cables Limited Merit Crescent Steel & Allied Products Limited 2nd Pakistan State Oil Company Limited Merit Synthetic Products Enterprises Limited 3rd Hi-Tech Lubricant Limited Merit Toyota Indus Motor Company Ltd 4th Attock Petroleum Limited Merit International Steels Limited Merit Pakistan Oilfields Limited Fuel & Merit Thal Limited Merit Engro Powergen Qadirpur Limited Energy Merit Millat Tractors Limited Merit Pakistan Petroleum Limited Merit The Hub Power Company Limited 1st GSK Consumer Healthcare Pakistan Limited Pharmaceu- 2nd AGP Limited Merit K-Electric Limited ticals 3rd GSK Pakistan Limited Merit Attock Refinery Limited 4th Abbott Laboratories (Pakistan) Limited Merit Oil & Gas Development Company Limited 1st Memon Medical Institute & Hospital 1st ICI Pakistan Limited 2nd The Citizens Foundation 2nd Fauji Fertilizer Company Limited NPOs 3rd Childlife Foundation 3rd Atlas Honda Limited Merit Shahid Afridi Foundation BSR 4th Sadaqat Ltd Awards Security Papers Limited 2020 Joint 5th 1st Cherat Packaging Limited Toyota Indus Motor Company Limited 2nd Tri-pack Films Limited Merit Interloop Limited Others 3rd Security Papers Limited Merit Attock Refinery Limited 4th Pakistan Tobacco Company Limited Merit International Industries Limited Merit Cyan Limited FMCG Merit National Foods Limited www.icap.org.pk www.icmap.com.pk Business Recorder, Karachi SPECIAL REPORT Friday, August 27, 2021 I MCB BANK Overall Top 3 Positions LIMITED FAUJI FERTILIZER COMPANY LIMITED Best Corporate Reports ENGRO POLYMER Complete Result on Page II AND CHEMICALS LIMITED 2020 Awards 1 2 3 Shaukat Fayyaz Zia-Ul-Mustafa Iftikhar Taj Ather Saleem Abdul Rahim Suriya Ahmed Tarin FCMA FCA FCMA FCA, FCMA President, Institute of Cost & President, Institute of Chairman, Joint Committee of Chairman, Federal Minister for Finance Management Accountants of Chartered Accountants of ICAP & ICMA Pakistan Evaluation Committee and Revenue, Islamic Republic Pakistan (ICMA Pakistan) Pakistan (ICAP) of Pakistan I am pleased to know that the Institute of It is with great pleasure that the country's Effective reporting is vital in supporting ICMA Pakistan and CA Pakistan recognize their Organization can demonstrate accountabil- Chartered Accountants of Pakistan and the two leading professional accounting bodies, accountability and transparency. Excellent social responsibilities to the public in general ity and stewardship of reporting entity to Institute of Cost and Management Accountants ICMA Pakistan and ICA Pakistan, will hold a reporting does not necessarily mean provid- and to investors in particular, and they serve stakeholders through publishing transpar- of Pakistan have kept the tradition of giving Best ceremony on August 27, 2021 to honour the ing more information, but ensuring that the as a bridge between the two. As a result, both ent annual report. Corporate & Sustainability Report Awards. These listed companies with the Best Corporate key insights and issues are communicated organizations will organize a ceremony this • The Institute of Chartered Accountants of awards are greatly valued and encourage and Sustainability Report Awards-2020, clearly, in a way that is accessible, balanced year, as they have for the past 20 years, to Pakistan (ICAP) and Institute of Cost and companies to disclose maximum information continuing a tradition both professional and transparent. present awards to companies whose Management Accountants of Pakistan in a timely and organized manner. accounting bodies are aware of their respon- In a dynamic and complex global financials are determined to be the most (ICMAP) are organizing Best Corporate Report A significant part of Government’s sibilities. economy, organizations are facing a critical detailed and compatible with various local and Awards for last 20 years and Sustainability With each passing day, the shift in investor expectations with more Report Awards for last 10 years. This competi- reform agenda is targeted at improving the changing global landscape with specific demand for an integrated, holistic approach global standards. tion has developed a healthy competition quality of information disclosed in companies’ reference to good governance, transparency, to performance and value creation and this In order to achieve commercial and brought tremendous improvement in the annual reports as well as enhancing the quality and adherence to numerous norms and in turn is shaping the corporate reporting success, listed firms must offer information annual reports of the listed companies, of the auditing process. These efforts will legislation centred on these two criteria gains landscape. Strong corporate reporting in annual reports that is of high quality and Public Sector Companies and NPOs. contribute in fostering investor’s confidence traction. As a result, the conferral of these inspires trust, enhances accountability and transparent. Investors and other stakeholders • Annual reports are adjudged in accordance and will provide stimulus for further develop- prizes is not only a source of pride for the helps protect the public interest. are influenced by the quality of information with the published evaluation Criteria through ment of the capital markets and the corporate participating companies, but also proof of The Institute of Chartered offered in annual reports. Furthermore, for an a transparent evaluation process. The Criteria sector. In order to ensure concerted efforts by their compliance with local rules and interna- Accountants of Pakistan (ICAP) is committed efficient capital market to function, accurate, aims to promote a cohesive approach to all concerned, the Government is extending tional accounting standards. to promoting transparency and accountabil- comprehensive, and timely information must corporate reporting that will improve the cooperation to ICAP and ICMA to ensure The large number of participans ity in Pakistan’s corporate sector. With due be disclosed. quality of financial and governance informa- transparency in reporting as well as oversight in the awards race year after year has adherence to professional ethics, profession- I wish both of these accounting tion available to the capital providers and of the accountancy and auditing professions. prompted the promotion of a responsible alism and discipline, the profession has bodies success in their efforts to promote a other stakeholders. It helps in elevating the I congratulate both the accountancy bodies on reporting culture and the adoption of interna- brought about a marked improvement in the culture of good governance and conformity level of accountability and stewardship of their achievements. tional best practices in standard reporting. quality of reporting and corporate govern- to local and international regulators' standards reporting organizations and enable effective It is worth emphasizing that the most ance in Pakistan. decision making and increases level of trust Continued on Page II Continued on Page II Continued on Page II Continued on Page II Business Recorder, Karachi II Friday, August 27, 2021 Sector-wise positions of Best Corporate Report 2020 Awards BANKS CEMENT CHEMICAL & FERTILIZER 1st MCB Bank
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