Thursday, April 26, 2007

VanCity and MEC Honoured for Social Reporting

Kudos to both VanCity and MEC for being recognised in the sixth annual Ceres-Association of Chartered Certified Accountants (ACCA) Sustainability Reporting Awards. The Ceres-ACCA awards recognize and encourage exemplary reporting on sustainability issues by corporations and other organizations across the United States, Canada, and Mexico.

It's a laudable accomplishment in a rapidly congested field.

Of the 102 nominees, winners were selected by a panel of 14 judges who focused on the reports' completeness, credibility and effectiveness of communication.

Here's what was said:
Vancity Group, Vancouver, British Columbia: Vancity's winning 2004-2005 Accountability Report is an example of consolidated sustainability reporting, combining Vancity and Citizens Bank's sustainability reports into one. The report sets future targets and action plans and holds a member of Vancity's executive team accountable for each target. The report also provides an update on 44 targets and action plans set in 2004-2005.

For advice in preparing its report, Vancity invited 26 community leaders and members from across Canada to comment on the report's credibility, completeness, and responsiveness. Vancity also worked with stakeholders to set aggressive targets, invited external auditors to check how the organization is doing against these targets, report back the results - both good and bad, and verify that the report was prepared in accordance with the Global Reporting Initiative.

Mountain Equipment Co-op, Vancouver, British Columbia: Mountain Equipment Co-op's inaugural Accountability Report has helped the co-operative develop a reporting system and the capacity to measure and understand its performance. The report conveys the co-operative's commitment to transparency through full disclosure of non-compliance in its supply chain and of the material issues affecting the co-operative. The report also included the results of a series of employee engagement surveys and discusses employee satisfaction, turnover rates, and fair compensation.

As soon as the report on the judges is available, it'll be added to this post.

--------------------- Tags for information about: for:vsef, CSR, VanCity, MEC


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