In November 2012, Johnson Matthey took two awards in the annual ICSA Awards...
Over the past decade, company annual reports have been transforming themselves from dry corporate reporting into communications tools that reveal, with great candour, the performance and governance of the company. Award giving bodies have acknowledged this and single out high standards of transparency and governance in their choices.
Johnson Matthey has remained ahead of the game in reporting and since 2012 has integrated its financial and sustainability reporting into one document, showing how it measures performance not only according to profitability but also by sustainability factors. The 2012 Annual Report showed how social, environmental, health and safety and governance matters all contribute to overall performance.
The ICSA Recognises Johnson Matthey
The Institute of Chartered Secretaries and Administrators, or ICSA, is a much respected authority in the UK on corporate governance and compliance. In the 2012 ICSA Hermes Transparency in Governance Awards, the judges named Johnson Matthey winner of the award for Best Annual Report in the FTSE 100. In addition, the company received the award for Best Sustainability and Stakeholder Disclosure in the FTSE 100, a title it had also won the previous year. It beat off stiff competition from major FTSE 100 names, including GlaxoSmithKline, BAE Systems and Marks and Spencer.
The judges in both categories particularly recognised Johnson Matthey's integrated approach to reporting which provides stakeholders with a much broader picture of the company's all round performance.
Reporting is far more than a statutory duty and Johnson Matthey is using it as an opportunity to show all its stakeholders, as well as its shareholders, how sustainability and financial reporting are two linked elements of a successful business that contributes both to the economy and to society.