Accolades for Illovo's Integrated Annual Reports

Illovo Sugar is pleased to advise that, at the launch of the “6th Annual IRAS Research Report into Sustainability Reporting in SA” which was held in Johannesburg recently, the group received an award for the highest SDTI (Sustainability Data Transparency Index) score in the Food and Beverage Industry sector on the IRAS 2014 Sustainability Data Transparency Index. The company ranked top out of 19 companies in the food and beverage sector and fifth overall across all sectors. The research reviews the sustainability reporting performance of 311 companies against a total of 74 scored indicators, and a further 48 calculated ratios. Companies are scored solely against SDTI compliance, with all data presented relative to JSE-specified industries / sectors. The Sustainability Data Transparency Index is intended to be a useful measure of a company’s ability to manage material sustainability matters.

And, in August 2014, in EY's Excellence in Integrated Reporting Awards 2014, Illovo's 2013 Integrated Annual Report was ranked in the "Excellent" category from the universe of South Africa's top 100 companies listed on the Johannesburg Stock Exchange. The survey process captures over 94% of the JSE's market capitalisation and provides a good representation of current standards of reporting in South Africa, using the Consultation Draft of the International (IR) Framework as the basis for the markplan. This considers the guiding principles and content elements that appeared in the Draft Framework, and also considers the extent to which the Framework's Fundamental concepts, such as an explanation of the business model and how value is created, have been incorporated into the integrated report. Emphasis has also been given to the Framework's recommendation that the information should be presented in a clear, concise, connected and comparable format.