Johannesburg - Electricity parastatal Eskom has been placed third in Ernst & Young's Excellence in Sustainability Reporting Awards 2010.
"The award is a great compliment and shows that Eskom takes a lead in sustainability reporting," finance director Paul O' Flaherty said in a statement on Friday. The Bidvest Group came first, Sasol second.
"Our approach is to ensure we produce a truly integrated sustainability report that is responding to those material issues that our stakeholders have told us they want to know about Eskom, and that we openly and transparently provide performance information that is useful to our stakeholders."
O' Flaherty said Eskom included full disclosure of its compact with its shareholder, as well as its commitment as a signatory to the United Nations Global Compact. The parastatal also continued to produce one integrated report that covered its financial, economic, technical, environmental and social performance.
Lindie Engelbrecht, director for climate change and sustainability services at Ernst & Young, said it was good to see companies in other industries, apart from resources, taking sustainability reporting seriously. She said Eskom was able to show a real understanding of sustainability aspects and how these impact on business.
O' Flaherty said Eskom was guided by best practices including King III and the Global Reporting Initiative guideline on sustainability reporting.